Luiri Gold Limited
TSX VENTURE : LGL
ASX : LGM

Luiri Gold Limited

June 14, 2010 13:50 ET

Luiri Gold Zambian Update

TORONTO, CANADA--(Marketwire - June 14, 2010) - Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has received a letter from the Director of Mines in Zambia that alleges that the Company is in default of provisions made in the granting of the mining license LM48 at the Luiri Hill Gold project. According to the Company's records and the legal opinion of our counsel in Zambia, the Company is in compliance with all provisions of the mining license. The Company is taking the matter up with the Department of Mines Development as a matter of priority. The Company has 60 days to show that it is not in default and this is currently being done.

The Company has recently been increasing its presence in Zambia as development activities on the project are increased. This has included the appointment of two prominent Zambian businessmen to the boards of the Luiri Gold Zambian subsidiaries.

The Company is working closely with the various government bodies to take the necessary steps to ensure the development of its assets in Zambia can proceed as planned.

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President, Managing Director and CEO

This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.

THE TSX VENTURE EXCHANGE NOR THE ASX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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