Luiri Gold Limited

Luiri Gold Limited

September 14, 2012 13:14 ET

Redomicile of Luiri Gold Limited to Bermuda Now Complete

TORONTO, CANADA--(Marketwire - Sept. 14, 2012) - Luiri Gold Limited (Luiri or the Company) (ASX:LGM) is pleased to announce that all administrative actions in connection with the Company's continuance out of the Province of British Columbia and into Bermuda as an exempted company under the Bermuda Companies Act (Continuance) have been completed.

Further to the Company's announcement of 13 September 2012, the new holding statements will be dispatched today to each of the Company's shareholders that previously held CHESS depository interests (CDIs) on ASX. Please note that the number of common shares to which a CDI holder is entitled has not changed following completion of the Continuance.

The Company's securities may now be traded on ASX as shares rather than CDIs.

The Canadian register has now been closed and new holding statements will be dispatched to each of these shareholders shortly. These shares will be automatically placed on the Australian register in an issuer sponsored holding. If you have any queries in relation to the closure of the Canadian register, please contact Computershare Investor Services on +1-866-277-2086.

On behalf of the Board of Directors of the Company,

Mike Langoulant,
Director and Corporate Secretary

About Luiri Gold Ltd

Luiri Gold Limited is a gold exploration and development company that holds 2 mining licences in Zambia that cover the historic Dunrobin and Matala gold deposits. Coffey Mining Pty Ltd of Perth have estimated the current gold resource at the Matala and Dunrobin deposits to be a combined (indicated plus inferred) resource of 10.591 million tonnes at 2.2 g/t Au, for 758,000 ounces of gold, at a cut-off of 1.0 g/t. Refer to the below table.

Luiri Hill Gold Project
Summarized Resource Estimate at 1 g/t Gold Cut-Off
Matala Deposit
Lower Cut-Off Tonnes (000's) Average Grade Ounces (000's)
Grade (g/t Au) (g/t Au)
Indicated 1.0 3,204 2.7 278
Inferred 1.0 4,525 2.0 290
Dunrobin Deposit
Lower Cut-Off Tonnes (000's) Average Grade Ounces (000's)
Grade (g/t Au) (g/t Au)
Indicated 1.0 1,851 2.3 134
Inferred 1.0 1,011 1.7 56
Matala and Dunrobin Deposits Combined
Lower Cut-Off Tonnes (000's) Average Grade Ounces (000's)
Grade (g/t Au) (g/t Au)
Indicated 1.0 5,055 2.5 412
Inferred 1.0 5,536 1.9 346

Competent Person

The information in this report that relates to Mineral Resources is based on information compiled by Mr Brian Wolfe, B.Sc Hons (Geol), MAIG an employee of Coffey Mining Limited. Mr Wolfe has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wolfe consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

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