LGM Lions Gate Metals Inc.

Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is
pleased to announce that it has entered into an option agreement (the
"Agreement") with an arm's-length vendor, by which the Company can earn a
100-per-cent (100%) interest in the Whitford Lake uranium project, which covers
67 hectares in the Athabasca Basin, in Saskatchewan (the "Property"). The
Whitford Lake Project is located, some 21km SE of the Cigar Mine on the eastern
edge of the Athabasca Basin, the most productive uranium region in the world.
Other claimholders in the area include Fission Energy, Purepoint Uranium,
Denison Mines and Cameco Corporation. The primary target at Whitford Lake is two
northeast, parallel magnetic contacts, between which lies a zone of subsurface
resistivity, with a strike length of roughly 750m. Drilling at Whitford Lake by
Cameco in 1995 identified a zone of altered sandstone, beginning 30m above the
unconformity, enriched with chlorite and illite, which is indicative of
hydrothermal activity. In addition, elevated lead levels below the unconformity
have also been identified. All of these enrichments are key exploration
indicators for uranium exploration in the Athabasca basin.


Under the terms of the Agreement, the Company can earn a 100-per-cent (100%)
interest in the Property by paying $100,000 initially and issuing two million
five hundred thousand (2,500,000) common shares to the vendor. 1,000,000 shares
will be issued within 5 days of regulatory approval with the balance being
distributed under an escrow agreement over the next 18 months (500,000 share
increments ever six months). The Company must make additional payments of
$1,150,000 and complete $3,000,000 in exploration expenditures on the Property
within the next 4 years. A 1-per-cent (1%) net smelter royalty has been granted
to the vendor, of which a half per-cent (0.5%) may be purchased by the Company
for $750,000. The Agreement is subject to regulatory approval.


"As we advance the option agreement on the Poplar Copper, Silver, Gold deposit
the company has been looking for additional opportunities for expansion
featuring geographical and commodity diversification. Our Lions Gate team has
the skill sets and contacts in the Uranium Sector. The company's management is
of the mindset that the Uranium sector will see renewed interest as the market
realizes the supply and demand delta is widening. Management also feels asset
values have 'bottomed-out' and at this stage projects such as Whitford Lake
represent excellent value for money," commented CEO & Chair, Arni Johannson.


About Lions Gate Metals

Lions Gate is a public Canadian based, junior resource company focused on the
exploration, development, and acquisition of both advanced and early stage
mineral projects.


Sincerely on behalf of the Board of Directors,

Arni Johannson, Chairman and Interim President and CEO

Lions Gate Metals Inc.

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE,
INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES
OF THE COMPANY ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND
UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE
ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE
ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR EXPECTATIONS INCLUDE
AVAILABILITY OF CAPITAL AND FINANCING IN CONNECTION WITH THE COMPANY'S PROPOSED
PRIVATE PLACEMENT, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY
CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS
DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY.
ACCORDINGLY, READERS ARE ADVISED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING
STATEMENTS OR INFORMATION.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lions Gate Metals Inc.
Arni Johannson
Chairman and Interim President and CEO
(778) 328-2281

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