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 assignment agreement with an
arm's length purchaser for the Whitford Lake Uranium Project in the eastern
Athabasca Basin.


Under the terms of the assignment, Canadian Uranium Corp., a private British
Columbia company, can earn a 100% interest in the Whitford Lake Option Agreement
by issuing to Lions Gate 4,500,000 common shares of Canadian Uranium and paying
an aggregate of $520,000 on or before March 31, 2014. As part of its
capitalization strategy, Canadian Uranium Corp. intends to list its shares for
trading on the CNSX, Canada's fastest growing stock exchange. 


The directors of Lions Gate Metals are extremely pleased with this disposition
as it facilitates the exploration of the Whitford Lake Project while maintaining
a significant upside for its shareholders. 


About the Whitford Lake Project.

The Whitford Lake Project covers an area of 67ha, 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 of roughly 750m. Drilling at Whitford Lake
by Cameco in 1995 identified a zone of altered sandstone, beginning approx. 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. In 2013,
Lions Gate identified through a ground IP survey a moderate low-resistivity
feature located at 200 m depth increasing to 340 m depth towards the east which
forms the highest priority target on the project. For more information regarding
the results of the ground survey, please refer to the news release dated
September 13, 2013.


Sincerely on behalf of the Board of Directors, 

Arni Johannson, CEO & Chair, Lions Gate Metals Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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 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
Blair McIntyre
Exec VP of Lions Gate Metals
(778) 837-6812

Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
Von Jun 2023 bis Jun 2024