LRC

Lovitt Resources Inc. (TSX VENTURE:LRC) is pleased to inform shareholders that
an area known as the I-49 stope was discovered during a continuing examination
of the Lovitt Gold Mine workings, owned by its wholly owned subsidiary the
Lovitt Mining Company of Wenatchee, WA. Although significant exploration was
conducted by major mining companies in the 1970's and 80's, it is very unlikely
that this area was accessed, due to the high degree of difficulty in reaching
this location. After entering a large ore chute area and from that location
traversing a raise, then a narrow three foot high twenty foot tunnel off the
raise, the area opens to a large room at the 1310 level with dimensions of
approximately 180 feet by 215 feet by 200 feet high. The floor of the I-49 stope
area is full of broken rock either stockpiled as waste, ore or from collapsed
material, or all three, and this material sits with an angle of repose of 30
degrees. The implied tonnage of this material is substantial but totally
dependent upon whether the floor is flat or angled, so the current estimate is
20,000 tons to 100,000 tons. Mine working plans & sections dating from 1962
indicate that this material could be continuous from the 1290 foot level down to
another stoped area on the 1190 level. Dimensions are unknown below the 1290
level. The company intends to enter the 1190 stope area from the main 1150
haulage level to investigate, assess ground conditions, and sample. Twenty
samples from the I-49 area, eighteen of which were taken on a random basis in
two areas of approximately 80 feet X 10 feet, plus two samples near the crown
pillar, returned assays averaging 7.9 grams/t gold and 15.9 grams/t silver, or
0.21 ounces of gold per ton and 0.46 ounces of silver. It should be noted that,
although these results are promising, an additional 80 samples will have to be
gathered to fully sample the I-49 area on a grid of 25 feet X 25 feet and a 5
foot sampling radius.


All samples were collected by a licensed geologist in the state of Washington.
As part of the diamond drill program announced September 10th, the company plans
one or more steeply inclined diamond drill holes from the main 1150 level
directly upward into the I-49 material to better determine the extent, grade and
tonnage of this system. A diagram of the I-49 showing sample locations and a
table with sample results is available at:
http://www.lovittresources.com/properties/lovitt_mine/1-49/


The Lovitt Gold Mine was the sixth largest gold mine in the USA when operations
were suspended in 1967 due to expenses rising due to inflation and gold fixed at
$35.00 per ounce. The Lovitt Gold Mine produced 420,000 oz of gold over 16
years. The Cannon Mine (directly adjoining to the north), controlled by Asamera
Minerals (US) Inc., produced over 1,200,000 ounces of gold between 1985 and
1994. This news release was reviewed and approved by our Director James
Proudfoot, P Eng., a qualified person under NI 43-101.

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