Lions Gate Metals Inc. Enters Into Agreement to Acquire the Whitford Lake Uranium Project, Athabasca Basin, Saskatchewan

Lions Gate Metals Inc. Enters Into Agreement to Acquire the Whitford Lake 
Uranium Project, Athabasca Basin, Saskatchewan 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 -- 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
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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
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ADVISED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR
INFORMATION. 
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. 
Contacts:
Lions Gate Metals Inc.
Arni Johannson
Chairman and Interim President and CEO
(778) 328-2281
 
 
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