LG Lahontan Gold Corp

NOT FOR DISSEMINATION IN THE US OR TO US WIRE SERVICES

Lions Gate Energy Inc. (TSX VENTURE:LG) (the "Company") announces a private
placement financing of up to 10,000,000 units at a price of $0.05 per unit (the
"Units") to raise up to an aggregate total of $500,000 (the "Financing"). Each
Unit consists of one common share in the equity of Lions Gate Energy and one
half of one share purchase warrant (the "Warrants"); each whole Warrant entitles
the holder to purchase one additional common share (a "Share") at a price of
$0.10 per Share for a period of one year from closing of the Financing. Proceeds
of the Financing will be used for general working capital purposes. Finder's
fees may be payable in connection with the Financing. Closing of the Financing
is subject to regulatory approval.


This news release has been prepared on behalf of the Board of Directors which
takes full responsibility for its contents.


J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.


These securities have not and will not be registered under the United States
Securities Act of 1933 or any state securities laws and may not be offered or
sold in the United States or to a U.S. Person unless so registered, or an
exemption from registration is available to be relied upon. This news release
does not constitute an offer of securities for sale in the United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lions Gate Energy Inc.
604-669-6463 or Toll Free: 1-800-663-9688
1-604-669-3041 (FAX)

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