Share Buy back (4930P)

TIDMLRL

RNS Number : 4930P

Leyshon Resources Limited

04 October 2011

4 October 2011

SHARE BUY-BACK

Leyshon Resources Limited (AIM/ASX:LRL) advises that it will implement an on-market share buy-back (Buy-Back) of up to 5,500,000 fully paid ordinary shares in the Company.

The Buy-Back will commence on 18 October 2011 and will have a maximum duration of 12 months. The prices to be paid will comply with the ASX Listing Rules, being no more than 5% above the average price paid for the Company's shares over the five previous trading days.

The Company has approximately A$53.5 million in cash held on short-term deposit together with accrued interest.

At current exchange rates this equates to approximately 13.5 pence per share and 22 cents per share.

The Buy-Back will be handled by Seymour Pierce in London and Blackswan Equities in Australia, as required, on the Company's behalf.

For further information contact:

Leyshon Resources Limited

Paul Atherley - Managing Director

Tel: +86 137 1800 1914

patherley@leyshonresources.com

Seymour Pierce

Jonathan Wright/John Cowie (Nominated adviser)

Richard Redmayne/Leti McManus (Corporate broking)

Tel: +44 (0)207 107 8000