Leyshon Resources Limited Strategy Update (3380C)

TIDMLRL

RNS Number : 3380C

Leyshon Resources Limited

14 March 2014

   L E Y S H O N   R E S O U R C E S

14 March 2014

STRATEGY UPDATE

Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") is pleased to provide an update to shareholders on its corporate objectives and strategic plans.

The Company has been actively pursuing and studying potential investment opportunities in the resources sector which are in line with the Company's stated investing policy. In addition, the Company has commenced preliminary discussions with prospective debt and equity financiers in regard to these opportunities, and has been encouraged by the response regarding the level and types of funding that could be available.

The Company's strategic objective is to identify projects that have a clear pathway to production or monetization and can generate high returns to shareholders. This will be achieved by leveraging the in-house expertise and track-record in identifying, acquiring, financing, developing and operating resource projects, and un-locking value. The Company's plan is to identify advanced or brown-field assets which have a stronger chance of being re-rated in the listed market.

The investment climate in the resources sector continues to be very difficult. Resource equity and asset valuations are currently substantially discounted which we believe will provide an attractive buying opportunity for the Company at the bottom of the investment cycle.

The Company has a strong cash position with working capital of US$3 million. Major shareholders remain very supportive of the Company's acquisition strategy.

We look forward to updating shareholders in due course on our acquisition plans.

For further information please contact:

Leyshon Resources Limited

Corey Nolan - Managing Director

Tel: +61 7 3221 7770

admin@leyshonresources.com

Cantor Fitzgerald Europe

David Porter/Rick Thompson (Nominated Adviser)

Richard Redmayne (Corporate broking)

Tel: +44 (0)207 894 7000

http://www.leyshonresources.com

This information is provided by RNS