TSXV:LGM

VANCOUVER, BC, March 18, 2010 (NewsWireNow) - Lions Gate Metals Inc. (TSX
VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce that
the Filing Statement concerning the business combination transaction (the
"Transaction") with AusNiCo Limited ("AusNiCo"), announced in the news
release of Lions Gate on December 18, 2009, has been posted on the SEDAR
website (www.sedar.com) and filed with the TSX Venture Exchange.

With the completion of the Filing Statement, Lions Gate will seek
necessary shareholder approval to the Transaction by written consent of
shareholders holding a majority of the Company's outstanding shares.

Upon completion of the Transaction, AusNiCo will become a wholly owned
subsidiary of Lions Gate and the securityholders of AusNiCo will become
securityholders of Lions Gate. Please refer to the Filing Statement for
full details of the Transaction.

The Transaction remains subject to satisfaction of a number of conditions,
including completion of the financing announced on December 18, 2009 and
increased on February 18, 2010 and receipt of all necessary approvals of
the TSX Venture Exchange and the shareholders of Lions Gate.

A closing date for the Transaction has yet to be scheduled, but it is
anticipated that, subject to satisfaction of the closing conditions noted
above, closing will occur on or about March 31, 2010.


About Lions Gate Metals

Lions Gate is a Canadian based, junior resource company focused on the
exploration, development, and acquisition of both advanced and early stage
mineral projects. The Company owns 100% of three substantial copper and
molybdenum projects located in British Columbia. The Company's flagship
project is the Poplar porphyry copper molybdenum deposit near Houston, BC.
The Huckleberry Mine located approximately 35 kilometers southwest of the
Poplar Deposit, produces copper and molybdenum from a deposit of similar
age and setting.

Sincerely on behalf of the Board of Directors,

Arni Johannson, CEO and Chairman of the Board

Lions Gate Metals Inc.

Forward-Looking Statements

Statements in this release that are forward-looking statements are subject
to various risks and uncertainties concerning the specific factors
identified in the Company's periodic filings with Canadian Securities
Regulators. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties
involved in interpreting drill results and other exploration data, the
potential for delays in exploration or development activities, the
geology, grade and continuity of mineral deposits, the possibility that
future exploration, development or mining results will not be consistent
with the Company's expectations, accidents, equipment breakdowns, title
matters, labor disputes or other unanticipated difficulties with or
interruptions in production and operations, fluctuating metal prices, the
possibility of project cost overruns or unanticipated costs and expenses,
uncertainties relating to the availability and costs of financing needed
in the future, the inherent uncertainty of production and cost estimates
and the potential for unexpected costs and expenses, commodity price
fluctuations, currency fluctuations, regulatory restrictions, including
environmental regulatory restrictions and liability, competition, loss of
key employees, and other related risks and uncertainties. The Company
undertakes no obligation to update forward-looking information except as
required by applicable law. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may
vary materially. Accordingly, readers are 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.


For more information:

Lions Gate Metals Inc.
Blair McIntyre
Director of Operations
(604) 683-7588
www.LionsGateMetals.com

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