Keywords : Coal | Securities And Exchange Commission | Ukraine |

	Tuesday, May 26, 2009 Proposed Private Placement
	Lysander Minerals Corporation (TSX-V: LYM; "Lysander"), subject to regulatory approval, proposes to issue up to 3,000,000 units at a price of $0.15 per unit via a non-brokered private placement to raise gross proceeds of up to $450,000. Each unit will be comprised of one common share and one share purchase warrant entitling the holder thereof to purchase an additional common share at a price of $0.15 for a period of two years. Proceeds of the placement will be applied to costs related to the Verticalnaya anthracite mine, other resource investments and for general working capital. On behalf of the Board, Bryce M.A. Porter President and CEO About Lysander Lysander is well positioned to take advantage of development opportunities, commencing with the Verticalnaya mine. In June 2008, Lysander added to its Board of Directors Mr. Charles Pitcher, a director and former CEO of Western Canadian Coal Corp. (TSX-V: WTN), who is a mining engineer and manager with extensive experience, and Mr. John Conlon, whose directorships include Cambrian Mining PLC, Western Canadian Coal Corp. and Coal International PLC, who has experience in mining operations and the management and financing of mines. Mr. John Newton, merchant banker, has been a director of the Company since 2005. The Verticalnaya coal mine is situated in the Lugansk region of Ukraine. The mine previously produced anthracite, a high quality, premium priced coal. It is on care and maintenance after a period of low production following the break-down of the Soviet Union. Please visit our website at www.lysanderminerals.com for further information. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

Lysander Minerals Corp

	DEVELOPMENT STAGE
	CODE : LYM.V

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Lysander is based in Canada.

Lysander develops silver, gold and coal in Ukraine, and holds various exploration projects in Canada.

Its main asset in development is VERTICALNAYA in Ukraine and its main exploration properties are OSILINKA (CAT/BET), BOOT-STEELE and CAT / BET in Canada.

Lysander is listed in Canada and in United States of America. Its market capitalisation is CA$ 68.5 millions as of today (US$ 68.4 millions, € 50.3 millions).

Its stock quote reached its lowest recent point on December 31, 2001 at CA$ 0.02, and its highest recent level on January 21, 2011 at CA$ 0.82.

Lysander has 103 801 000 shares outstanding.

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	Mine development
	Discovery
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Lysander Minerals Corp

Proposed Private Placement

Lysander Minerals Corp