Luiri Gold Ltd.

Published : June 14th, 2010

Zambian Update

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Luiri Gold Limited
TSX VENTURE: LGL
ASX: LGM
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June 14, 2010
Luiri Gold Zambian Update
TORONTO, CANADA--(Marketwire - June 14, 2010) - Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has received a letter from the Director of Mines in Zambia that alleges that the Company is in default of provisions made in the granting of the mining license LM48 at the Luiri Hill Gold project. According to the Company's records and the legal opinion of our counsel in Zambia, the Company is in compliance with all provisions of the mining license. The Company is taking the matter up with the Department of Mines Development as a matter of priority. The Company has 60 days to show that it is not in default and this is currently being done.

The Company has recently been increasing its presence in Zambia as development activities on the project are increased. This has included the appointment of two prominent Zambian businessmen to the boards of the Luiri Gold Zambian subsidiaries.

The Company is working closely with the various government bodies to take the necessary steps to ensure the development of its assets in Zambia can proceed as planned.

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President, Managing Director and CEO

This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.


THE TSX VENTURE EXCHANGE NOR THE ASX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CONTACT INFORMATION:

Luiri Gold Limited
Michael Sperinck
President
+61-401-694-322
www.luirigold.com

or

North American Investor Relations:
First Canadian Capital Corp.
Daniel Boase
416-742-5600 or Toll Free: 1-866-580-8891
request@firstcanadiancapital.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Data and Statistics for these countries : Zambia | All
Gold and Silver Prices for these countries : Zambia | All

Luiri Gold Ltd.

CODE : LGL.V
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Luiri Gold is a gold development stage company based in Canada.

Luiri Gold is listed in Canada. Its market capitalisation is CA$ 7.9 millions as of today (US$ 7.9 millions, € 6.0 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.75, and its lowest recent point on December 12, 2008 at CA$ 0.03.

Luiri Gold has 121 042 000 shares outstanding.

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Nominations of Luiri Gold Ltd.
3/1/2011: Appointment of Company Officers
9/17/2009(Luiri Hill)Commences Drilling at Luiri Hill Gold Project and Appoints N...
Project news of Luiri Gold Ltd.
2/23/2011Closes Transaction With Carlton Resources Plc
7/7/2010(Luiri Hill)Releases Gold Resource Update in Zambia
5/5/2010Drilling Results from Matala Shallow Central Zone
9/9/2008(Luiri Hill)Drilling Results in Zambia-Excellent Gold Grades From Drilli...
4/15/2008(Luiri Hill)Increases Gold Resource in Zambia
Corporate news of Luiri Gold Ltd.
2/14/2011-Sale of Lachlan Star Shares, Subscription for New Shares by...
7/28/2010Zambian Tenure Update
6/28/2010Zambian Update
6/14/2010Zambian Update
11/18/2009Closes C$7=2E69 Million Financing and Receives Approval to T...
11/4/2009Completes C$7=2E69 Million Financing With Euroz Securities L...
10/16/2009Lodges Prospectus for Secondary Listing on the ASX and to Ra...
8/18/2009Completes Placement for C$2.6 Million
7/8/2009Completes First Placement for C$1=2E5 Million and Sets Date ...
6/8/2009Receives Major Cash Injection From Lachlan Star
9/24/2008Receives Positive Metallurgical Results
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