Lions Gate Metals Quarterly Letter From the President

4/1/2009, 3:46 PM (Source: GlobeNewswire)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 01, 2009) - Lions
Gate Metals Inc. (TSX VENTURE: LGM) ("LGM" or the "Company") is
pleased to provide an update from President Mark Hewett.


The Lions Gate Metals team has been running on all cylinders these
past few months, and the results are showing. This update will
discuss all of the developments since my last letter as well as what
the future may hold - and it is looking bright indeed.

On our last update we were working towards a new 43-101 on our Poplar
Project. That was completed this past February by Mr. Peter Ogryzlo,
and the results were well worth the wait. By combing through all the
past data from 1970 up until the recent drilling in 2005 and
reaffirming the locations of all the drill holes, Peter was able to
put together a very thorough report. He has reaffirmed the
assessments of two senior mining companies, Utah Mines (now BHP
Billiton) and Placer Dome (now Barrick Gold) that there is a sizeable
porphyry copper-molybdenum deposit. We are now planning the work
program which will include both diamond drilling and geophysical work
to define our high grade zones and further expand the resource.

As a result of the updated 43-101 and the current financial condition
of Lions Gate, we graduated to Tier 1 status on the TSX Venture
Exchange. This is an important development for our company in that it
helps to show the market that we are moving towards achieving our
goal of becoming a major presence in the copper market.

Last year we defined our corporate strategy to move Lions Gate
forward as follows: to increase Lions Gate's recoverable tonnes of
copper through mergers and acquisitions; to identify and engage
strategic Asian partners; and to advance our current assets through
to production in order to provide our partners with stable long term
supply. We are well on our way with the first two objectives with an
LOI announced with Copper Fox Metals, and the opening of a Beijing
office in December.

The Copper Fox merger announcement definitively proves our model.
With the completion of this transaction Lions Gate Metals will take
another big step towards becoming the company upon which we have set
our sights. The Schaft Creek project is certainly of world class
size, with a 1.4 billion tonne resource including 4.76 billion pounds
of copper, 4.5 million troy ounces of gold, 32.5 million troy ounces
of silver, 255.2 million pounds of molybdenum and rhenium (undefined
amount). Our goal is to combine our teams and move this project
forward to feasibility before the end of 2009. One of the key
synergies between our companies is the combined financial experience
of our management team with Copper Fox's technical team. We will also
have a very strong financial structure on completion with only 21
million shares outstanding. This means less dilution for all
shareholders as we move our projects forward. The key, though, is
that we share the same vision, a focus on copper and building our
assets through to production.

Reaffirming our vision for copper has been the recent strength in the
price. With the average stock price for listed copper mining
specialists more than doubling from lows seen just three months ago,
it seems the market is hoping that a turning point for the global
economy is within sight. Moves in copper prices, a major among the
base metals, are seen by a number of investors as a proxy on the
health of the global economy. With prices for copper metal recovering
strongly, hovering just below $1.80/lb at least 90% of the world's
copper miners are making cash profits. Copper therefore remains our

Finally, as part of our strategy to build a sustainable business, we
have adopted a Statement of Environmental and Social Responsibility.
This Statement discusses the way in which we will deal with the
environment and local groups near to our projects such as the First
Nations. In order to build the business we want we need to not only
have our guiding principles in mind, but clearly defined in our
corporate structure. We will be posting this document to our website.


Mark E. Hewett, President and Director

Lions Gate Metals Inc. is a Canadian based, junior resource company
focused on the exploration, development, and acquisition of both
advanced and early stage mineral projects.

For further information on the Company and its projects please visit
our web site at

This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such

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.

Lions Gate Metals Inc.
Blair McIntyre
Business Development and Investor Relations
(604) 683-7588
(604) 683-7589 (FAX)

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