LGM Lions Gate Metals Inc.

Lions Gate Metals Inc. (TSX VENTURE: LGM) ("LGM" or the "Company") is pleased to announce it has received conditional approval from the ELC at the TSXV.

The Company has received notice from the TSX Venture Exchange that the acquisition of AusNiCo Limited has been conditionally accepted, subject to completion of the $4M private placement, receipt of shareholder approval and final filings with the Exchange.

The Company and the principals of AusNiCo have mutually agreed to extend the deadline for closing the acquisition until April 22, 2010.

"Both management teams on each side of this transaction are very happy with the Exchange's conditional acceptance of this transaction. We have moved one step closer to completing the Ausnico merger and have already begun to prepare for our 2010 drill programs. With strong Copper prices and a new 21 month high in Nickel prices, the asset portfolio inside of LGM on the close of this merger offers tremendous potential," comments Arni Johannson.

Arni Johannson, President and CEO

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.

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.

Contacts: Lions Gate Metals Inc. Blair McIntyre Business Development and Investor Relations (604) 683-7588 (604) 683-7589 (FAX) info@LionsGateMetals.com www.LionsGateMetals.com