LGM Lions Gate Metals Inc.

Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is
pleased to announce the settlement and termination of the $75,000 annual fee to
Standard Exploration Ltd. for the Poplar Project.


Lions Gate Metals has terminated the annual payment of CDN $75,000.00 due each
year on December 6 by purchasing the option from Standard Exploration Ltd. for
consideration of $350,000.00. The $75,000 payment, which was due each year in
perpetuity, was a term contained in the Amended and Restated Property Option
Agreement dated July 30, 2007 between Hathor Exploration Limited and Fortress
Base Metals Corp. (now Lions Gate Metals Inc.).


"Removing the obligation of the annual fee on the Poplar Project further
demonstrates management's dedication to ensure Lions Gate's projects are free
from as many burdens as possible to enhance the Company's worth and drive
shareholder value," says Paul Sarjeant, President and CEO.


Terms of the Settlement and Termination Agreement

On December 6, 2011, a Settlement and Termination Agreement was signed between
Standard Exploration Ltd. and Lions Gate. The purpose of the Agreement was to
free Lions Gate of the annual $75,000.00 obligation. The Agreement provided that
Lions Gate would pay an amount of $200,000.00 upon signing the Agreement and an
additional amount of $150,000.00 upon the completion of its next financing or an
agreed upon date (December 6, 2012), whichever came first. Having completed a
financing in February 2012, Lions Gate issued the final payment on February 29,
2012.


About the Property

Lions Gate Metals has a 100% interest in the 77,705 hectare, 196 claim Poplar
Copper-Gold-Silver Porphyry Property
(http://www.lionsgatemetals.com/s/Poplar.asp) located in western-central British
Columbia, Canada, approximately 35 kilometres northeast of the Huckleberry
copper-molybdenum mine operated by Imperial Metals Corporation, between the
Huckleberry Mine and the mining resource town of Houston, BC. The Poplar Main
Zone Deposit on the Property has an National Instrument 43-101 Standards of
Disclosure for Mineral Projects (NI 43-101) compliant Indicated Resource of
171.3 million tonnes grading 0.28% Cu, 0.008% Mo, 0.08 g/t Au and 2.30 g/t Ag
(0.40 CuEq %), plus an Inferred Resource of 209.0 million tonnes grading 0.23%
Cu, 0.004% Mo, 0.06 g/t Au and 3.62 g/t Ag (0.33 CuEq %).


Additional diamond drilling is planned to further define and upgrade this
resource. Near-surface mineralization and significant gold and silver presence
are Poplar Deposit highlights. Eight other regional copper-gold porphyry targets
have been identified on the Property.


About Lions Gate Metals

Lions Gate Metals is a Canadian based, junior resource company focused on the
exploration, development, and acquisition of copper and copper-focused
multi-mineral projects. The Company boasts one of the largest consolidated
property portfolios of any Canadian junior resource company, including the
77,705 hectare Poplar copper-gold-silver porphyry property located 35km
northeast of the Huckleberry mine operated by Imperial Metals Corp.
(proven/probable 39.7 million tonnes grading 0.343% copper: aggregate production
to Dec 31, 2010 approximately 870.0 million pounds copper, 8.0 million pounds
molybdenum, 105,000 ounces gold and 3.4 million ounces silver) in west-central
British Columbia, and the 6,900 hectare ROK-Coyote copper-gold porphyry property
contiguous with Imperial Metal's Red Chris copper-gold project in northwestern
British Columbia. Poplar and ROK-Coyote are the primary focus of the 2012
Exploration Program.


Andrew Gourlay, P.Geol., Vice President Exploration is a 'Qualified Person'
under NI 43-101 and has reviewed and approved the contents of this news release.


For further information on the Company and its projects please visit the web
site at www.lionsgatemetals.com.


Forward-Looking Statements

Statements in this release that are forward-looking statements, including
statements 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, legal, political or environmental factors that may influence future
events or conditions, 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.

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