Luiri Gold Limited

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	155 Rexdale Blvd., Suite 502 Toronto, Ontario Canada M9W 5Z8
Tel No.:	(416) 742-5600
Fax No.:	(416) 742-6410
Toll Free No.:	1-866-580-8891
Web Site:	www.luirigold.com
Corporate Email:	dboase@firstcanadiancapital.com
Contact Person:	Daniel Boase
Position:	Investor Relations

COMPANY DATA

Traded Market:	TSX-V
Traded Symbol:	LGL
Outstanding Shares:	65 million
Public Float:	20 million
52 Week High:	$ 0.21
52 Week Low:	$ 0.025
Present Price:	Click Here

INTRODUCTION

Luiri Gold is a developing gold resource company with a strategy of creating shareholder value through the acquisition, exploration and development of gold opportunities in Africa. The current focus is at the Luiri Hill Gold Project in Zambia.

PROJECT IN HAND

Luiri Hill Gold Project, South-Central Zambia

Luiri Gold's wholly-owned Zambian subsidiary, Luiri Gold Mines Limited holds mineral tenements within southern-central Zambia covering approximately 1,200 sq.km of highly prospective exploration ground focused on the Matala and Dunrobin gold deposits collectively called the Luiri Hill Project. The Luiri Hill Project is situated approximately 120 km west-northwest of the Zambian capital of Lusaka in Zambia's Central Province. Access to the Project area is by a newly-upgraded paved road from Lusaka.

The Luiri Hill Project area is adjacent to ground held by BHP Billiton in Joint Venture with AIM Resources. This consortium has been actively exploring for iron oxide gold-copper ("IOCG") mineral occurrences.

Matala & Dunrobin Gold Deposits

The project area has significant potential for iron oxide copper-gold style mineralization both related to the Matala Dome mineralized structure where the Matala and Dunrobin gold deposits are being drilled, and the surrounding Katangan rocks.

The current NI 43-101 compliant mineral resource estimate at the Company's Luiri Hill project (Matala and Dunrobin deposits) includes 656,000 ounces of gold (Inferred) contained in 7.1 million tonnes at 2.9 grams per tonne and 144,000 ounces of gold (Indicated) in 2.2 million tonnes at 2.1 grams per tonne. Results of the first phase of a RC 9,600-metre drilling program at six new targets on the Matala Dome structure confirmed that it is potentially a source of more gold than defined in the mineral resources at Matala and Dunrobin.

A metallurgical study on the Matala and Dunrobin deposits showed that the gold at both deposits appears to be free-milling and amenable to semi-autogenous grinding ("SAG") milling, and a conventional carbon in leach ("CIL") circuit had average recoveries of 95%+ at Matala and 87%+ at Dunrobin. There are high levels of gravity concentrate gold in each, averaging 65% and 57% respectively.

Nambala Iron Deposit

Luiri's properties also host the large Nambala iron deposit which is 20 km west of Luiri Hill. A review by Coffey Mining indicated that on part of the mineralized body there exists the 'mineral potential' of between 100 and 300 million tonnes of iron at grades of 55-60% Fe. Interpretation of the regional geology indicates that the iron contained in this deposit could be several times larger than this figure. Note that the potential quantity and grade is conceptual in nature, and there is insufficient exploration to define a mineral resource. The Company undertook an exploration and mapping project focused on iron mineralization in a section of the Nambala Range where the deposit lies.

Luiri Gold has commenced a 9,500-metre drilling program which will include both infill drilling at Matala and Dunrobin deposits and follow-up drilling at recently defined new targets. The drilling program aimed both at increasing and upgrading existing resources and testing the recently discovered drilling targets. The results of this work should enable Luiri Gold to expand the scope of the prefeasibility study to design a mining operation significantly larger than that envisaged on the current resource base.

The Company is also planning to conduct more follow up exploration to define a pipeline of medium-term drilling targets based on the regional soil geochemical sampling program over the rest of the Matala Dome mineralized structure. These include a number of targets which are in similar structural positions to the Matala and Dunrobin deposits. The Company is also continuing with its assessment of the Nambala Iron Project with a view to optimizing shareholder value from this asset.

MANAGEMENT

Management & Director

Mick McMullen, Chairman
Mr. McMullen is a geologist with over 15 years experience in exploration, financing, development and operation of mining projects. He has worked in Australia, Africa, Europe, Asia and South America. He was most recently the Managing Director of Northern Iron Ltd.

Michael Sperinck, President & Chief Executive Officer
Mr. Sperinck, Member of AUSMIN, is a qualified person (as defined by NI 43-101) with more than 25 years of experience in the mining industry. Mr. Sperinck was the Managing Director of Luiri Gold prior to the listing on the TSX.V. Before that he was Manager Technical Services and a Principal Resource Consultant with RSG Global, Perth Western Australia during the period 2001 to 2004. Prior to joining RSG Global's Perth office, Mr. Sperinck was a Member of the Executive Committee, and Manager, Resources and Reserves for Randgold Resources Limited based in Johannesburg, South Africa.

Peter Tanham, Chief Financial Officer
Mr. Tanham was the Chief Financial Officer of Luiri Gold prior to the listing on the TSX.V. He has over 20 years of financial and accounting management experience in a number of industries including finance, mining, sporting and auditing.

Richard Billingsley, Director
Mr. Billingsley is a company director and mineral explorationist. He developed a sophisticated land management system for the province of British Columbia. He is currently a director of Glass Earth Limited and Youandi Capital Corp.

Gordon Richards, Director
Mr. Richards is a Professional Engineer and a member in good standing with the Association of Professional Engineers and Geoscientists. He is a self-employed consulting geologist since 1997 and has been involved in mining and mineral exploration throughout North America.

Declan Franzmann, Director
Mr. Franzmann is a mining engineer with more than 15 years experience in operational mine management and engineering roles in Australia. He is currently a director of Lachlan Star and Every Day Mine Services.

NEWS UPDATE

On November 4, 2009, Luiri Gold Ltd. announced that it has successfully completed the raising of $8-million (Australian) (approximately $7.69-million) to advance exploration at its Luiri Hill gold and Nambala iron projects in Zambia.

On September 17, 2009, Luiri Gold Limited announced that it has commenced a 9,500-metre drilling program which will include both infill drilling at Matala and Dunrobin deposits and follow-up drilling at recently defined new targets. The drilling program aimed both at increasing and upgrading existing resources and testing the recently discovered drilling targets. The results of this work should enable Luiri Gold to expand the scope of the prefeasibility study to design a mining operation significantly larger than that envisaged on the current resource base.

Luiri Gold also announced the appointment to the board of Mr. Mick McMullen, Chairman of Lachlan Star, and Mr. Declan Franzmann, Management Director of Lachlan Star.

On August 18, 2009, Luiri Gold Limited announced it has completed the second phase of the investment by Lachlan Star for CDN$1,137,167.90 which in aggregate brings the total investment by Lachlan Star in Luiri to CDN$2,627,100. This will result in Lachlan Star holding approximately 31% of the issued share capital of Luiri Gold.