Developing Heilongjiang’s first Sino-Foreign Gold Mine

Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its gold sector to foreign investment and is participating in the once-in-a- lifetime transformation of this state owned industry into the world’s largest gold producer.

The Company is fully engaged in China with its main operating office in Beijing and is developing the Zheng Guang gold zinc project as the first Sino Foreign owned gold mine in the mineral rich province of Heilongjiang, north east China.

The joint venture has established a 135 km² strategic ground position on a major unexplored gold and copper belt and has achieved a discovery cost to date of less than US$5 per ounce of gold.

A 35,000 metre exploration programme commenced in May 2008 targeting previously identified gold and copper prospects.

The project benefits from exceptional infrastructure as it is located within a well established coal and copper mining community and combines low Chinese capital and operating costs with the latest Australian metallurgical design.

Leyshon’s partner, Qiqiha’er Brigade of the Heilongjiang BGMR, is one of the largest geological bureaus in China and is providing a range of services to the joint venture enabling the project to rapidly move ahead on an extremely cost effective basis.

The Company is one of AIM’s most liquid gold stocks with a market capitalisation of US$100 million and is funded by its major shareholders which include JP Morgan, Baker Steel, US Global, Citigroup, Investec, Deutsche, Jupiter Ospraie, Generali, Credit Suisse, Foreign & Colonial, Standard Bank and others.