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Lachlan Star granted Toronto listing, trading commences Wednesday 19 October

Gold producer Lachlan Star (ASX: LSA) will now be able to reach a greater investor audience, with the company to list on the Toronto Stock Exchange with the code LSA, with trading starting tomorrow - Wednesday 19 October 2011.

Mick McMullen, executive chairman, commented on the listing “the TSX listing is a milestone event for the company.

"The TSX is the preferred listing destination for most of our peer group of Latin American precious metal miners, and the TSX listing will enable North American institutional investors to invest in Lachlan in their own time zone.

"We believe that this represents another important step in building the company into a recognised unhedged gold producer with a strong balance sheet and growth profile”.

The gold producing CMD Gold Mine
 
Lachlan Star has a JORC Probable Reserve of; 5.8 million tonnes at 0.8g/t gold for 157,000 ounces at the CMD Gold mine in Chile. The total JORC Resource is 1.4 million gold ounces.
 
CMD is an open pit heap leach gold mine that commenced production in 1995 and has historically produced around 830,000 gold ounces.  The company has an unhedged production of around 45,000 gold ounces annually.


Special Warrants

Lachlan Star is required to use its best efforts to file a preliminary prospectus in each province of Canada in which Special Warrants were distributed.

This includes both Ontario and British Columbia, pursuant to the Special Warrants Placement and obtain a receipt for a final prospectus on or before December 27, 2011, which, if obtained, will result in the underlying shares, including shares issuable upon exercise of the underlying warrants, to be free trading.