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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (17563)	4/10/2008 9:54:04 PM
From: LoneClone	Read Replies (1) of 194000

Lihir Gold Ltd (LGL) & Equigold: Update on Merger Process Thu Apr 10, 9:12 AM ca.news.finance.yahoo.com BRISBANE, AUSTRALIA--(Marketwire - April 10, 2008) - Lihir Gold Ltd (TSX: LGG.TO)(NASDAQ: LIHR)(ASX: LGL.AX) ("LGL") and Equigold NL ("Equigold") (ASX: EQI.AX) are pleased to provide an update on the progress of their proposed merger via a scheme of arrangement (Scheme). The draft Scheme Booklet was yesterday lodged for review with the Australian Securities and Investments Commission (ASIC). Upon completion of the ASIC review, Equigold will make application to the Federal Court to approve the convening of an Equigold shareholder meeting to approve the Scheme. The Equigold shareholder meeting is expected to be held in late May/early June 2008. Full details of the merger timetable will be included in the Scheme Booklet. The Boards of Equigold and LGL maintain their strong and unanimous support for the merger and the companies are working together very closely to implement the Scheme. Equigold Directors intend to vote all of the shares that they hold (or which are held on their behalf) in favour of the merger, in the absence of a superior proposal. There has been strong shareholder support for the merger and Equigold and LGL look forward to implementing the Scheme and delivering on the many benefits the combination will deliver for shareholders of both companies. A further announcement will be made by both companies following the finalisation of the Scheme Booklet. Contacts Joel Forwood LGL Manager Investor Relations +61 438 576 879 Josie Brophy LGL LGL Communications Officer +61 7 3318 3317 Mark Clark Equigold Managing Director +61 8 9316 3661

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