Lero drills 332.2 m of 0.69 g/t Au at Taldybulak-Talas

2008-05-20 12:53 ET - News Release

Dr. Alexander Yakubchuk reports

LERO GOLD CORP. REPORTS SIGNIFICANT INTERSECTIONS AT ITS TALDYBULAK-TALAS COPPER-GOLD PROJECT, KYRGYZSTAN

Lero Gold Corp. is releasing progress on its continuing work at the Taldybulak-Talas copper-gold porphyry project in northwest Kyrgyzstan.

Following the 2007 drill program, Lero Gold completed an additional diamond drill hole located 200 metres to the west of TBDD07-07 to test the extension of the previously delineated high-grade core in the Taldybulak Central zone.

TBDD07-24 was drilled in a northeastern direction to a depth of 405 metres and intersected strongly potassic-altered stockworked porphyry from 70 metres below the surface to the end of the hole. The start of alteration is consistent with that previously intersected in TBDD07-07 and indicates that the high-grade mineralization is plunging to the west, as modelled from previously interpreted geophysics and the recently completed resource estimate.

The 2007 drill program has now been completed and all assays received. The design of infill, step-out and exploration drilling programs for Taldybulak Central has commenced with drilling forecast to begin in the second quarter of 2008.

             SIGNIFICANT INTERSECTIONS INCLUDE

Hole-ID     From (m)  To (m)   Length   Au (g/t)  Cu (%)          Area

                                                            Taldybulak
TBDD07-24      72.8   405.0     332.2      0.69    0.14   Central West
 (i) including
TBDD07-24     158.6   405.0     246.4      0.89    0.14

(i) Gold values are uncut.

A continuous zone of significant copper-gold mineralization hosted in a quartz dacite porphyry with dimensions of 1,000 metres (strike) by up to 350 metres (width) and 500 metres (depth) has now been delineated at Taldybulak Central. The higher-grade intercepts in TBDD07-24 coincide with an extensive zone of potassic-hematite altered porphyry, as previously intercepted in TBDD07-07. This result enlarges a higher-grade core in the western part of Taldybulak Central. Mineralization at Taldybulak Central remains open at depth and along strike to the west.

The Taldybulak-Talas copper-gold porphyry prospect is located within the prolific Tien-Shan gold belt which is host to some of the world's largest copper-gold porphyries including a 93-million-ounce porphyry cluster at Almalyk in Uzbekistan.

Chief executive officer of Lero Gold, Dr. Alexander Yakubchuk, commented: "In addition to the Taldybulak resource calculation announced in April, 2008, these positive results have extended the known mineralization at Taldybulak Central. TBDD07-24 was the second-best hole of the 2007 program and was drilled outside the recently reported resource envelope. The results demonstrate that the porphyry remains mineralized for an additional 200 metres along strike to the west, giving Lero significant impetus to expand the reported resource at Taldybulak Central."

All work carried out on site was reviewed by Matthew Boyes (senior geologist and a qualified person under National Instrument 43-101). Assays were conducted at the internationally certified Alex Stewart Assayers Lab in Kara-Balta, Kyrgyzstan. Lero Gold operates a stringent quality control and quality assurance policy that includes externally certified standard samples and duplicates in each individual batch sent for analysis.