ASX/TSXV Announcement

16th December 2011

ASX: LGM TSXV: LGL

Luiri Gold to Voluntarily Delist from the TSX Venture Exchange

Luiri Gold Limited ASX Code: LGM TSXV Code: LGL

www.luirigold.com

DETAILS

The Board of Directors of Luiri Gold Limited ("Luiri Gold" or the "Company") advises that the Company is applying for voluntary delisting of its common shares from the TSX Venture Exchange ("TSXV").
Subject to the application being accepted by the TSXV, it is expected that Luiri
Gold's common shares will be delisted from the TSXV at the close of trading on

or about Friday, 20 January 2012.

Corporate Structure

Shares on issue 127.43m

Options 10.1m

52 week high A$0.27

52 week low A$0.09

Cash (as at 31 Oct) A$2.7m

Company Directors

Melissa Sturgess

Chairman

Evan Kirby

Director and Chief Executive Officer

Mike Langoulant

Executive Director

Robert Brown

Non-Executive Director

In addition to Luiri Gold's common shares being listed for trading on the TSXV,
they are listed on the Australian Securities Exchange ("ASX") in the form of
CHESS Depository Interests ("CDIs"). Each CDI represents one common share.
Following the delisting from the TSXV, the Company's common shares will continue to trade on the ASX in the form of CDIs.
In addition, when the Company meets the requirements to cease reporting to the British Columbia Securities Commission ("BCSC") and Alberta Securities Commission ("ASC"), it intends to apply to the BCSC and ASC to cease to be a reporting issuer in the provinces of British Columba and Alberta (the Canadian jurisdictions in which the Company is a reporting issuer).

Reasons for the voluntary delisting from the TSXV and intention to cease to be a reporting issuer

After due and careful consideration, the decision to delist was taken due to: