LACHLAN STAR LIMITED NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR DIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
"Perth, Western Australia: Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (ASX and TSX: LSA) announces that its Chilean subsidiary, Compañía Minera Dayton ("Dayton"), has sold certain mining properties to Compañía Minera Teck Carmen de Andacollo ("CDA").
The properties being sold adjoin CDA's mining properties and are non-core to Dayton's gold mining operations. Dayton will receive US$3 million on completion of the transfer of one group of mining properties to CDA plus US$0.5 million for the grant of a five year purchase option that would result in additional proceeds of US$1.5 million if CDA exercises such option to purchase further mining properties.
For and on behalf of the Board
Bira de Oliveira
Chief Executive Officer
For further information please visit http://www.lachlanstar.com.au/www.lachlanstar.com.auor contact:
Bira de Oliveira
Chief Executive Officer
Lachlan Star Limited
Email: boliveira@mineradayton.cl
PO Box 1523 West Perth, WA 6872 Tel +61 8 9481 0051 Fax +61 8 9481 0052
www.lachlanstar.com.au
About Lachlan Star Limited
Lachlan Star Limite d is a gold mining company headquartered in Perth, Western Australia. The Company is focused an optimizing free cash flow from its CMD Gold Mine
in Chile. The Company has a board of directors and management team with an impressive track record of advancing resource projects through to production.
Lachlan Star's current projects include a 100% interest in the CMD Gold Mine in Chile, a 49% interest in the Bushranger Copper Project in New South Wales and a 100%
interest in the Princhester magnesite deposi!in Queensland.
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