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	Thursday, June 26, 2008 Letter Agreement Signed With Ukraine Coal
	Lysander Minerals Corporation (TSX-V: LYM) ("Lysander") is pleased to announce the signing of a Letter Agreement with Ukraine Coal Ltd. ("Ukraine Coal") of London, England. Under the terms of this agreement, Lysander has the right to enter into an option agreement to purchase all of the issued and outstanding shares of Ukraine Energy Limited ("Ukraine Energy"), a wholly-owned subsidiary of Ukraine Coal, which owns 51% of the issued and outstanding shares of East Coal Company Limited ("East Coal") and holds the right to acquire the remaining 49% of East Coal. If the option is exercised, consideration of $12,000,000, comprised of $6,000,000 in cash and a $6,000,000 interest bearing convertible note will be payable to Ukraine Coal. The convertible note, which is redeemable in whole or in part after a period of one year, may be converted to Lysander shares at a price of $1.00 per common share. A good faith deposit of $100,000 is payable, of which $75,000 is refundable, while it completes the necessary due diligence. East Coal has acquired mineral rights and assets of the Verticalnaya coal mine in the Lugansk region of Ukraine. The mine was placed on care and maintenance after a period of low production following the break-down of the Soviet Union. The Company will now review, inter alia, plans for the re-opening of the mine on a significantly expanded basis. It will also review environmental approvals and progress on other approvals and rights needed for construction and operations. The mine produced anthracite, a high quality, premium priced coal. Ukraine Coal has arranged for the preparation of a NI 43-101 technical report. On behalf of the Board, Bryce M.A. Porter President and CEO The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

Lysander Minerals Corp

	EN DÉVELOPPEMENT
	CODE : LYM.V

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Lysander est une société basée au Canada.

Lysander est en développement de projets d'argent, d'or et de charbon en Ukraine, et détient divers projets d'exploration au Canada.

Son principal projet en développement est VERTICALNAYA en Ukraine et ses principaux projets en exploration sont OSILINKA (CAT/BET), BOOT-STEELE et CAT / BET au Canada.

Lysander est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 68,5 millions CA$ (68,4 millions US$, 50,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2001 à 0,02 CA$, et son plus haut niveau récent le 21 janvier 2011 à 0,82 CA$.

Lysander possède 103 801 000 actions en circulation.

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Lysander Minerals Corp

Letter Agreement Signed With Ukraine Coal

Lysander Minerals Corp