Lysander Minerals Corp Osilinka 2007 Drill Program Completed by 24hgold

Mots clés associés : Canada | Copper |

	Friday, January 18, 2008 Osilinka 2007 Drill Program Completed
	Lysander Minerals Corporation (TSX-V: LYM)("Lysander") is pleased to confirm that progress is being made in implementing the Plan of Arrangement pursuant to which common shares in a new company, Lorraine Copper Corp. ("Lorraine Copper"), will be received by shareholders. The effective date and the listing of the common shares of Lorraine Copper on the TSX Venture Exchange ("TSX-V") are expected to occur early in 2008 as soon as final approval is received from the TSX-V. On the effective date, all shareholders holding common shares of Lysander will receive common shares of Lorraine Copper. Existing shareholdings in Lysander will not change. The Plan of Arrangement is described more thoroughly in Lysander's Information Circular, which was mailed to shareholders on October 31, 2007. Under Plans of Arrangement approved by shareholders of both companies, the interests of Lysander and Eastfield Resources Ltd (ETF: TSX-V) ("Eastfield") in the Lorraine-Jajay copper-gold property (the "Lorraine-Jajay Property") will be consolidated in Lorraine Copper. Teck Cominco Limited ("Teck Cominco") is currently conducting exploration of the property under a participation agreement. Teck Cominco may earn a 51% interest in the Lorraine-Jajay Property by expending $9 million by December 31, 2010, whereupon Lorraine Copper's interest in the Lorraine-Jajay Property would be 49%. Teck Cominco may earn a further 9% interest by funding and completing a feasibility study and a further 5% interest by arranging project financing. Bryce Porter, President and CEO of Lysander stated, "We believe our shareholders will find their shares in Lorraine Copper to have good prospects. Lorraine Copper should have critical mass and be focused on a single property. We expect it will win growing recognition by the market." Mr. Porter stated that the outlook for Lysander is positive. An active future is planned. It will seek both new opportunities and to develop the potential of its property interests in areas close to the Lorraine-Jajay Property. Following the transfer of $150,000 of funds to Lorraine Copper, Lysander will have approximately $850,000 of working capital. Mr. Porter pointed out that Lysander is retaining more net interests in mineral claims in the general area of Lorraine-Jajay Property than it will transfer to Lorraine. In particular, the Pinchi property, with 73 mineral claims, is believed to include a significant section to the north and west of the Lorraine-Jajay Property of the prospective, highly-altered Duckling Creek complex; while the Descend property is believed to cover a further northwest extension of that complex. Lysander is also retaining the Osilinka/CAT gold/copper prospect. This prospect is subject to an earn-in (for a 50% interest) by a junior company under an option agreement. Drilling results from the 2007 program are awaited. On behalf of the Board, Bryce M.A. Porter President and CEO About Lysander: Lysander's major land position in the Omineca Mining District of British Columbia consists of four projects: Jajay, Osilinka, Pinchi and Descend. The properties lie within the Quesnel Terrane which, with its extensions, hosts significant mines and projects. There is considerable interest in the area, from the Kemess mine to the north of the Company's holdings, through Serengeti's Kwanika project to the south and, further south, the Mt. Milligan project. The Company holds a large strategic land position within this promising area. Osilinka Project: The CAT property was purchased by Lysander from BP Resources Canada in 1992 and forms the nucleus of the Osilinka Project (9,002 hectares, 100% Lysander). The CAT property was first recognized by Dr. Stan Hoffman and has a similar geological setting and style of mineralization to Mt. Milligan, another Hoffman discovery. Lysander recently completed an option agreement with Cadillac Mining Corporation on this project. (see news release dated October 15, 2007). Jajay Project: The Jajay Project (30,500 hectares) was assembled in the early to mid-90's with the purchase by Lysander of the Lorraine, Boot Steele, Dorothy and Steelhead properties and a major staking program. The project lies adjacent and to the south of Osilinka. Acquisition of the claims comprising the Jajay Project was based on consideration of major rift-related structures and strong alkalic alteration with accompanying copper and gold occurrence in the Duckling Creek Complex (DCC). A 50:50 joint venture was formed with Eastfield Resources Ltd. prior to completing an option agreement with Teck Cominco in 2005, under which Teck Cominco is the operator on the project. Additional lands were added on the western boundary in 2006. Lysander will shortly seek shareholder approval of a Plan of Arrangement under which the Jajay Project interest will be spun-off and combined with Eastfield's interest in Jajay within a new public company. Pinchi Project: The Pinchi Project (36,646 hectares, 100% Lysander) lies adjacent and to the west of Osilinka and Jajay. It encompasses the strong NW trending rift-related faults (Western and Central faults) which show evidence of strong alkalic alteration and mineralization. The lands also cover the junction of the Pinchi and Ha Ha faults, where a strong magnetic anomaly is associated with altered DCC. Lysander completed an option agreement with Teck Cominco on this project. (see February 20, 2007 news release) Serengeti Resources Inc.'s (TSX-V: SIR) Osilinka block of claims is adjacent to the south. Descend Project: The Descend Project, comprised of the Bill 1-19 claims (7,885 hectares, 100% Lysander), was added to incorporate the north-west end of the DCC. For further information please contact Larry Myles, Shareholder Communications at 604-408-7600 and visit the Company's website at www.lysandercorp.com. 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.

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