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Luiri Gold Limited Retains First Canadian Capital Corp for Strategic Marketing

Posted on: Tuesday, 12 September 2006, 09:00 CDT

Luiri Gold Limited (TSX VENTURE: LGL) is pleased to announce that it has retained First Canadian Capital Corp. (FCCC) as a consultant to provide strategic marketing and corporate communications. FCCC, based in Toronto and founded ten years ago, is a leading provider of investor relations and market awareness services to public companies in Canada. Under the terms of the agreement, Luiri will pay FCCC C$6,000 per month and grant 300,000 stock options with a strike price of C$0.50. The options will vest according to TSX Venture Exchange policy. First Canadian will assist Luiri Gold in opening productive and continuing dialogue with private investors, analysts, brokers and other financial professionals.

"Luiri Gold has excellent prospects with its large exploration land holdings in Zambia and a defined indicated and inferred gold resource," commented Mike Sperinck, President & CEO, Luiri Gold Limited. "We are confident that First Canadian Capital can help us raise our profile with potential investors and generate greater market understanding of our potential."

"We are excited about becoming part of the Luiri Gold team," commented Daniel Boase, Managing Partner, First Canadian Capital Corp. "The Company's gold-copper projects have great potential and the sheer size of the property and favourable setting of the target areas provide ample opportunity for exploration success. Luiri's experienced management is operating in a Zambian mineral belt known for its historical mineral production, which gives the Company an excellent chance of adding ounces to its pre-existing mineral resource base."

About Luiri Gold

Luiri Gold is an African-focused resource company with a stated strategy of creating shareholder value through the discovery and exploitation of gold and copper-gold ore deposits in Zambia. Luiri Gold's wholly-owned Zambian subsidiary, Luiri Gold Mines Limited holds mineral tenements within southern-central Zambia covering approximately 2,400 km2 of highly prospective exploration ground focused on the historic Dunrobin and Matala gold mines. The Luiri Hill Project is situated approximately 120km west-northwest of the Zambian capital of Lusaka in Zambia's Central Province.

Luiri Gold has been active in Zambia since October 2003 and has conducted two years of exploration on its Zambian tenements, including drill programs that have resulted in an estimated resource of 108,000 ounces of gold in the indicated and 173,000 ounces in the inferred category according to JORC classification (1.6mt @ 2.1g Au/t and 1.3mt @ 4.1g Au/t) (Feb 6, 2006, NI 43-101 Report).

About First Canadian Capital Corp.:

Based in Toronto and in business for over a decade, First Canadian Capital Corp. has assisted numerous North American corporations in gaining exposure and recognition within the global investment community. You may visit First Canadian's website at www.firstcanadiancapital.com.

Statements contained in this release that are not historical facts are "forward-looking statements" and as such are subject to risks and uncertainties which could cause actual developments or results to vary materially from those projected by Management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release, which has been prepared by Management.

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 Contacts: Luiri Gold Michael Sperinck President +61-401-694-322  Luiri Gold Naomi Nemeth Vice President Investor Relations (416) 368-3187, ext 26 Visit the Luiri Gold website: www.luirigold.com

SOURCE: Luiri Gold Limited

Source: MARKET WIRE

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