Lysander Minerals Corporation - News Releases - Shareholders Approve Ukraine Acquisition

	Thu Oct 1, 2009 Shareholders Approve Ukraine Acquisition
	Vancouver, Canada - Lysander Minerals Corporation (TSXV: LYM) (the "Company") is pleased to announce that, at the Annual and Special General Meeting held on September 30, its shareholders approved the acquisition by the Company of all of the shares of Ukraine Energy Limited which holds a controlling interest in Skhidna Vugilna Kompania ("East Coal") of Ukraine. Subject to final approval by regulatory authorities, the Company now intends to exercise the options it holds to acquire 100% of East Coal. East Coal holds the Verticalnaya anthracite mine in the Donbass coal basin in the south-east of Ukraine. Upon completion of the acquisition, the Company intends to advance the commercial development of the mine. The Verticalnaya mine has considerable assets and infrastructure; mine management and an initial work force are in place; and mine planning, permits and licenses are substantially complete. A NI 43-101 technical report completed in September 2008 projects that production should increase in stages, as longwalls are developed, to exceed 3 million tonnes of saleable anthracite per year. Average operating cost was projected to be US$31/tonne and the net present value, discounted at 12%, was projected to be US$352 million. The report is available on SEDAR at www.sedar.com and the Company's website at www.lysanderminerals.com. On behalf of the Board, Bryce M.A. Porter President and CEO About Lysander Since the spin-out of its Lorraine-Jajay copper-gold project to Lorraine Copper Corp. (TSX-V: LLC) in April 2008, Lysander's declared strategy is to seek advanced resource projects with potential for exceptional returns, without geographical limitations. It has focused on energy, commencing with options to acquire the Verticalnaya anthracite coal project in the Donbass Coal Basin of Ukraine. In September 2008, a NI 43-101 technical report on the Verticalnaya mine was prepared on behalf of Lysander. A technical report on a possible satellite operation north of Verticalnaya mine is currently in preparation. The Verticalnaya coal mine is situated in the Lugansk region of Ukraine. The mine previously produced anthracite, a high quality, premium priced coal. It is on care and maintenance after a period of low production following the break-down of the Soviet Union. Please visit our website at www.lysanderminerals.com for further information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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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