Lysander Minerals Corporation - News Releases - Ukraine Coal PLC Shareholdings

	Thu Dec 3, 2009 Ukraine Coal PLC Shareholdings
	National Instrument 62-103 Report Disclosure Ukraine Coal Plc ("Ukraine Coal") of 55/56 St. James's Street, London, United Kingdom, has received 22,000,000 common shares of Lysander Minerals Corporation (TSX-V: LYM) ("Lysander") in exchange for its 100% interest in Ukraine Energy Limited ("UEL") of Ukraine. UEL has a 51% interest in Skhidna Vugilna Kompania ("East Coal") which owns the Verticalnaya anthracite mine in Ukraine. A royalty of US$1 per tonne sold will be payable by UEL to Ukraine Coal from its share of future distributions of profit by East Coal. Ukraine Coal owns 22,000,000 common shares of Lysander, representing approximately 31.4% of the issued and outstanding shares of the company. The common shares are held in escrow pursuant to the terms of an escrow agreement dated November 26, 2009, per TSX Venture Exchange Policy 5.4. Under the terms of the escrow agreement, the common shares will be released according to a schedule over a period of 36 months. On behalf of the Board, Bryce M.A. Porter President and CEO 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 release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

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