Lysander Minerals Corporation - News Releases - Ukraine Registration Process Complete

Tue Dec 8, 2009
Ukraine Registration Process Complete

Vancouver, Canada - Lysander Minerals Corporation (TSX-V: LYM) ("Lysander") is pleased to announce that, as the registration in Ukraine of changes in ownership has been completed, the long process of acquiring 100% control of the Verticalnaya anthracite mine in Ukraine is now complete. Lysander is now the registered owner of the companies controlling the mine and is assuming direction of activities on site.

The Verticalnaya mine has been on care and maintenance. It has management and an initial work force. Lysander will now press ahead with preparatory work in advance of construction and reactivation activities which are planned to commence in the first half of 2010.

The acquisition was approved by shareholders on September 30, 2009 and final approval of the TSX-V was granted on December 4, 2009.

On behalf of the Board,

Bryce M.A. Porter
President and CEO

About Lysander

The Company's strategy is to seek advanced resource projects with potential for exceptional returns, without geographical limitations. It has focused on coal commencing with the Verticalnaya anthracite coal project in the Donbass Coal Basin of Ukraine.

A NI 43-101 technical report on the Verticalnaya mine is available on SEDAR (www.sedar.com) and the Company's website. Reserves and resources were as under-noted:

Proven reserves	16,200,000 tonnes
Probable reserves	11,000,000 tonnes
Measured resources	57,300,000 tonnes
Indicated resources	18,900,000 tonnes
Total resources	76,200,000 tonnes

Note: Resources are inclusive of reserves.

The Company is also investigating a possible satellite operation north of Verticalnaya mine.

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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