Lero Gold Corp.: Shareholders Approve Transaction with European Minerals Corporation

LONDON, UNITED KINGDOM--(Marketwire - June 12, 2008) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN THE UK AND IN CANADA ONLY AND IS NOT INTENDED FOR PUBLICATION, RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN, SOUTH AFRICA, THE RUSSIAN FEDERATION, OR THE UNITED STATES OF AMERICA.

Lero Gold Corp. ("Lero") (TSX VENTURE: LER.V) is pleased to announce that its shareholders have unanimously approved the plan of arrangement transaction with European Minerals Corporation ("EMC") at Lero's reconvened shareholders' meeting held today. Accordingly, an application will be made on Friday, June 13, 2008 for a final order of the Supreme Court of British Columbia to approve the plan of arrangement and business combination with EMC, as required by the British Columbia Business Corporations Act. Subject to the issuance of the final court order, the arrangement transaction is scheduled to close on or about Wednesday, June 18, 2008.

ENDS

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company within the United States. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under 1933 Act and applicable state securities laws or an exemption from such registration is available.

Notes to Editors:

1. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

2. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Dr Sergey V Kurzin
Lero Gold Corp.
Chairman
+44 (0) 20 7514 0590

Dr Alexander Yakubchuk
Lero Gold Corp.
CEO
+44 (0) 20 7514 0590

Gavin Dallas
Lero Gold Corp.
Marketing and PR
+44 (0) 20 7514 0590
Email: info@lerogold.com
Website: www.lerogold.com

Keith Schaefer
Vanguard Shareholder Solutions
(604) 608-0824

Michael Padley / Michael Spriggs
Bankside Consultants
+44 (0) 20 7367 8888