Lero Gold Corp.: Lero Announces Corporate Re-Structuring

The Directors of Lero Gold Corp ("Lero" or "the Company") (TSX VENTURE:LER) are
pleased to announce the appointments of Randy Reichert as Chief Operating
Officer ("COO"), Petro Mychalkiw as Chief Financial Officer ("CFO") and Tania
Tchedaeva as Company Secretary. Their skills and experience gained within the
Former Soviet Union with Oriel Resources plc ("Oriel") will greatly strengthen
the Lero team.


Randy Reichert - COO

Randy will bring a strong operational experience to Lero. Previously, he joined
Oriel as COO in August 2007 and was responsible for organising, controlling and
supervising Oriel's producing and operating assets. Randy was in charge of the
commissioning and operating of the Tikhvin ferrochrome smelter, Russia and
played a significant role in transitioning the smelter from construction to
operation and increasing smelter throughput.


Prior to joining Oriel, Randy spent over five years in Russia with Bema Gold,
now Kinross Gold Corporation. Within those five years Randy held the position of
General Manager, Operations of the Kupol gold mine in Chukotka, Russia and
General Manager for the Julietta gold mine in Magadan, Russia. Canadian-born,
Randy held positions within various mining operations with Cominco Limited, now
TeckCominco, prior to working for Bema Gold. He holds a B.A.Sc (Mining) from
UBC, a M.Sc (Engineering) from Queen's University, and a GDBA from Simon Fraser
University.


Petro Mychalkiw - CFO

Petro will bring strong financial discipline into the Company. In his previous
capacity he joined Oriel in November 2006 as Regional Finance Director,
Kazakhstan. He was responsible for tax planning, contract negotiations and
financial reporting and was a vital part of the team which not only secured
December 2006's US$120m project financing deal for the Voskhod chrome project
with the Eurasian Development Bank, Bayerische Hypo- und Vereinsbank AG and
WestLB AG, but was awarded the prestigious 2006 European Mining Deal of the Year
award from Project Finance Magazine.


Prior to joining Oriel, British-born Petro held the position of Divisional
Finance Director for Tribal Group plc, the LSE listed provider of consulting, IT
and professional support services. As Oriel's Treasurer and Head of Corporate
Finance, Petro was responsible for strategic financial and tax planning,
treasury, mergers and acquisitions, debt and equity financing.


Tania Tchedaeva - Company Secretary

Tania Tchedaeva, a Russian-born British citizen, is a Chartered Company
Secretary and a member of the Institute of Chartered Secretaries and
Administrators (ICSA). She is graduating with Masters in Finance from the London
Business School in July 2008. Tania has been working as Assistant Company
Secretary in Oriel Resources Plc for the past four years and co-ordinated such
transactions as the November 2006 reverse takeover of IPH Polychrom Holdings
B.V, a company whose principal asset was a ferrochrome smelting plant at
Tikhvin, near St Petersburg, Russia and the recent takeover of Oriel by Mechel
OAO which was declared unconditional on 17 April 2008. She has been also working
as part-time Assistant Company Secretary for Lero since its readmission to
trading at the Toronto Venture Stock Exchange in July 2006.


The Directors of Lero further announce that David Swan has submitted his
resignation as CFO and Company Secretary for Lero which has been accepted by the
Board of Directors. David Swan has been working in these positions part time
since the launch of the Company.


Dr Sergey V Kurzin, Chairman of Lero commented:

"The Directors and I would like to welcome Randy, Petro and Tania to the Lero
team and congratulate Tania on her promotion. This is an exciting time for Lero.
These London-based, top management appointments are in line with the Company's
objective to grow Lero into a dynamic, aggressive and recognised gold and base
metals producing, development and exploration company, progressing existing
projects and looking for further acquisitions. The in-country skills and
knowledge that these experienced professionals bring to Lero will be invaluable.


I also wish to thank David Swan for his contributions to Lero and wish him the
best in his future endeavours."


Notes to Editors:

1. Lero Gold Corporation (TSX VENTURE:LER) is a base and precious metal
exploration company led by a senior management team with extensive expertise in
mineral exploration and advanced project management. Lero Gold is currently
seeking and evaluating advanced exploration stage gold and base metal projects
in Kazakhstan and Kyrgyzstan. The Company is currently exploring advanced staged
gold deposits in the Tien Shan gold belt in the Kyrgyz Republic and Rudny Altai
belt in the Republic of Kazakhstan.
Lero Gold Corp (TSXV:LER)
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