Lachlan Star Provides Update on Non-Brokered Private Placement

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PERTH, WESTERN AUSTRALIA -- (Marketwired - June 17, 2013) - Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (ASX:LSA)(TSX:LSA) announces that the remaining subscriber of the previously announced non-brokered private placement has failed to provide funding in accordance with the previously announced closing date of 14 June.

The Company continues to be in discussion with the subscriber and has not released that subscriber of its obligations to fund as per the binding subscription agreement.

The Company also advises that until the subscriber substantially completes on its funding obligation, the corporate office will remain in Perth and the previously announced management changes will not occur.

To view the full announcement please click the link below: http://www.lachlanstar.com.au/images/130617_LSA_Private_Placement_News_Release.pdf

ABN: 88 000 759 535



Contact

Lachlan Star Limited
Sarah Beardmore
+61(8) 9481 6006
sarah.beardmore@lachlanstar.com.au
www.lachlanstar.com.au