Lero Completes 1,879m Diamond Drilling at the Karchiga VMS Project, North East Kazakhstan

LONDON, UNITED KINGDOM (TSX VENTURE: LER) announces the completion of 1,879m (21 holes) of diamond drilling at its Karchiga volcanogenic massive sulphide project in Kazakhstan.

Both infill drill holes on the known zones and exploration drill holes to expand the known mineralisation were completed during Q4 2007. Samples have been submitted to the laboratory for analysis and results will be released once all have been received. An additional 600m of drilling, to complete the budgeted 2,500m programme, will be completed during Q2 2008.

President and CEO of Lero, Nick Clarke commented:

"On receipt of assay results, Lero will commence modelling and re-interpretation of the mineralised zones to calculate a 43-101 compliant inferred resource. Results are also expected to validate historic results from the Karchiga central zone and to test the lesser explored Karchiga North East."

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. In July, 2006 Oriel Resources Plc completed its previously announced transfer and sale of its gold related assets into Lero Gold Corporation ('Lero') (formerly ELE Capital Corporation - 'ELE'). Lero resumed trading on TSX Venture Exchange (TSX-V) on Thursday July 27, 2006 under the trading symbol "LER". Lero Gold is currently seeking and evaluating advanced exploration stage gold and base metal projects in Kazakhstan, Kyrgyzstan and Russia. The Company is currently exploring advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic and Kazakhstan.

2. All work carried out on site was reviewed by Matthew Boyes (Senior Geologist and a Qualified Person under National Instrument 43-101). Assays are conducted at the internationally certified Alex Stewart Lab in Ust-Kamenogorsk, Kazakhstan. Lero Gold Corporation operates a stringent QA/QC policy that includes external certified standard samples and blanks in each individual batch sent for analysis.

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

Contacts: Lero Gold Corporation Nick Clarke President & CEO +44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas Marketing and PR +44 (0) 20 7514 0590 Email: info@lerogold.com Website: www.lerogold.com Vanguard Shareholder Solutions Keith Schaefer (604) 608-0824 Bankside Consultants Michael Padley / Michael Spriggs +44 (0) 20 7367 8888

Lero Gold Corp (TSXV:LER)
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