G11 RESOURCES LIMITED — Capital/Financing Update 2011

Feb 8, 2011

ASX and Media Release

9 February 2011

==> picture [595 x 60] intentionally omitted <==

Encouraging diamond drilling results at Lawson Gold Project, Western Australia

• Lawson Prospect diamond drilling assays: : High grade intersection 3m @ 37.2 g/t Au & broad zone of mineralisation 12m @ 1.1 g/t Au

Fast Facts

Share Code ASX:LSN Shares on Issue 24.9 million Options 0.9 million Fully Diluted 25.8 million Debt nil Market Cap A$6 million

• Gold mineralisation similar to the nearby Kanowna Belle and Gordon - Sirdar gold mines.

• Results provide encouragement for ongoing exploration at the Lawsons Prospect and along a target* zone extending ~2km north to the Tyrells Prospect.

• Follow-up RC &/or diamond drilling is expected late in the June quarter.

Directors & Management

David Hillier Chairman David Turvey Director Peter Watson N E Director Donald Stephens Co. Secretary

Top Shareholders

JP Morgan Nominees 13.6% John Nyvlt 10.0% First Samuel 7.0% Ferraus Limited 6.0%

Lawson Gold (ASX:LSN) has received encouraging assays from three diamond core holes (342 metres) drilled during December 2010 at the Lawson Gold Project approximately 20km north of Kanowna near Kalgoorlie, Western Australia.

The focus was on reconfirming the geology and mineralisation style/s associated with highly anomalous gold values reported from historic[1] rotary air blast (RAB) and reverse circulation (RC) drilling at the Lawsons and Tyrells Prospects.

Project Location

• *45 km NE of Kalgoorlie

• *20 km N of Kanowna

• *4 km W of Silver Swan

• 25 km from Paddington

Lawson Gold Project

The gold mineralisation observed in diamond drill hole LWD002 is similar in style to the Gordon–Sirdar mine (7.5km southeast) and “world-class” Kanowna Belle mine ( ~20km to the south).

Significant assays in drill hole LWD002 include 3 metres @ 37.2 g/t gold (from approximately 45m depth) hosted in quartz veined & brecciated coarse grained volcanoclastic rocks and 12 metres @ 1.1g/t (~60m depth) in strongly altered (silicified), quartz veined feldspar porphyry (refer figures 2, 4, 5 & 6).

The coarse grained volcanoclastic and feldspar porphyry are hard and brittle rock types that fracture rather than bend or slip when subjected to faulting (shearing) and mineralising fluids. As such, these rock types create permeable and reactive sites for concentration of gold mineralisation. These geological criteria will be used as part of a geological model to direct and focus follow-up exploration.

Mineralisation intersected in diamond drill hole LWD001 at the Lawsons Prospect includes 3 metres @ 1.8g/t gold (~40m depth), which is interpreted to be supergene enrichment within the weathered profile adjacent to the main mineralised zone (fault/shear structure & feldspar porphyry, refer Figures 2 & 3).

• Land package 48sqkm

• Diamond drilling completed at Lawsons & Tyrells Prospects * Planned March quarter: Mapping & soil sampling Geophysics Interpretation Drill target prioritisation RAB drilling, possibly April

Further Information

David Hillier +61 8 8418 8541 David Turvey +61 8 8418 8568

Simon Jemison +61 3 9224 5319 c/. Collins Street Media

1 Previous gold exploration conducted by Mt Kersey Mining & NiQuest Limited and reported in the Lawson Gold Prospectus dated 28 June 2010.

Mineralisation intersected in diamond drill hole LWD001 at the Lawsons Prospect includes 3 metres @ 1.8g/t gold (~40m depth), which is interpreted to be supergene enrichment within the weathered profile adjacent to the main mineralised zone (fault/shear structure & feldspar porphyry – refer Figures 2 & 3).

It would appear this hole was drilled “roughly down dip” and therefore sub-parallel to prospective rock contacts and mineralised faults structures. As such, the high-grade intersection recorded in previous[1 ] drilling (5m @ 18.2g/t Au) is interpreted to relate to a narrow, high-grade quartz vein (3-10cm width) within the footwall to the main mineralisation that has been preferentially sampled to give a biased width intersection.

At the Tyrells Prospect, diamond drill hole LWD003 intersected 3 metres @ 1.7g/t gold (~48m depth) occurring in sheared and strongly carbonate altered mafic volcanic rocks. This gold mineralisation is interpreted to be associated with a shear zone (fault structure) containing small quartz feldspar porphyry intrusive rocks (observed in nearby drill holes). This mineralisation style is similar to gold mineralisation at the nearby Mulgarrie, historic mining centres located ~ 18km west of the Lawson Gold Project..

These positive results provide the Company with encouragement, direction and focus for ongoing detailed gold exploration at the Lawsons Prospect and along a target* zone extending ~2km north to the Tyrells Prospect

Geological interpretation of the diamond drilling results is underway to establish exploration criteria (ie. favourable host rock types, faults & shear structures etc) in an attempt to define the location, size & grade of priority targets at the Lawsons & Tyrells Prospects and within the adjoining ~2km target zone.

"We are looking for a Kanowna Belle Mark II which may start at 50-75metres depth. With a targeted programme we can look at more precise drilling and therefore we may just look at doing 5-10 RC holes with diamond core tails at any one time. So it can be a very cost effective risk/reward scenario" said David Turvey, Executive Director

Table 1: Summary Assay Results – Diamond Core Drilling, Lawson Gold Project WA

Diamond Drill Hole	Sample Interval (metres)	Gold Assay (>/=0.1g/tAu)	Composite Gold Assay (metres @ g/tAu)*
LWD001	43-44	3.82	3m @ 1.81 g/t Au
	44-45	0.81
	45-46	0.79
	48-49	0.30	4m@ 0.34 g/t Au
	50-51	0.33
	51-52	0.68
	63-64	0.25	4m @ 0.24g/t Au
	64-65	0.16
	65-66	0.17
	66-67	0.27
LWD002	33-34	0.11	1m @ 0.11 g/t Au
	46-47	0.64	1m@ 0.64g/tAu
	47-48	51.75	3m @ 37.22 g/t Au
	48-49	8.56
	49-50	51.35
	51-52	0.15	1m@ 0.15 g/tAu
	54-55	1.09	1m @ 1.09 g/t Au
	60-61	0.29	1m @ 0.29 g/t Au
	63-64	2.04	12m @ 1.06 g/t Au Including 2m @ 2.49 g/t Au & 2m @ 1.09 g/t Au Continued overpage
	64-65	2.94
	69-70	0.12
	72-73	0.12
	73-74	0.70
	74-75	1.48

LWD002	81-82	0.41	8m @ 0.50 g/t Au
	82-83	1.42
	83-84	0.11
	85-86	0.24
	86-87	0.54
	87-88	0.69
	88-89	0.49
LWD003	52-53	0.28	1m @ 0.28 g/t Au
	53-54	2.58	3m @ 1.74 g/t Au
	54-55	1.60
	55-56	1.03
	56-57	0.13	1m@ 0.13 g/tAu
Sampling Method & Percentage Sampled	One metre intervals of sawn/split 1/2 HQ3 drill core 206 x 1m samples taken from 342m drilled=60% sampling ratio
Gold Assay Method and % Anomalous GoldAssays	Genalysis Laboratory using 50g fire assay & AAS finish 206 assays with 36 assays containing >/= 0.1 g/t Au = 17% * Rounding errorsmay occur incomposite assays

About Lawson Gold Limited:

Kanowna district-focused Lawson Gold listed via a $4.7 million IPO in August 2010 with plans to advance gold exploration on tenements located approximately 20kms north of Barrick Gold’s 280,000 oz pa Kanowna Belle gold mine.

The Lawson Gold Project area covers an 8km strike length of Archaean ultramafic, mafic, intermediate volcanoclastic and sedimentary rock stratigraphy. Current work is focused on systematic gold exploration of all tenements in order to rapidly evaluate the potential of the project area to contain a significant gold deposit* (nominally >500,000 ounces). Exploration methods include surface soil sampling, geological mapping and sampling , RAB drilling and RC & Diamond drilling.

Annual exploration budget is minimum $800,000 to maximum $1,400,000 during the 2010-2011 field season and, based on success, an exploration budget of minimum $1,200,000 to maximum $2,200,000 during the 2011-2012 field season.

(refer Lawson Gold Limited’s prospectus dated June 2010 available at its website www.lawsongold.com)

Past Exploration

Despite numerous gold discoveries in the region in the 1800s and early 1900’s, the initial discovery hole for the Kanowna Belle gold deposit was not drilled until 1989 and the first resource estimate was announced in 1991.

At the Lawson Gold project area, there has been no comprehensive systematic gold-focused exploration.

Previous work by Mt Kersey Mining (1990-99) and Mithril Resources (2005-09) focused predominantly on nickel. Often gold analysis was limited to bottom of hole samples which can underestimate or overlook gold potential.

The best gold intersection reported by Mt Kersey of 4m @ 8.58g/t Au was from 44m depth. Of five shallow holes drilled by NiQuest Limited in 2004-5 (now Ferraus Limited), four drill holes returned anomalous gold and in hole ESR054 the last 5 metres in a 77 metre deep hole returned 18.22 g/t gold before drilling stopped.

Further information:

David Hillier (Chairman) on 08 8418 8541 or 0408 236 408 David Turvey (Executive Director) on 08 8418 8656 or 0416 119 583

Media enquiries to:

Simon Jemison – Collins Street Media on 03 9224 5319 or 0408 004 848

Competent Persons Statement:

The exploration results reported here are based on information compiled by David Turvey (BSc. Hons) who is a member of the Australian Institute of Mining and Metallurgy, and who is a Director of Lawson Gold Limited. He has sufficient experience relevant to the style of mineralisation and the type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, The JORC Code 2004 Edition”. He consents to the inclusion in this announcement on the information compiled by him in the form and context in which it appears.

• Lawson Gold Limited has not yet reported Mineral Resources from exploration of targets or named prospects on its project area. While the company remains optimistic it will report resources in the future, any discussion in relation to exploration potential or targets or potential gold mineralisation is only conceptual in nature and it is uncertain if further exploration will result in determination of a Mineral Resource.

This release may include forward‐looking statements that are based on management’s expectations and beliefs concerning future events. Forward‐looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Lawson Gold Limited, that could cause actual results to differ materially from such statements. Lawson Gold Limited makes no undertaking to subsequently update or revise the forward‐looking statements made in this release to reflect events or circumstances after the date of this release.

==> picture [520 x 585] intentionally omitted <==

Figure 1: Location Plan and Geological Interpretation: Lawson Gold Project, Western Australia.

==> picture [485 x 648] intentionally omitted <==

Figure 2: Drill Hole Location Plan and Geological Interpretation: Lawsons Prospect

==> picture [495 x 522] intentionally omitted <==

Figure 3: Geological Cross Section & Gold Intersections: Diamond Drill Hole LWD001, Lawsons Prospect

==> picture [530 x 588] intentionally omitted <==

Figure 4: Geological Cross Section & Gold Intersections: Diamond Drill Hole LWD002, Lawsons Prospect

==> picture [394 x 295] intentionally omitted <==

Figure 5: Diamond Drill Core LWD002 (44.5-52m) = altered, brecciated & quartz veined volcanoclastics Gold Intersection (47-50m)= 3 metres @ 37.2g/t Au

==> picture [277 x 370] intentionally omitted <==

Figure 6: Diamond Drill Core LWD002 (47.0-47.2m) = altered, brecciated and quartz veined volcanoclastics

==> picture [494 x 633] intentionally omitted <==

Figure 7: Drill Hole Location Plan and Geological Interpretation: Tyrells Prospect

==> picture [487 x 520] intentionally omitted <==

Figure 8: Geological Cross Section & Gold Intersections: Diamond Drill Hole LWD003, Tyrells Prospect