Lihir Gold Ltd (TSX: LGG)(ASX: LGL)(NASDAQ: LIHR) ("LGL") ("the Company") is pleased to announce the release of its financial results for the three and six month periods ended June 30, 2009. Summary: - Record underlying profit(i) of US$154.9 million, up 130% from $67.4 million in the prior corresponding period. - Mine EBITDA increased by 141% to $330.4 million, from $136.8 million in the six months to June 30, 2008. - A one-off charge of $409.1 million, after-tax, associated with the write down of the Ballarat assets, reduced net profit after tax to a loss of $300.9 million, compared with a profit of $36.5 million in the six months to June 30, 2008. - Operating cash flow of $258.9 million, up 528% from $41.2 million in the prior June half. - Total cash costs down 20% compared with the prior June half, at $350/oz. - $340.9 million equity raising successfully completed in the half year. Very strong balance sheet with net cash of $488.8 million at June 30, up $424.1 million in the half, and no debt. - Former Equigold gold hedge book closed during the half year, leaving LGL with no gold hedging. - Measured & Indicated Resources at Lihir Island increased 31% to 43 million ounces. - Inferred Resources increased 62% to 5.5 million ounces. - Measured & Indicated Resources in Cote d'Ivoire increased 22% to 1.7 million ounces. - Inferred Resources lifted 28% to 784,000 ounces. - 12 million man-hours without a lost-time injury achieved at Lihir Island operations. Outlook - Group production guidance maintained at 1-1.2 million ounces for the full year. - Total cash costs per ounce for the full year expected to be below $400/oz. (i)Profit after tax before non-cash hedging losses and non-recurring items. Documents providing further detail relating to these results, including the "LGL Half Year Report," the "LGL Appendices 4D and Financial Report for the half-year ending June 30, 2009," the "2009 HY Profit Presentation," and the "LGL Resource Statement" will be available on SEDAR shortly at (http://www.sedar.com) and on the Company's website: www.LGLgold.com. Also, a recording of the Company's discussion of these results is available on LGL's website.

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