Lake Victoria Mining Company Completes a Binding

Lake Victoria Mining Company, Inc. ( "LVCA") (OTCBB: LVCA) and Kilimanjaro Mining Company Inc. ( "Kilimanjaro"), a private U.S. company, which announced that they are happy to have entered into a Binding Letter Agreement (the "bla") akan LVCA where to obtain one hundred percent in Kilimanjaro in accordance with the implementation of the definitive share exchange agreement (the "Definitive Agreement").

Kilimanjaro is to explore and develop gold, uranium and strategic metal resources in Tanzania, East Africa. Kilimanjaro complete new Property Acquisition Agreement with Geo Can Resources Company Limited ( "Geo Can") of the United Republic of Tanzania. According to the provisions of the Agreement Kilimanjaro acquired 100% of the mineral asset owned by Geo Can. The acquisition includes nine separate gold project area which consists of more than 40 unique search license separate uranium and six project areas that consist of more than 14 unique license search.

According to the provisions of the bla, with 1 July 2009, LVCA Kilimanjaro and completed the Share Exchange Agreement (the "Definitive Agreement") which LVCA akan problems, limited LVCA common stock in exchange of new and / or the Kilimanjaro common stock. The exact number of shares that will be published LVCA Kilimanjaro to shareholders and stock exchange ratio will be determined by the Exchange Schedule Accepted in bla.

Agreement that the property has been entered into with Geo Can LVCA (Indonesia) and the commitment associated with this agreement will include certain Agreement between LVCA and Kilimanjaro.

After the implementation of the Agreement is for sure, will return to Kilimanjaro LVCA total 9,350,300 LVCA shares will be canceled and LVCA stocks caused by the Geo Can not issued but will be forgiven.

Dr. Roger A. Newell, LVCA President, commented, "a Binding Letter Agreement with the Kilimanjaro represents a big step for both companies and will provide an opportunity to capitalize on the mineral wealth of Indonesia. I believe we add significant value and benefit for the combination of both shareholders and LVCA Kilimanjaro, and I looked forward to completing the Agreement on the date that early. "

Closing will be subject to several conditions, including both parties mutually agreed to end certain Agreement executed public that includes bla this is by 1 July 2009 and satisfaction of the terms and conditions that will set in; agreement by Kilimanjaro and LVCA schedule agreed to share exchange ratio; complete all necessary legal, financial and technical due diligence review and the receipt of all necessary approvals and agreements, including the board, the rules and approval of its shareholders; obtain approval, with signature, a certain percentage of the Agreement by a majority (more than 50%) of the shareholders Kilimanjaro .
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