Richmont Reaches Half Way Point in ''Initial Commitment Period''; Mine Rehabilitation Nearly Complete and Exploration Efforts to Commence in May

LKA International, Inc. (OTCBB:LKAI) reports that Golden Wonder Mine operator, Richmont Mines Inc. (AMEX:RIC) is close to completing rehabilitation work required to bring the Golden Wonder back into compliance with federal and state regulatory requirements. Richmont anticipates this rehab work will be completed during May and exploratory efforts to identify a new production zone(s) will commence immediately thereafter. Richmont notified LKA in December, 2007 of its intention to proceed with a nine-month, $3 million "Initial Commitment" toward the acquisition of a 50% stake in LKA's Golden Wonder Mine. A total of $18 million will be required over a sixty-four month period for Richmont to...

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