RNS Number : 0232H
  Zambezi Resources Ltd
  30 October 2008
   

    30 October 2008
    Zambezi Resources Limited

    Disposal of Investment in Lithic Metals and Energy Limited

    Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX:ZRL) announces that the Company sold its entire holding of
26,633,621 ordinary shares in Lithic Metals and Energy Limited (AIM: LMY) on 28 October 2008 to three of the Directors of Lithic Metals and
Energy Limited and other unrelated parties at the price of �0.005p per share for a total consideration of �133,168.  

    The joint venture agreements that Zambezi has entered into with LMY for ongoing uranium exploration are not affected by the sale of the
investment.



    For Further Information please contact:

 Julian Ford, Managing Director      Simon Edwards / Adam Lloyd 
 Zambezi Resources (Australia)       Evolution Securities Ltd
 +61 (08) 9216 9000                  + 44 20 7071 4300
 +61 (0) 418 949 580

 Fiona Owen 
 Grant Thornton UK LLP
 +44 20 7383 5100





This information is provided by RNS
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