FerrAus Limited (ASX:FRS) Successful Completion Of The Lawson Gold (ASX:LSN) Offer

Perth, July 27, 2010 AEST (ABN Newswire) - FerrAus Limited (ASX:FRS) (PINK:FRRAF) and the Directors of Lawson Gold Limited (ASX:LSN) are pleased to announce the completion of the Lawson Gold Offer. As a result of the Offer, Lawson Gold has successfully raised approximately A$4.7 million at A$0.20 per share, well above the minimum raise level of A$3m, which will result in the issue of around 23.4 million shares.

The Offer has been well supported by both FerrAus shareholders and new investors, in difficult market conditions. This includes the directors of both Lawson Gold and FerrAus, who have between them subscribed approximately A$1.2 million to the Company.

Upon listing, Lawson Gold will have a significant cash balance of more than A$4.3 million, representing a cash backing of more than 17 cents per share. This substantial cash balance will provide the means to continue to fund an aggressive drilling campaign that is already underway at its Lawson Gold Project, located within the world famous Kalgoorlie Goldfields Region. An initial round of reconnaissance RAB drilling, with the objective of following up anomalous gold values from previous soil sampling, has been completed. Assay results of this RAB drilling program are pending.

Updated Timetable

With the completion of the Offer, the revised timetable for the Lawson Gold IPO is shown below.

Allotment of Shares      Monday 26 July 2010--------------------------------------------Dispatch of ShareholderStatements               Thursday 29 July 2010----------------------------------------------Trading of Shares tocommence on ASX          Thursday 5 August 2010 (11:00am CST)-------------------------------------------------------------

Given the strong financial position of Lawson Gold and the ongoing work at the Project, the Directors consider that the Company represents an exciting investment opportunity in a record gold price environment, and they look forward to sharing in future success with the new shareholders of Lawson Gold.

Contact

Investor / Media Contact Gareth Widger FerrAus Limited Tel: +61-8-9474-3770 Mob: +61-4-1991-8272 www.ferraus.com