HollywoodLife.com spoke with an internal source at Lionsgate who told us Miley Cyrus’ upcoming comedy, ‘LOL,’ with Demi Moore is slated to be released next spring!

Demi Moore recently dished about her comedy with Miley Cyrus, LOL, and how it she didn’t know when it was going to be released. “I loved working with (Cyrus) and the director. They just put it on pause because they had another film they were focusing on. It’s a tough thing when you have a movie you’re looking forward to coming out,” she told MTV. However, HollywoodLife.com has exclusive details about when the much-anticipated film is hitting theaters!

“Right now we’re shooting for a spring 2012 release date,” an insider at Lionsgate, the production company creating LOL, told us Oct. 20.

In the film, Miley, 18, plays Lola, who is described as a “teenage Aphrodite, minus the confidence.” She loses her virginity, talks about sex incessantly, smokes marijuana, kisses one of her two best female friends on the lips, gets wasted and accidentally shows her mom, Ann, (Demi) her Brazilian wax.