Miley Cyrus Is Not Engaged

01/16/2010 at 03:20 PM EST

Miley Cyrus Is Not Engaged
Liam Hemsworth and Miley Cyrus

Miley Cyrus

Miley Cyrus

Don't expect Miley Cyrus to be walking down the aisle anytime soon.

"Miley's not engaged," her rep tells PEOPLE, after the Hannah Montana star, 17, was caught stepping out in L.A. on Thursday wearing a sparkly ring on her left hand.

Rumors immediately began to spread that she and her 19-year-old Australian boyfriend and Last Song costar, Liam Hemsworth, may be getting married.

Though the singer will be leaving her hit Disney Channel TV show next year, Cyrus begins production on the last season Monday and is not committing to have a plus one for life yet.

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