LNG Energy Ltd. ("LNG" or the "Company") (TSX Venture -- LNG) is pleased to announce that it has closed its previously announced acquisition of Kunagu Real Estate S.A. ("Kunagu").

As a result, LNG has increased its ownership from a 12% to 20% net interest in a shale gas exploration project in Poland. The remaining 80% of the project is held by Sorgenia E&P S.p.A. (27%), Rohol-Aufsuchungs Aktiengesellschaft (26%) and BKX International Holdings Inc. (27%). LNG has also increased its ownership from 60% to 100% of BWB Exploration, LLC, which holds approximately 2,800 acres of oil and gas leases in Carter County, Oklahoma and an estimated 65,000 acres of leases in the Black Warrior Basin of Mississippi and Alabama.
For additional details regarding LNG's acquisition of Kunagu, please refer to LNG's news release of 26 March 2010.

LNG Energy Ltd. is a Canadian oil & gas exploration and development company focused on developing oil and gas reserves in Papua New Guinea ("PNG"), the US and Poland. LNG has assembled a significant portfolio of acreage in Papua New Guinea ("PNG") holding a 100% interest in approximately 5.5 million acres of prospective oil and natural gas properties and through its 100% interest in BWB Exploration, LLC ("BWB") holds approximately 2,800 acres of oil and gas leases in Carter County, Oklahoma and an estimated 65,000 acres of leases in the Black Warrior Basin of Mississippi and Alabama. LNG also holds a 20% net interest in a shale gas exploration project in Poland. LNG shares are traded on the Toronto Stock Exchange -Venture under the symbol "LNG".