Calgary, Alberta - Longford Energy Inc. (“Longford” or “the Company”) (TSX Venture Exchange: LFD) announces today that the Company has closed its previously announced sale of Canadian oil and gas properties to Stetson Oil & Gas Ltd. (“Steston”) (TSXV: SSN) for a purchase price of $425,000 (the “Transaction”) (See News Release dated September 21, 2009). Pursuant to the Transaction, Stetson will acquire Canadian oil and gas properties from Longford for a purchase price of $425,000 effective November 15, 2009. The properties are situated in the Lashburn area of Saskatchewan and the Brazeau and Alder Flats areas of Alberta. Total combined net production from these properties is approximately 45 boepd. As part of the Transaction, Stetson will assume abandonment liabilities on two wells and an oil battery located at Alder Flats.