Longford Energy Announces Financing With Significant Investor

CALGARY, ALBERTA--(Marketwire - March 25, 2010) -

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Longford Energy Inc. ("Longford" or the "Company") (TSX VENTURE:LFD) is pleased to announce that it has entered into a subscription agreement with Quantum Partners Ltd., a private investment fund managed by Soros Fund Management LLC, ("Quantum") whereby Quantum has agreed to purchase 19,000,000 units of the Company at a price of $0.30 per unit ("Unit") for total gross proceeds of $5,700,000 (the "Offering"). Each Unit will be comprised of one common share and one-half of one share purchase warrant, with each share purchase warrant entitling the holder thereof to acquire one Longford common share at a price of $0.65 for a period of 18 months following closing.

Upon completion of the Offering, Quantum will hold approximately 14% of the issued and outstanding common shares of the Company.

The Company intends to use the net proceeds from the financing to further the exploration and development of the Chia Surkh block in the Kurdistan Region of Iraq and for general corporate purposes.

If the closing price of the common shares of the Company on the TSX Venture Exchange is greater than $1.00 for 20 or more consecutive trading days, the Company may give notice to the holders of the share purchase warrants that the expiry date for exercise of the share purchase warrants has been accelerated and the share purchase warrants will expire on the 20th calendar day following the date such notice is mailed.

The common shares, share purchase warrants and the common shares issuable upon the exercise of the share purchase warrants will be subject to a hold period of four months plus one day pursuant to applicable securities legislation. The Offering is expected to close on or about March 29, 2010. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Longford Energy Inc.

Longford Energy Inc., is a junior Canadian oil and gas exploration and production company. Longford has acquired a significant interest in the Chia Surkh Block Production Sharing Contract in the Kurdistan Region – Iraq. The Block offers a field development opportunity and multiple exploration prospects.