Longford Energy Inc. - Announces Financing with Significant Investor

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Calgary, Alberta – Longford Energy Inc. (“Longford” or the “Company”) (TSX-V: 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.