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Linc Energy Coal Sales Update

Linc Energy Ltd (LNC) (OTCQX: LNCGY) has become aware of further media and market speculation this morning as a consequence of articles published in today’s Australian, The Age and Sydney Morning Herald newspapers regarding an impending sale of one of Linc Energy’s non-core assets in Queensland to Adani Enterprises. As previously announced, Linc Energy remains in detailed negotiations with a number of parties in relation to the sale of its non-core Queensland coal tenements. We confirm that Adani Enterprises is one of those parties. These negotiations remain commercial in confidence and, whilst very well advanced, no concluded contract terms have been agreed with any party as at the time of this announcement. Linc Energy will immediately advise the market should this position change. Peter Bond Chief Executive Officer Information for Media: Greg Meyer Media Manager Phone: +61 7 3229 0800 E-mail: ASX Contact: Craig Ricato Company Secretary Phone: +61 7 3229 0800 E-mail: Information for Investors: Anton Rohner Chief Financial Officer Phone: +61 7 3229 0800 E-mail: Linc Energy is an innovative, forward-thinking company developing a significant energy business based on the production of cleaner energy solutions. Linc Energy has successfully combined two known technologies, Underground Coal Gasification (UCG) and Gas to Liquids (GTL) and has demonstrated its vision of being a leading supplier of a new source of cleaner liquid transport fuels for the future. UCG technology provides access to coal, deep underground and by in-situ gasification produces a high quality synthesis gas (syngas) containing carbon monoxide and hydrogen. Aboveground, in the GTL process, syngas is processed via Fischer-Tropsch technology to produce high quality, sulphur free synthetic hydrocarbons. Linc Energy plans to combine its UCG and GTL technologies commercially at sites in Australia and around the globe as it realizes its vision of becoming the world’s leader in providing cleaner synthetic diesel and jet fuels from stranded coal resources. UCG produced syngas can also be used as a feedstock to generate gas turbine combined cycle power, resulting in reduced greenhouse gas emissions. With significant coal deposits suitable for UCG technology, Linc Energy can provide alternative sources of liquid fuels and power generation well into the foreseeable future. Linc Energy represents a new future for liquid fuels production and high efficiency energy generation.