LNG Energy Ltd.
TSX VENTURE : LNG

LNG Energy Ltd.

September 10, 2008 08:00 ET

LNG Energy Signs LOI For Palo Duro Assets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2008) -

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

LNG Energy Ltd. ("LNG Energy" or the "Company") (TSX VENTURE:LNG) announces that the Company has signed a letter of intent ("LOI") with Tyner Resources Ltd. (TSX:TIP) ("Tyner") whereby LNG Energy has agreed to transfer to Tyner all of its 15% working interest in oil and gas leases in the Palo Duro Basin. In consideration of the transfer of the interest (the "Transaction"), Tyner has agreed to issue, subject to regulatory approval, 9,378,208 common shares in its capital stock to LNG Energy, representing 13.2% of the number of issued and outstanding shares of Tyner following the completion of the Transaction.

The Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

This news release may contain forward-looking statements based on assumptions and judgments of management of LNG Energy regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. LNG Energy disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 144,095,965

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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