Longford Energy Inc.
TSX VENTURE : LFD

Longford Energy Inc.

May 25, 2011 17:44 ET

Longford Energy Withdraws Financing

CALGARY, ALBERTA--(Marketwire - May 25, 2011) -

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Longford Energy Inc. ("Longford" or the "Company") (TSX VENTURE:LFD) announces that the Company has elected not to proceed at this time with its short form prospectus offering while it evaluates alternative funding proposals and clarifies matters raised by the regulator with regards to the Company's commitments on its properties. The financing was previously disclosed in the Corporation's press release dated April 28, 2011.

In addition to the announced public financing, the Company has received a number of financing proposals that it continues to consider. The Company expects to provide more details regarding its financing plans in the near term.

About Longford Energy Inc.

Longford Energy Inc. is a junior Canadian oil and gas exploration and production company. Longford holds a 40% working 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.

Regulatory Statements

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the terms of the financing, and future financing alternatives. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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