Clean Global Energy Limited (ASX:CGV) Completes Acquisition Of Victorian Coal Asset And Commences Work On Victorian UCG Project

Sydney, June 16, 2010 AEST (ABN Newswire) - Clean Global Energy Limited (ASX:CGV) is pleased to announce that its Exploration License Application with the Victorian government for a coal exploration area in Victoria's Gippsland coal basin has been granted.

The area known as EL5270 is approximately 900 square kilometers and contains numerous exploration and other wells. Initial review of this area indicates black coal formations that appear suitable for UCG occur within this lease area.

Clean Global Energy intends to fast track its Victorian Underground Coal Gasification (UCG) project on EL5270. EL5270 represents a strategic position in the Victorian energy corridor being in close proximity to power generators and other potential clients who could benefit from Clean Global Energy's UCG Syngas.

Clean Global Energy is focusing on utilising its proprietary Linear CRIP UCG technology to generate a range of UCG-Syngas products.

Once the raw UCG Syngas is produced at the Production Well the Syngas is passed through a number of processes to produce Regular, Premium or Ultra Syngas depending on the requirements of our clients.

Clean Global Energy's Victorian UCG project will see an initial 5PJ commercial Syngas plant commissioned within the next 2 years. This plant is planned to be expanded up to 20PJ by 2015. Design, pre-engineering and other works have already commenced on the plant and we will shortly be lodging development applications and works programs with the Victorian Government.

Clean Global Energy has commenced discussions with a number of power generators and has already exchanged a Confidentiality Agreement with an existing power generator.

Granting of our Victorian Coal Lease is another key milestone Clean Global Energy has achieved and we are on track to achieve many more.

For the complete Clean Global Energy Limited announcement including Well Location Maps and UCG Process and Syngas Processing Diagrams, please view the following link:

http://www.abnnewswire.net/media/en/docs/63084-ASX-CGV-494400.pdf

Contact

John Harkins Chairman and Managing Director Clean Global Energy Limited Tel: +61-2-9230-0318 www.cleanglobalenergy.com.au