Linc Energy Limited (ASX:LNC) Coal Sales Update

Brisbane, July 14, 2010 AEST (ABN Newswire) - Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has become aware of the media and market speculation overnight as a consequence of an article published in The Economic Times in India regarding an impending sale of one of Linc Energy's non-core assets in Queensland to Adani Enterprises (BOM:512599).

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. These negotiations remain commercial in confidence.

Linc Energy confirms that at this stage it has not concluded any binding contract or finalised any material terms with any party. Linc Energy will immediately advise the market should this position change.

Contact

Peter Bond Chief Executive Officer Linc Energy Limited Phone: +61-7-3229-0800