Linc Energy Limited (ASX:LNC) Announce a Coal Sales Update

Brisbane, Aug 2, 2010 AEST (ABN Newswire) - Linc Energy Limited (ASX:LNC) (PINK: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 (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. 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.

Contact

Peter Bond Chief Executive Officer Linc Energy Limited Phone: +61-7-3229-0800 Information for Media: Greg Meyer Media Manager Phone: +61-7-3229-0800 Email: greg.meyer@lincenergy.com.au ASX Contact: Craig Ricato Company Secretary Phone: +61-7-3229-0800 Email: craig.ricato@lincenergy.com.au Information for Investors: Anton Rohner Chief Financial Officer Phone: +61-7-3229-0800 Email: anton.rohner@lincenergy.com.au