L & L Energy Announces Fiscal 2010 Results to Exceed Previously Announced Guidance

SEATTLE, May 4 /PRNewswire-FirstCall/ -- L & L Energy, Inc., (Nasdaq: LLEN), a U.S.-based company operating coal businesses in China, today announced it will exceed guidance for the fiscal year ending April 30, 2010.

Management believes revenues and earnings would exceed the previously provided guidance released in March 2010. Management said that it expects fiscal 2010 annual revenue ended on April 30, 2010 to be higher than $108.1 million. The Company also believes net income would exceed the previously announced $28.1 million, or $0.94 EPS, on a GAAP basis, subject to final audit.

Dickson Lee, Chairman and CEO of L&L Energy, commented: "Our business is exceptionally strong. China coal prices recently reached US $115 per ton. This recent price increase certainly bodes well for L&L. Though China is a coal producer, it continues to import large amounts of coal, thus became a net coal importing nation."

He continued, "We have two important elements working in our favor: first, demand for coal in the world's fastest growing economy, China, continues to exceed supply; and secondly, the PRC's mandate that smaller coal mines make infrastructure investments to improve efficiency and safety or face being shut down. With the mandate in process, we intend to acquire more profitable coal mines and help comply with the PRC mandate, that will bring in significant revenue and profits."

About L&L Energy

Founded in 1995 and headquartered in Seattle, L&L (http://www.LLEnergyInc.com) focuses on serving energy markets in China. Through its subsidiaries, it operates profitable coal mines, coal wholesale, coking, and coal-washing facilities in Yunnan and Guizhou Provinces.

Forward-Looking Statements

The statements contained words that are not historical fact, including but not limited to, statements using terms such as "anticipate," "expert," "plan," "could," and other expressions, including statements related to Company's future performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Actual results of the future events described in this document could differ materially due to numerous factors and other made by the company filing with the Securities and Exchange Commission. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE L & L Energy, Inc.