L&L Sells HSC Subsidiary for Strategic Alignment

SEATTLE, April 23 /PRNewswire-FirstCall/ -- L&L Energy, Inc. (Nasdaq: LLEN) ("L&L"), a U.S. coal operator serving China's coal market, announced today that it executed on April 18, 2010 an Equity Sale and Purchase Agreement with Guangxi Liuzhou Lifu Machinery Co, Ltd, selling its 93% equity ownership in Hon Shen Coal Co. Ltd ("HSC") for a total of 41,000,000 RMB or approximately US $6 Million. L&L's original purchase price was approximately US $3.86 Million in aggregate for its 93% equity.

HSC operates coal washing and coking facilities in Yunnan Province.  L&L originally purchased a 65% equity ownership of HSC's coal washing facilities; then increased its equity interest to 93% of coal washing and coking facilities in October 2009.

Dickson Lee, CEO of L&L commented, "After the acquisitions in the past few months, this transaction allows a strategic realignment, preparing L&L for other acquisitions.  Management believes the transaction would realize potential profit of approximately US $2 Million before tax, subject to audit."

Please refer to the SEC filing for further details.  

About L&L Energy

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

Forward-Looking Statements

The statements contained words that are not historical fact, including but not limited to, statements using terms such as "anticipate," "expert," "intend," "plan," "could," "should," and other expressions, including statements related to market trends and 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.

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