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L&M to Seek Listing on Toronto Stock Exchange

14th June, 2012

L&M to Seek Listing on Toronto Stock Exchange

L&M Energy wishes to advise that it is considering a quotation of the Company’s shares on the Toronto Venture Stock Exchange (TSX-V) in addition to its current listings on the Australian Stock Exchange (ASX) and the New Zealand Stock Exchange (NZX).

L&M Energy has engaged Calgary based Canadian broker Casimir Capital to assist with the listing process. Casimir’s team brings with them an in-depth knowledge of both the producing Taranaki oil fields and the east coast basin of New Zealand. Casimir has been associated with several successful New Zealand focused Canadian listed oil and gas producers and has been involved in substantial capital raises for their exploration and development programs.

The Taranaki region in NZ currently produces 55,000 barrels of oil a day from 18 on-shore and off-shore oil and gas fields representing about 1/3rd if the Nation’s needs. To encourage exploration and development of petroleum resources the NZ Government has made a concerted effort to stimulate the industry with moderate tax and royalty levels.

L&M believes that a wider listing of the Company’s shares and a greater spread and depth of shareholders will add to trading liquidity to the benefit of all shareholders at a time when L&M is about to embark on an accelerated Taranaki exploration drilling program over the next 18 months.

L&M plans to drill one well at Kahili in Q4, 2012 and at least 2 wells in Alton in 2013.

The Company also intends to apply for new exploration blocks in the September 2012 Government blocks offer and hopefully increase our exposure in the Taranaki region.

In spite of the difficult international economic scene, I feel confident that your Company currently has very good exposure to some of the Nation’s most prospective exploration acreage and we aspire to increase that exposure.


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