4 February 2010Company AnnouncementsASX LimitedINCORRECT MEDIA...

4 February 2010
Company Announcements
ASX Limited

INCORRECT MEDIA REPORT

Lion Energy Limited has become aware of an incorrect report on the HotCopper
website which purports to be sourced from the Xinhua News Agency. The incorrect
report claims that ?China Huadian New Energy Development Co. Ltd. will partner with
Lion International Investment Ltd. to build 1 GW solar thermal power plants in Gobi
Desert area of Qinghai, northwest China? and it continues to provide further details of
the purported project.
In fact, Lion International Investment Limited (?LII?), a wholly owned subsidiary of
Lion Energy Limited, has commissioned China Huadian Engineering Co. Ltd to
prepare a report on an energy opportunity in China. No investment decision has been
made by LII at this stage and LII does not intend to make any investment decision on
this project until at least after this report has been received and considered.

Jack Toby

Company Secretary
15 RHEOLA ST, WEST PERTH
WESTERN AUSTRALIA 6005
PO BOX 512, WEST PERTH
WESTERN AUSTRALIA 6872
TELEPHONE: +618 9213 4300
FACSIMILE: +618 9213 4311
ABN 51 000 753 640