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L&L Completes Acquisition of Two New Mines in Guizhou

            L&L Completes Acquisition of Two New Mines in Guizhou

PR Newswire

SEATTLE, Nov. 19, 2012

SEATTLE, Nov. 19, 2012 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or the "Company"), a U.S.-based company with a track record of
profitable coal operations in China, announced today its completion of
acquisitions of the LuoZhou and LaShu mines, nearby its existing Weishe model
mine under its consolidation strategy in Guizhou Province.

Following preliminary agreement and due diligence, L&L is pleased to announce
a $37.1 million acquisition of 95% of both mines from Union Energy, satisfied
by a cash outlay of approximate $1.7 million and transfers of the Company's
interests in Zonelin Coking Plant (98%) and the DaPing Mine (60%).

The two mines contain some 34.2 million tons of low sulfur, high BTU,
anthracite coal reserves. Already at trial coal production, the LuoZhou mine
will move from an annual production rate of 200,000 tons to 450,000 tons by
the end of 2013. LaShu will similarly move from 150,000 tons to 300,000 tons
over time. With the production capacity of its existing Weishe mine of 150,000
tons moving to 500,000 tons over time, L&L anticipates a production rate of
500,000 tons within 2013 and to beyond 1 million tons over time.

These acquisitions leverage on government's consolidation, in the context of
the Company's US management style and technology, to attract opportunities for
the Company to expand and upgrade its coal assets through acquisition of
larger and cost effective mines, including thus far, three of Union Energy's
seven mines.

L&L's Chairman and CEO, Dickson Lee, commented: "We completed the transaction
to build coal reserves, increase production capacity and increase EPS for our
shareholders." Mr. Lee goes on: "By leveraging on L&L's publicly listed
platform in the USA and global management capability, we continue to work
closely with Union Energy to realize the full potential of its mine
portfolio. We also have a pipeline of other opportunities and strategic
assets in China."

Forward Looking Statements

The statements containing words that are not historical fact, 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 that involve a number uncertainties. Actual results of the future
events described in this document could differ materially. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward-looking statements.

Contact:
L&L Energy, Inc.
(206) 264-8065
ir@llenergyinc.com





SOURCE L & L Energy, Inc.

Website: http://www.lnlinternational.com
 
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