L&L Updates Investors on TDR, Satisfies KPMG's Financial Review of Past Two Years

 L&L Updates Investors on TDR, Satisfies KPMG's Financial Review of Past Two

PR Newswire

SEATTLE, June 24, 2013

SEATTLE, June 24, 2013 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or the "Company"), a U.S.-based company with profitable coal operations
in China announces KPMG Taiwan ("KPMG") has completed its review of the
Company'sFY2011 andFY2012 audits in pursuance ofL&L's Taiwan Depositary
Receipt ("TDR") project.

Following April's engagement of KPMG, KPMG proceeded with itsindependent
financial review ofL&L's financial statements to comply with Taiwan Stock
Exchange listing regulations. In the process, KPMG has conducted its necessary
procedures including examining documents, interviewing managers, and
reconciling balance sheets and income statements into the TaiwanGAAP
standards. As of today, KPMG has issued draft review opinions on the previous
two fiscal years. KPMG will release its final work after their review ofL&L's
current (FY2013) financial statements, which is scheduled to be completed at
the end of July 2013.

L&L Chairman and CEO, Dickson Lee commented, "I am pleased that ourTDR
project is moving forward smoothly and on schedule. Working with KPMG
andTaishin Securities has been a positive experience and I am looking forward
toexpanding upon theTDR project, whenfully executed, tobringfurther
accretive value to our shareholders."

Forward Looking Statements

The statements containing words that are not historical fact, including
statements related to the Company'sfuture performance, are all
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, and that involve a number of 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.

L&LEnergy Inc.

SOURCE L & L Energy, Inc.

Website: http://www.lnlinternational.com
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