VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 23, 2013) - LNG Energy Ltd. ("LNG" or the "Company") (TSX VENTURE:LNG) announces the resignation of Mr. David Afseth as director. Mr. Afseth also served as the Company's President and CEO for four years before stepping down in 2012. During his tenure, he was instrumental in advancing LNG's Papua New Guinea assets, leading to a farm out of a portion of the assets earlier this year. He also guided the Company in the acquisition of over one million gross acres of oil and gas leases in Poland and facilitated a farm-in in Bulgaria. He has been an asset to LNG's management team and more recently, lending his experience to LNG's board. The board extends its gratitude for his efforts, contributions and guidance over the past five years.

About LNG

LNG is a Canadian exploration and development company focused on developing oil and gas properties in Papua New Guinea, Poland and Bulgaria. LNG holds in Papua New Guinea a 16.85% net interest in PPL 319 and a 84.25% interest in 3 additional PPLs in northern Papua New Guinea (which collectively cover approximately 5.5 million gross acres) and a 20% net interest in PRL 13 (which covers approximately 42,000 gross acres). LNG has entered into a farm-in agreement with subsidiaries of Heritage Oil PLC under which those subsidiaries acquired an 80% interest in PPL 319 and PRL 13, subject to fulfillment of work commitments under the farm-in agreement. LNG has a 20.18% net interest in approximately 734,000 gross acres of prospective shales in Poland together with BNK Petroleum Inc., Sorgenia E&P S.p.A., and Rohol-Aufsuchungs Aktiengesellschaft. LNG is operator and has a 50% net interest in approximately 360,000 gross acres of prospective shales in Poland together with San Leon Energy. LNG has entered into a farm-in agreement relating to 405,080 acres of prospective argillite formation in Bulgaria with Direct Petroleum Bulgaria EOOD, a subsidiary of TransAtlantic Petroleum Ltd. LNG also holds a 100% working interest (80% net revenue interest) in approximately 13,000 net mineral acres of oil and gas leases in Daniels and Sheridan Counties located in north east Montana as well as a 100% working interest (79% net revenue interest) in approximately 46,700 net acres of oil and gas leases in Cascade County, in western Montana. LNG shares trade on the TSX Venture Exchange under the symbol "LNG".

LNG ENERGY LTD.

David Nelson, President & CEO

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