SEATTLE, Aug. 29, 2011 /PRNewswire/ -- L & L Energy, Inc. (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S. based company since 1995 with coal mining and distribution businesses in China, today announced that the Company's Chairman and CEO, Dickson Lee, has converted $420,000 of his prior loan to the Company into LLEN common stock at $8.50 per share.  The closing price of LLEN common stock on Friday, August 26th was $3.42. The loan was made in early 2011 to support the funding of Bowie mine. 

Mr. Clayton Fong, Executive Vice President of L&L commented, "Mr. Lee's conversion of his personal loan into LLEN shares at $8.50 has received endorsement from the Company's Board Directors. The large conversion premium displays Mr. Lee's confidence in the company.  I share his belief that LLEN's current market capitalization does not reflect the value of our operations, and it substantially discounts the tremendous growth opportunities in Guizhou Province's coal consolidation."

Forward-Looking Statements

The statements contained 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 involve a number of risks and uncertainties. Actual results of the future events described in this document could differ materially due to numerous factors and other made by the company filing with the Securities and Exchange Commission. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements

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

SOURCE L & L Energy, Inc.

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