L&L Sells HSC Subsidiary for Strategic Alignment

SEATTLE, April 23 /PRNewswire-FirstCall/ -- L&L Energy, Inc. (Nasdaq: LLEN) ("L&L"), a U.S. coal operator serving China's coal market, announced today that it executed on April 18, 2010 an Equity Sale and Purchase Agreement with Guangxi Liuzhou Lifu Machinery Co, Ltd, selling its 93% equity ownership in Hon Shen Coal Co. Ltd ("HSC") for a total of 41,000,000 RMB or approximately US $6 Million. L&L's original purchase price was approximately US $3.86 Million in aggregate for its 93% equity.

HSC operates coal washing and coking facilities in Yunnan Province.  L&L originally purchased a 65% equity ownership of HSC's coal washing facilities; then increased its equity interest to 93% of coal washing and coking facilities in October 2009.

Dickson Lee, CEO of L&L commented, "After the acquisitions in the past few months, this transaction allows a strategic realignment, preparing L&L for other acquisitions.  Management believes the transaction would realize potential profit of approximately US $2 Million before tax, subject to audit."

Please refer to the SEC filing for further details.  

About L&L Energy

Founded in 1995 and headquartered in Seattle, L&L (http://www.LLEnergyInc.com) focuses on serving the energy market in China. Through its subsidiaries, it operates profitable coal mines, coal wholesale, coking, and coal-washing facilities in Yunnan and Guizhou Provinces, and offices in Guangzhou and Shenzhen.

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SOURCE L & L Energy, Inc.