LNG Lng Energy Ltd.

LNG Energy Ltd.'s (TSX VENTURE:LNG) ("LNG" or the "Company") announces a
proposed consolidation and subsequent share split of its common shares in order
to eliminate the number of odd-lot shareholdings that have evolved over the
years and reorganize its capital structure to facilitate future business
transactions.


Reasons for Restructuring

LNG currently has outstanding 577,353,410 Common Shares. Based on recent data,
approximately 1,052,015 or 0.002% of the Common Shares are held by an estimated
6,397 shareholder accounts with current holdings of fewer than 1,000 shares,
representing an average of approximately 164 Common Shares per holder.


Shareholders with small or odd-lot holdings have had no cost effective option to
dispose of their shares. The consolidation proposal provides a cost effective
liquidity option for small shareholders to sell their holdings and liquidate
their investment on favourable terms, relative to current and recent market
trading prices without payment of brokerage fees that in many cases would be
more than their sale proceeds.


As a reporting issuer, LNG is required to disseminate to registered and
beneficial shareholders interim statements, annual statements and associated
continuous disclosure materials. In the case of many small shareholders, the
administrative cost associated with providing such services represents a
disproportionately large percentage of the total share value of their
investment. LNG spends a significant amount of money each year printing and
mailing materials required by statute, such as annual reports and information
circulars, to these small shareholders and serving their accounts through LNG's
registrar and transfer agent. The effect of the proposed consolidation will be
to reduce administrative costs associated with maintaining a large shareholder
base of odd-lot and small shareholders, by significantly reducing the number of
these shareholders.


LNG expects that it will be necessary to issue additional Common Shares in order
to raise further capital and/or make investments in additional businesses it is
currently seeking to identify. Any share issuances are subject to the regulatory
requirements of the TSX Venture Exchange (the "Exchange"), including minimum
pricing which is generally $0.05 per share. Based on recent trading prices of
the Common Shares it would be difficult to raise additional capital at such
minimum pricing levels. The proposed share consolidation and stock split will
result in holders of 1,000 or more Common Shares effectively being consolidated
on a 20 to 1 basis. This will provide increased flexibility for LNG to structure
future issuances of shares.


Mechanics of Restructuring

The basis of consolidation proposed Common Shares will be one (1)
post-consolidated Common Share for each one-thousand (1,000) pre-consolidated
Common Shares (the "Consolidation"). Holders of fewer than 1,000 Common Shares
who do not elect to increase their holdings to 1,000 or more Common Shares prior
to the effective date of the share consolidation will receive cash of $0.01 per
share and their Common Shares would be cancelled. Any holder of less than one
(1) post-consolidated Common Share will cease to hold Common Shares and will be
entitled to be paid cash consideration equal to that number of pre-consolidation
Common Shares held by the holder multiplied by an amount equal to the average
weighted trading price of the Common Shares for the ten trading days preceding
the Consolidation Effective Date, the announcement date of the Share Alteration,
rounded to the nearest whole cent. Immediately following the Consolidation, the
remaining Equity Shares will be split on the basis of fifty (50) post-split
shares for each one (1) post-consolidated share to achieve minimum distribution
and other requirements of the Exchange. Fractions will be rounded to the nearest
whole number on the split.


Shareholder and Regulatory Approvals

In order to implement the Share Consolidation Plan, special business will be
proposed at the upcoming extraordinary general meeting of shareholders to
approve an alteration of the Common Shares to effect a consolidation of the
Common Shares, on the basis proposed, with an immediate stock split of such
shares thereafter to meet the minimum distribution requirements of the Exchange.
Approval of two thirds of Common Share shareholders present or represented by
proxy would be required for approval of the Share Consolidation Plan. If
approved, the consolidation and the share split would be expected to occur
immediately thereafter.


Shares purchased by LNG in conjunction with the share consolidation will be
cancelled. Purchase transactions for such cancelled shares and all associated
costs will be funded by LNG. Formal notification, including confirmation of the
record date for the Share Consolidation, confirmation of any required regulatory
or shareholder approvals, letters of transmittal and related documentation for
implementing the Share Consolidation, will be provided by LNG as and when
received. It is estimated that $100,700 inclusive of meeting, advisory and
transaction costs, will need to be allocated to the implementation of the Share
Consolidation Plan.


The shareholder meeting is scheduled for November 6, 2013. Shareholders will be
provided with information by mail in coming weeks outlining in detail the
proposed terms of consolidation/stock split, the basis of consolidation, and any
necessary steps they need to take.


The Share Consolidation Plan is subject to the approval of the Exchange and
shareholders. No assurance can be given that the Shareholder Consolidation Plan
will be approved by the Exchange or by shareholders on the terms proposed or at
all.


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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking
information" as such term is used in applicable Canadian securities laws,
including information regarding the share reorganization. Forward-looking
information is based on plans and estimates of management at the date the
information is provided and certain factors and assumptions of management.
Forward looking information is subject to a variety of risks and uncertainties
and other factors that could cause plans, estimates and actual results to vary
materially from those projected in such forward-looking information. Factors
that could cause the forward-looking information in this news release to change
or to be inaccurate include, but are not limited to, the risks related to
unsatisfactory results of due diligence, international operations and doing
business in foreign jurisdictions, risks associated with the oil and gas
industry and exploratory and development activities generally (e.g., operational
risks in development, exploration and production, delays or changes in plans
with respect to exploration or development projects or capital expenditures,
risks associated with equipment procurement and equipment failure), the risk of
commodity price and foreign exchange rate fluctuations, risks related to future
royalty rate changes, and risks and uncertainties associated with securing and
maintaining necessary regulatory approvals, and counterparty risk related to the
stability and viability of the Company's joint venture participants.


Shares Outstanding: 577,353,410

FOR FURTHER INFORMATION PLEASE CONTACT: 
LNG Energy Ltd.
Investor Relations
1-778-373-0103
1-604-434-1487 (FAX)
info@lngenergyltd.com

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