announcement, page-2

26 May 2011
LINC ENERGY TERESA COAL SALE UPDATE
Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) wishes to respond to a report appearing in today?s Dow Jones Newswires in relation to the potential sale of its Teresa coal asset.
Linc Energy advises that it is conducting a competitive bid process with a number of parties from a number of geographic locations for the potential sale of the Teresa coal asset.
This process remains commercial in confidence, and whilst well advanced, no binding, or unconditional contracts of sale have been agreed with any specific party.
Linc Energy will immediately advise the market should this position change.
Peter Bond CEO of Linc Energy said; "Linc Energy is talking to a number of parties about a potential sale of the Teresa coal asset. I am confident of a very good sale outcome, but we will not be announcing any details of any deal until it is nailed down to a point of being unconditional with some money in the bank."
For more information visit www.lincenergy.com.au or contact our office on +617 3229 0800.
Peter Bond
Chief Executive Officer