Name change to and takeover of Line Energy

Lion Energy Corp. is a well financed Canadian exploration company based in Vancouver, BC, that is focused on acquiring, exploring and developing oil and gas reserves in Central & East Africa. Lion Energy initially partnered with Africa Oil Corp., a Canadian oil and gas exploration company with assets in Kenya, Somalia and Ethiopia, and a member of The Lundin Group of Companies. Lion Energy has agreements with African Oil for entry into the production sharing agreements (PSAs) on blocks in Republic of Kenya and the State of Puntland, Somalia. The Company also holds several strategic investments in Potash, Sulphur Fertilizer and Uranium. Lion Energy's shares are listed on the TSX Venture Exchange under the symbol "LEO".

NR:

– RAY) announced today that it has entered into a binding Letter of Intent (“LOI”) with Lion

Petroleum Corp. (“Lion”), subject to certain conditions and completion of due diligence process.

Lion is a privately held oil and gas exploration company based in Vancouver, British Columbia,

with an exploration office in Nairobi, Kenya. Lion’s principal assets are Blocks 1 and 2B, both

highly prospective exploration Blocks in Northeastern Kenya.