LFD.H Longford Energy Inc.

Longford Energy Inc. (NEX BOARD:LFD.H) ("Longford" or the "Company") announces
that following a thorough internal review, the Company has determined that it
will not complete a return of capital to shareholders using the proceeds from
the recent sale of the Company's assets in the Kurdistan Region of Iraq (the
"Sale Transaction").


The Company is actively engaged in the process of identifying prospective assets
for acquisition, including global mining and oil & gas opportunities. The
Company has identified oil & gas assets in Middle East, East and West Africa as
well as South America and is reviewing these assets. Additionally, the Company
is reviewing mining assets in Australia. There are no guarantees that a
transaction will be completed in respect to these assets, however given the
Company's current cash position and the prevailing capital market and economic
dynamics, there are exceptional opportunities to pursue with the potential of
creating significant value for shareholders, over and above what shareholders
could expect to receive from a return of capital.  


Mr. Ahmed Said, President and Chief Executive Officer, stated "Our cash position
should give us a significant advantage in the current junior resource markets.
Over the next few months we expect to identify a significant asset and recruit
an experienced management team that can generate value for our shareholders". 


The board of directors has formed an independent special committee, comprised of
Mr. David Argyle, Mr. Peter Boot and General Jay Garner, to review potential
acquisition prospects and present their recommendations to management of the
Company.


Several of Longford's major shareholders have indicated that they are supportive
of pursuing acquisition opportunities rather than paying a return of capital to
shareholders at this time.


The Company also announces that it has appointed Mr. Peter Boot to the board of
directors of Longford. Mr. Boot takes the place vacated by the Honorable Pierre
Pettigrew who has resigned from the board to focus on other external board
commitments.


Mr. Boot started his career with ING Bank in Sao Paulo, Brazil and held the
position of Country Manager for Paraguay and Bolivia, and Country Manager and
Supervisor Board Member of Netherlands Caribbean Bank NV in Havana Cuba. Mr.
Boot currently sits on the board of Mega Energia, a Brazilian company involved
in equipment lease, gas stations, real estate and mining and Brookwater Ventures
Inc., a TSX-V listed company focused on oil and gas opportunities in Brazil. Mr.
Boot is also a board member of Steel Participacoes e investimentos SA. 


The board of Longford would like to thank Honourable Pierre Pettigrew for his
service to the Company and wish him well in the future.


About Longford Energy Inc.

Longford Energy Inc. is a public company listed on the NEX board of the TSX
Venture Exchange.


Regulatory Statements 

This press release contains "forward looking information" within the meaning of
applicable Canadian securities legislation. Forward looking information
includes, but is not limited to, statements with respect to acquisition
opportunities; the use of funds from the Sale Transaction; and the current state
of capital and economic markets. Generally, forward looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of exploration activities; regulatory
risks; risks inherent in foreign operations; and other risks of operations.
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.

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