LION ENERGY LIMITED (LIO)

The suspension of trading in the securities of Lion Energy Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

Lion receives commitments for $3.09M at 3.5c per share via an oversubscribed capital raising by way of placement and two convertible loans from sophisticated investors. Lion's major shareholder Risco Energy Unconventional commits $1,320,000 via a Convertible Loan. Funds are to be applied to secure the exciting and highly prospective East Seram PSC, the extension and related development of the Seram (Non Bula) PSC and to working capital.

The securities of Lion Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

Lion Energy Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Wednesday, 22 January 2014, following the Company's compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX listing rules. The Company will have the following quoted securities: 73,591,805 ordinary shares fully paid Security Code LIO

we understand that on or about this date the company consolidated its shares 1 for 8

All resolutions as specified in the notice of meeting, as amended by the corrections announced to the ASX on 18 November 2013 and 10 December 2013, were successfully passed on a show of hands

The securities of Lion Energy Limited (the "Company") will be suspended from official quotation immediately, at the request of the Company, pending the outcome of a resolution at the Company's general meeting to approve a change in the nature and scale of the Company's activities. The Company's securities will remain suspended pending compliance with Chapters 1 and 2 of the Listing Rules. Security Code: LIO LIOO

the securities of Lion Energy Limited (the "Company") will be suspended from quotation immediately, following the announcement of the Company's decision to pursue a new investment in a solar energy plant in China

we understand that on or about this date the company consolidated its shares 1 for 100

Mr Guiseppe Antonio Mercorella has been jailed for five years following investigations by ASIC - among other charges he was sentenced on nine charges related to the dishonest use of his position as a director of Lion Energy Limited to obtain $2,166,000 for his own advantage

shares reinstated to quotation

company releases an update - in summary, "despite a very difficult period in its history, Lion Energy Limited is emerging with cash reserves sufficient to enable it to pursue new ventures whilst meeting its ongoing obligations in the Seram (Non Bula) Block PSC" - the chairman is optimistic that Lion "can move forward in 2006 to capitalize on the buoyant energy sector" - the company is considering new opportunities and hopes to present further details in the first half of year 2006

applies for the quotation of an additional 337m shares

company announces that Mr Martin Bennett is appointed as a director

all resolutions at today's meeting were passed except for Resolution 2 (to re-elect Mr Waterman - defeated with 578,064,931 votes for the resolution and 779,275,678 votes against the resolution) and Resolution 5 relating to the issue of convertible notes which have now been repaid and consequently, the resolution was withdrawn

company applies for the quotation of an additional 337m shares issued at $0.025 per share for the "payment of cash calls and working capital"

the company had previously raised $1,400,000 in convertible notes redeemable on 15 August 2006 - convertibility was subject to shareholder approval - however, shareholder approval was not obtained within the timeframe required by the convertible note agreements and consequently all of the convertible notes have now been repaid by the company and thereby extinguished

company provides an update and directors state that "subsequent events have ensured the Company is now financially secure"

applies for the quotation of 1.4m convertible notes

board provides shareholders with the Company's position and the Board's recent actions to "ensure the Company's value"

provides Notice that an Annual General Meeting is to be held at Ground Floor, 45 Ventnor Avenue, West Perth, Western Australia, at 10.30 am (WST) on 21 December 2005

the company was to hold a general meeting of shareholders on 22 November 2005 - it now advises that it is cancelling that meeting - as ASIC has extended the date of the AGM to 21 December 2005, Lion Energy will put forward those resolutions stated in the Notice of General Meeting dated 12 October 2005 which remain appropriate for voting at the AGM to be held on 21 December 2005

lodges 2005 annual report

lodges first quarter activities report

the company has been granted an extension by ASIC to 21 December 2005 to hold its 2005 Annual General Meeting of shareholders - the company was due to hold its AGM by 30 November 2005 but applied to ASIC for an extension because the audited accounts which must be distributed to shareholders prior to the AGM will not be ready in time for an AGM on 30 November 2005

provides Notice of a General Meeting to be held on Tuesday 22 November 2005 at 2:30pm (WST) at Ground Floor, 45 Ventnor Avenue, West Perth, Western Australia - to consider ratification of the issue of shares to "sophisticated investors, conversion of convertible notes, and the issue of 400m shares via a placement

the company advises it has sold its interest in two of its wholly owned subsidiaries for US$4.85m - shareholders previously approved the sale

lodges preliminary final report

company advises shareholders can direct enquiries to (08) 9429 8874 while its securities are suspended from quotation

shares suspended from quotation pending release of an announcement

we understand that on or about this date the company made an in specie distribution of 1 share in ENTEK ENERGY LIMITED for every 97 shares in the company

name changed from Kalrez Energy Limited