Based in Vancouver, BC, Lion Energy Corp. is a well financed Canadian exploration company that is focused on acquiring, exploring and developing oil and gas reserves in Central and 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 The Republic of Kenya and the State of Puntland, Somalia.

In Kenya, Africa Oil will farm-out three blocks to Lion Energy: 10% working interest in Block 9; 25% working interest in Block 10A; and 20% working interest in Block 10BB. These blocks cover over 55,000 sq. km of the Anza Basin, which is an extension of the major Sudan oil trend and a continuation of the Muglad Basin that has over 6 billion barrels of proven reserves and currently produces in excess of 450,000 barrels of oil per day.

In Puntland, Lion Energy will assume a 15% working interest in the Nogal Valley and Dharoor Valley Petroleum PSAs. Both blocks encompass two highly prospective hydrocarbon basins and cover an area of 81,000 sq. km. The Nogal and Dharoor basins are considered world-class exploration plays with a petroleum system geologically similar to, and formerly contiguous with, that in the prolific oil producing Republic of Yemen. Drilling is planned on both the Nogal Valley and Dharoor Valley blocks in 2010.

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".

2009 Lion Energy Corp.