Linc Energy Limited (ASX:LNC) Declares Dividend Of A$0.10 Per Share

Perth, Aug 31, 2010 AEST (ABN Newswire) - Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to advise their intention to declarea fully franked dividend of A$0.10 cents per share on 8 October 2010.

The Company's ability to pay the dividend arises from the recent sale of its 100% interest in the Galilee coal tenement (EPC 1690).

It is the Directors opinion that the Company meets the tests of Section 254T of the Corporations Act and that the payment is fair and reasonable.

The Board has moved to declare a dividend at this time to recognise both the loyalty of the Company's shareholders and the confidence of the Board in the Linc Energy's future business plan. It remains the philosophy of the Board to continue to share significant financial milestones with our shareholders as appropriate going forward.

The dates for the final dividend are:

- Ex-Dividend date 6 September 2010
- Record date 10 September 2010
- Payment date 8 October 2010

Contact

Mr Peter Bond Chief Executive Officer Phone: +61-7-3229-0800 Email: pab@lincenergy.com.au http://www.lincenergy.com.au