Linc Energy (ASX:LNC) Appoints Mr Oliver Yates as Acting Chairman

Brisbane, Nov 25, 2010 AEST (ABN Newswire) - Linc Energy (ASX:LNC) (OTCQX:LNCGY) is pleased to announce the appointment of Mr Oliver Yates as Acting Chairman to take effect following Mr Brian Johnson's retirement at the conclusion of today's Annual General Meeting.

Linc Energy would like to thank Brian Johnson for his commitment and work to the Company as its Chairman over the past 4 and half years. Brian has been Linc Energy's Chairman from its first day as a public company, and has seen this fledgling business grow to a billion dollar entity, where the stock price has yielded investors around 10 times their original investment. We wish Brian all the very best with his future endeavours.

Linc Energy wishes to welcome Oliver Yates to the Chairman's role, and we look forward to receiving the benefit of the financial and entrepreneurial skill set he brings to the Company.

Oliver Yates has an extensive financial background with global experience in corporate advisory, financial structuring, project finance, debt structuring, equity raising and listings. Oliver has spent the last 20 years with the Macquarie Group where he was an Executive Director for over 10 years.

Oliver recently led Macquarie's efforts in wind, solar, carbon capture and storage and other renewable businesses internationally, working across Australia, Europe and the United States. He has held many senior positions within the Macquarie Group including Country Head for America, Co-Head of the Financial Products Group and Private Placements Group.

Oliver is currently a member of the Founders Board FFI (Fauna and Flora International Australia), Director of Climate Friendly Pty Ltd, Chairman of Biocarbon Group Pte Limited and Director of Bronze Boar Investments Pty Ltd. Oliver joined the Linc Energy Board in October 2010.

Contact

Information for Media: Greg Meyer Media Manager Phone: +61-7-3229-0800 E-mail: greg.meyer@lincenergy.com.au ASX Contact: Brook Burke Company Secretary Phone: +61-7-3229-0800 E-mail: brook.burke@lincenergy.com.au Information for Investors: Anton Rohner Chief Financial Officer Phone: +61-7-3229-0800 E-mail: anton.rohner@lincenergy.com.au