UPDATE: L&L Engages Top Consulting Firm on Potential Mining Acquisitions

L & L Energy, Inc.

("L&L" or the "Company"), a U.S.-based company with profitable energy (coal) operations in China, announced today that it has engaged John T. Boyd Company of Pittsburgh, Pennsylvania ("BOYD'') as a technical advisor on potential mining acquisitions. Following the L&L Board of Directors' decision to acquire larger mining operations in North China, L&L's management team, guided by Yang Jingcai and Dr. Syd Peng, has identified potential acquisition targets with over one million tons of annual coal capacity. L&L's team will also work with BOYD to evaluate acquisition targets, including compliance with the international JORC standards, which are not required under the existing China regulations.