LVL

Lynden Energy Corp. (TSX VENTURE:LVL) reports that it has raised gross proceeds
of $4,256,700 in an initial closing of its recently announced $6,300,000
non-brokered private placement. The funds were raised through the issuance of
10,135,000 units at a price of CDN $0.42 per unit. Each unit is comprised of one
common share and one-half of one share purchase warrant. Each whole warrant is
exercisable at a price of CDN $0.65 until May 4, 2015.


The Company has paid finder's fees of 30,000 common shares and 15,000 share
purchase warrants. The finders' warrants are each exercisable into one common
share at a price of $0.65 expiring on May 4, 2015. 


The shares, and any shares issued upon exercise of the investor warrants or
finders' warrants, are subject to a hold period expiring September 5, 2012.


The funds raised from this private placement will be used for the company's oil
and gas projects, and for general working capital purposes. The balance of the
private placement is scheduled to close shortly.


Lynden is a Canadian-based oil and gas company with operations focused on our
Wolfberry and Mitchell Ranch projects in the Permian Basin, West Texas. 


ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

Colin Watt, President and CEO

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