LVL

Lynden Energy Corp. (TSX VENTURE:LVL) reports that production net to Lynden,
before royalties, from its Wolfberry Project in the Permian Basin, West Texas
has averaged 900 barrels of oil equivalent ('boe') over the past 10 days,
including two days in excess of 1,000 boe/day. Production net to Lynden, after
royalties, averaged 700 boe/day. The production is from 37 gross (15.77 net)
vertical Wolfberry wells and is approximately 65% oil and 35% gas and associated
liquids.


An important contributor to this production growth is a recently drilled well in
the Wind Farms Prospect Area which has performed considerably above expectations
with the 30-day initial gross production averaging 176 barrels of oil and 565
mcf of gas per day, equivalent to 270 boe/day, and averaging 250 barrels of oil
and 999 mcf of gas per day, or 416 boe/day over the last 10 of the 30 days.
Lynden has a 43.75% working interest in this well before royalties.


The company's current plans call for the spudding of 37 gross (15.60 net) wells
across the Wolfberry Project in calendar 2012, an increase over the previously
announced 31 gross (12.97 net) wells. Twenty of the 37 wells remain to be spud.
The company anticipates significant increases in daily production volumes as
development of the Wolfberry Project continues and is targeting a December 31,
2012 net production exit rate, after royalties, in excess of 1,000 boe/day.


The company anticipates financing the majority of its Wolfberry Project capital
expenditures through current working capital, operating revenues, upward
borrowing base revisions on the $50 million reducing revolving line of credit
with Texas Capital Bank, and potential asset sales.


The Wolfberry Project covers 18,413 gross and 16,493 net acres, equivalent to
6,509 acres net to Lynden.


ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

Colin Watt, President and CEO

NI 51-101 requires that we make the following disclosure: we use oil equivalents
(boe) to express quantities of natural gas and crude oil in a common unit. A
conversion ratio of 6 mcf of natural gas to 1 barrel of oil is used. Boe may be
misleading, particularly if used in isolation. The conversion ratio is based on
an energy equivalency conversion method primarily applicable at the burner tip
and does not represent a value equivalency at the wellhead.


FORWARD-LOOKING STATEMENTS DISCLAIMER: This news release contains
forward-looking statements. The reader is cautioned that assumptions used in the
preparation of such statements, although considered accurate at the time of
preparation, may prove incorrect, and the actual results may vary materially
from the statements made herein. Expectations of spudding 37 gross (15.60 net)
Wolfberry Project wells in calendar 2012, and expected timelines relating to oil
and gas operations are subject to the customary risks of the oil and gas
industry, and are subject to the company having sufficient cash to fund the
drilling and completion of these wells. Achieving a December 31, 2012 net
production exit rate, after royalties, in excess of 1,000 boe/day is subject to
the drilling of the expected number of wells and achieving positive results from
those wells. For a more detailed description of these risks, and others, see
www.lyndenenergy.com/riskfactors.html.

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