Acquisition of Common Shares of Lion Energy Corp.

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Source: Marketwire

TORONTO, ONTARIO -- (Marketwire) -- 06/17/10 -- David J. Birkenshaw ('Birkenshaw') announced that he acquired ownership and control of 258,000 common shares ('Common Shares') of Lion Energy Corp. ('Lion Energy') on June 16, 2010 which represents approximately 0.30% of the then issued and outstanding common shares of Lion Energy (the 'Transaction'). Immediately following the completion of the Transaction, Birkenshaw alone owned and controlled 10,301,500 Common Shares, representing approximately 12.0% of the issued and outstanding common shares of Lion Energy. The Transaction was made through the facilities of the TSX Venture Exchange.

Birkenshaw acquired the Common Shares for investment purposes. However, Birkenshaw will review his holdings from time to time and may increase or decrease his holdings as future circumstances may dictate.

The information herein has not been approved or disapproved by regulatory authorities.

Contacts:
David J. Birkenshaw
102A-1075 Bay Street
Suite 336
Toronto, Ontario
M5S 2B2

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