LGC Capital Investee Company Melbana Energy Provides an Update on the Cuban Onshore Oil Block 9

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Feb. 3, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that one of its portfolio companies, Australian listed Melbana Energy Limited (“Melbana”) (ASX: MAY), has issued a press release providing an update on its Cuban Block 9 onshore oil acreage.

Melbana stated the following in its press release:
“We are highly encouraged by the continued growth in the exploration potential of the Block 9 PSC. … Melbana is currently progressing plans for a potential accelerated initial drilling program of up to two exploration wells in Block 9, with a target of finalizing well proposals this quarter, with drilling potentially commencing approximately twelve months after commiting to such activity.”

Melbana’s press release dated February 1, 2017 is available on its web site at www.melbana.com, under “Recent Announcements”.

LGC holds approximately 13.7% of Melbana and is its largest shareholder.

Caution Regarding Press Releases
LGC has not made any independent inquiries as to the accuracy or completeness of the press release issued by Melbana Energy and LGC assumes no responsibility for the contents thereof. The press release issued by Melbana Energy refers to “prospective resources” in connection with that company’s onshore Block 9 PSC located along trend from the Varadero oil field. LGC assumes that such reference was made in accordance with applicable Australia regulations but is not able to so confirm. Further, LGC is not able to confirm whether applicable Australian regulations are equivalent to those in the Canadian Oil and Gas Evaluation (COGE) Handbook and National Instrument 51-101 (NI 51-101). The disclosure in the Melbana press release does not comply with NI 51-101 or the guidelines of the COGE Handbook. Investors are cautioned to take all of the foregoing into consideration when reading the press releases issued by LGC and by Melbana, particularly any references to “prospective resources”.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Cuban Travel Business Doubles In Size Over Last Year

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 23, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that its Cuba centric bespoke travel and concierge business, InCloud 9 (“iC9”), has almost doubled in size over last year with turnover increasing to an unaudited C$1.36 million for the year ended September 30, 2016, a significant increase from the unaudited C$0.72 million for the previous 2015 fiscal year for the Travelwelcome/IC9 Group.

Cuba is experiencing record tourism numbers and iC9 is now seeing not only its core customer base growing for bespoke tours to Cuba, it is seeing a dramatic increase in new business for group tours, conferences and private jet and yacht ground handling.

Tanja Buwalda, a highly experienced travel executive with many years of managing Cuban based travel companies has been employed as in-country Development Director to assist with handling the increased business coming in to iC9. iC9 has recently moved in to larger offices in the Havana Business Centre and is actively recruiting new staff to handle the influx of new business.  When asked about tourism in Cuba, Tanja said: ” Cuba is the largest country in the Caribbean, and has been a very popular destination, with tourism in 2016 estimated at approximately 4.5 million tourists, of which approximately 1.5 million were from Canada. This number is expected to grow as more international flights are planning travel routes to Havana and other cities of Cuba. There are significant historic sites and cultural events in addition to its great beaches.”

InCloud 9 (www.incloud9.com), in which LGC owns 40%, specializes in creating bespoke itineraries for unique vacations in Cuba, as well as providing all backup, support and fixing services for film and video production, and are provide Destination Management Solutions for tour operators looking to enable business in Cuba.

Through its representative office in Havana, iC9 provides the services of a specialist Cuban ground handler who works with other specialist travel companies around the world to assist with tailor-made trips to Cuba for their clients. This includes booking local hotels, transport, local tours and guides as well as other specialist activities such as art tours, deep sea fishing, fly fishing and scuba diving. In addition, iC9 is becoming more active in assisting with the organization of special events such as conferences and group activities around many of the big annual Cuban festivals such as the Cigar Festivals and Film Festivals.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “We see tourism as one of the key focus areas for the company going forward, not only for solid cash flow, but also for long term sustainable growth and a business that is contributing to the growth of Cuba. To double the size of the business over the past year has been exceptional and we are now looking forward to accelerating this growth over 2017. Particularly pleasing is all of the new business we are now seeing with the new private jet and yacht sectors and the growth we are seeing in bespoke conferences that iC9 is now being contracted to arrange.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Nespresso visits Cuba and Cuban coffee transaction proceeding on schedule

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 17, 2017 /- LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that The Cuba Mountain Coffee Company Ltd (“CMC”) has now agreed the contract terms with the Cuban Government owned Asdrubel Lopez, the main processor of coffee in Guantanamo province, which is designed to improve the quality and quantity of coffee production in the region and give CMC the rights to market, sell and take a share of proceeds for the top grades of coffee produced from the 17 highest and best microregions. The project is scheduled to begin this year with the first coffee exported at the end of the year.

The Nespresso CEO, accompanied by some of his team, have now visited some of the micro-regions in Cuba to inspect the latest harvest and tour a number of coffee de-pulping plants in the mountains. CMC has formed a strong relationship with Nespresso, having signed a Memoradum of Understanding last year, and Nespresso are expected to buy a large proportion of the Cuban coffee resulting from this project – Nespresso will also, subject to final agreement, assist with advice where appropriate.

The project also includes Asdrubal Lopez setting up a coffee roasting plant in their Guantanamo facility which will produce a brand of roasted coffee for the domestic and regional market. Discussions are also underway with a prominent Cuban music company to distribute the coffee through its Cuban retail outlets, along with a coffee shop offer which it is hoped will develop into the first Cuban coffee shop chain.

CMC’s contract with the Government is now going through the approval processes with the Cuban agriculture and inward investment/export ministries.

CMC, in which LGC Capital has a 10% interest, will meet with The Government’s Minagri and Asdrubel Lopez in early February to finalise any revisions and commercial terms before the project goes for final approval with the interested ministries.

The proposed contract is a Contract of Administration, by which CMC will jointly administer the 17 highest and best micro-regions in Guantanamo province with Asdrubel Lopez, who operate most of the beneficios (de-pulping or wet-mills), dry-mills, agronomy and the main coffee sorting plants in Guantanamo province, Cuba’s main coffee growing region.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “This is an exciting development for LGC Capital and its investment in The Cuban Mountain Coffee Company. Cuba is world famous for its high-grown arabica coffees – their ripening is slowed by Caribbean breezes allowing complex flavours to develop. Once a big export crop, the CMC project aims to help restore the export markets and reputation of Cuba’s fine coffees.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Jeremy Edelman sells 350,000 shares of LGC Capital

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Dec. 23, 2016 / – Jeremy Edelman announces that on November 28, 2016, he sold 350,000 common shares of LGC Capital Ltd. (the “Corporation“) (TSXV: QBA) through the facilities of the TSX Venture Exchange at a price of $0.042 per share for proceeds of $14,700, and that on December 7, 2016, a stock option in respect of 2,000,000 common shares of the Corporation held by Mr. Edelman was cancelled by mutual agreement of Mr. Edelman and the Corporation.

Immediately prior to the transactions described above, Jeremy Edelman held 23,747,457 common shares of the Corporation, representing approximately 10.15% of the issued and outstanding common shares, and a stock option in respect of 2,000,000 common shares of the Corporation.  Assuming the exercise of the stock option held by Mr. Edelman, he would have held 25,747,457 common shares of the Corporation, representing approximately 10.91% of the common shares of the Corporation that would have then been issued and outstanding.

Immediately after the transactions described above, Mr. Edelman holds 23,397,457 common shares of the Corporation, representing approximately 9.99% of the issued and outstanding common shares, and no stock options.

As a result of the transactions described above, Mr. Edelman’s shareholdings in the Corporation decreased to approximately 9.99% from approximately 10.15%.

Mr. Edelman sold the 350,000 common shares of the Corporation at a price of $0.042 per share for proceeds of $14,700. Mr. Edelman did not receive any consideration for the cancellation of the stock option.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

In accordance with applicable securities laws, Mr. Edelman may, from time to time and at any time, acquire additional common shares of the Corporation and/or other equity, debt or other securities or instruments (collectively, “Securities“) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Edelman in connection with the transactions described above is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

For further information: To obtain a copy of the early warning report filed by Jeremy Edelman, please contact: Sébastien Bellefleur, Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal, Québec, H4Z 1E9, Telephone: (514) 397-7445

LGC Capital Ltd. appoints Mohammed Ghafari to Board of Directors

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MONTREAL, Dec. 22, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) announces that Mr. Mohammed Ghafari has been appointed to its Board of Directors.  Mr. Ghafari, who is a resident of Pointe-Claire, Québec, Canada, is the Executive Officer of MEEM Solutions Inc., a Canadian-based management consulting company focused on delivering business strategies and market development.  He was one of the founding members of Digital Planet, a company specialized in Rich Media and video streaming/IPTV services.  Prior thereto, Mr. Ghafari served as Middle East Regional Director for Convergys Corporation and as Executive Sales Director – Middle East for Lucent Technologies.  He started his career at IBM Corporation, in Research and Development of smart software applications.  Mr. Ghafari holds a B.Sc. degree with Honours in Computer Science from Leeds University in England.

Mr. Ghafari replaces Mr. Guy Charette on the Board of Directors of LGC Capital, following Mr. Charette’s recent resignation.  LGC Capital wishes to thank Guy Charette for his valued contribution.

The appointment of Mr. Ghafari as a director of LGC Capital is subject to regulatory approval.

LGC Capital also announces that a stock option in respect of 2,000,000 common shares of LGC Capital held by Mr. Jeremy Edelman was cancelled by mutual agreement of Mr. Edelman and LGC Capital.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital Ltd. Announces Change of Auditor and Filing of Financial Statements

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Oct. 28, 2016 – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) announces that its Board of Directors has appointed Ernst & Young LLP, Chartered Professional Accountants, as LGC Capital’s new auditor, replacing FBL LLP, Chartered Professional Accountants. LGC Capital will file a Notice of Change of Auditor and related documents in respect of the change under its profile on SEDAR at www.sedar.com.

LGC Capital also announces that it has filed on SEDAR unaudited consolidated interim financial statements of its wholly‑owned subsidiary Leni Gas Cuba Limited (“Leni Gas Cuba“) for the three and nine-month periods ended June 30, 2016, and the audited financial statements of LGC Capital (formerly Knowlton Capital Inc.) for the fiscal year ended June 30, 2016. As a consequence of the reverse take-over involving Knowlton Capital Inc. and Leni Gas Cuba completed on July 12, 2016, and pursuant to securities legislation and accounting rules, the fiscal year end of LGC Capital was automatically changed from June 30 to the fiscal year of Leni Gas Cuba, being September 30.  Accordingly, the first consolidated financial statements of LGC Capital following the completion of the reverse take-over will be for the fiscal year ended September 30, 2016, which will include historical comparatives for Leni Gas Cuba only.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Rushmans To Co-produce And Distribute Cuba Baseball Series TV Rights Worldwide

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Oct. 25, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that Rushmans, LGC’s 50/50 partner with respect to Cuban Sport, has been granted the rights by RTVC, the Commercial Enterprise of Cuban Radio and Television, to co-produce and distribute the Cuban baseball series worldwide.

The rights cover approximately 60 games between November 1st and January 24th and will feature iconic teams including reigning champions Ciego de Avila, Matanzas, which is coached by the legendary Victor Mesa, Granma and Villa Clara, which features Freddy Asiel Alvarez, one of the league’s hottest pitchers.

The deal is for four seasons, covering the Olympic cycle as Cuba’s leading players compete for their clubs and for places on the National team at Tokyo 2020.

Six games per week will be made available to broadcasters worldwide by Rushmans on behalf of RTVC with HD signal, Spanish and English commentaries and graphics. Weekday games will vary their first pitch time between 2:00 p.m. and 7:00 p.m. while all weekend games will start at 2:00 p.m. (all times are Cuba local).

Phase Two of the season sees six qualifiers from the initial 16-team competition battling for places in the Play-Offs which start in the New Year. The teams will be reinforced by Cuban baseball stars currently playing overseas with teams including the Japanese Yomiuri Giants and Canada’s Capitales de Québec.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “This is a very significant development for televising Cuban baseball around the world over the next four seasons and for the Rushmans – LGC relationship. Importantly, this deal represents the only route for international broadcasters to obtain these rights.”

Rushmans has made the following global Media Release: http://rushmans.com/cuba-baseball-tv-rights/

RUSHMANS TO CO-PRODUCE AND DISTRIBUTE CUBA BASEBALL SERIES TV RIGHTS WORLDWIDE

Havana, 24th October 2016

The prestigious Cuba National Baseball Series, which has been the launch-pad for many stellar international sports careers, is available to a global audience for the first time. Many of the best Baseball players in the world are Cuban and the talent emanating from Cuba will now be seen on the world stage.

The Second Phase and Playoffs of this season are to be distributed and commercialised by Rushmans and through their appointed agents Pitch International.

The rights cover around 60 matches between November 1st and January 24th and will feature iconic teams including reigning champions Ciego de Avila, Matanzas, which is coached by the legendary Victor Mesa, Granma and Villa Clara which features Freddy Asiel Alvarez, one of the league’s hottest pitchers.

Rushmans has been granted the rights by RTVC, the Commercial Enterprise of Cuban Radio and Television. The deal is for four seasons, covering the Olympic cycle as Cuba’s leading players compete for their clubs and for places on the National team at Tokyo2020.

Six games per week will be made available to broadcasters worldwide by Rushmans on behalf of RTVC with HD signal, Spanish and English commentaries and graphics. Weekday games will vary their first pitch time between 2:00 pm and 7:00 pm while all weekend games will start at 2:00 pm. (All times are local).

Phase Two of the season sees six qualifiers from the initial 16 team competition battling for places in the Play-Offs which start in the New Year. The teams will be reinforced by Cuban baseball stars currently making history overseas with teams including the Japanese Yomiuri Giants and Canada’s Capitales de Québec.

Nigel Rushman, founder of Rushmans said:

“The National Baseball Series is the most important sports event series in a nation where baseball runs through the veins of the people.

“For generations Cuba has been producing hugely talented players, many of whom have gone on to find further fame overseas. Now the world has the opportunity to see Cuban baseball at first hand and experience not only the excitement of the games and the extraordinary talent of the players but the passion of the fans and the remarkable hold the sport has on the country.

Cuba is perhaps historically the sport’s most important nation outside the USA. There is already tremendous interest in everything that is happening in Cuba. We are proud to have been appointed by RTVC and to play a role in sharing Cuban baseball with the world. This represents the only route to obtaining these rights.”

Joel Ortega, Director General of RTV said:

“This represents an exciting move into Baseball for us and Cuba is perhaps historically the sport’s most important nation outside theUSA. There is already tremendous interest in everything that is happening in Cuba and we look forward to helping to negotiate the very best deals for RTV, Cuban Baseball and our International Broadcast clients.”

Trevor East, Chairman of Pitch International said:

“We have worked hard to ensure Rushmans has full rights for these broadcasts and the ability to distribute worldwide. It gives us the opportunity to share our content with the world of sports and bring them under control through one route of distribution.”

For further information, please contact

Sales and Enquiries through Rushmans Sales at Pitch International:
Neil Bailey
neil.bailey@pitchinternational.com
UK + 44 7920 703 247

Media Information:
Kevin Roberts
kroberts@rushmans.com
UK +44 7710 192960

General Information:
Lilien Trujillo Vitón
ltviton@rushmans.com
CUBA +53 53395263

http://www.rtvc.icrt.cu/
http://rushmans.com/

LGC’s joint venture partner on this venture, Rushmans has more than 25 years’ experience in world sport and has advised and supported sports governing bodies and played a key role in planning and delivering a host of major events including European Championships in football and World Cups in cricket and rugby. Rushmans has also acted as a strategic advisor to sport bodies and corporations worldwide.


 About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”) and its operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors” in Part 1 – General Information in Respect of the Meeting of the Management Information Circular of LGC (formerly Knowlton Capital Inc.) dated June 9, 2016 prepared in connection with the annual and special meeting of the shareholders of Knowlton Capital Inc. held on July 6, 2016. The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements.Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital JV Partner Rushmans to Market Broadcast Rights and Advertising Inventory for Historic Cuba vs United States Soccer Friendly Match

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Sept. 22, 2016 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that Rushmans, the Company’s 50/50 partner with respect to Cuban Sport, will be marketing broadcast rights and advertising inventory for the historic friendly soccer match between Cuba and the United States at Havana’s Estadio Pedro Merrero on October 7.

The highly symbolic match is the first visit by the United States for a friendly inCuba since 1947 and is indicative of both the new relationship between the two countries and the dawn of a new era for Cuban sport which is embracing the opportunity to stage world-class events and make coverage of its teams and athletes available worldwide.

Rushmans has been appointed by RTVC, the commercial enterprise arm of Cuban national audio-visual content company RTV, to distribute, market and co-produce Cuban sports content and events, both live and recorded, internationally.

The appointment, which is the first of its kind, underscores RTVC’s commitment to opening Cuban sport and its world-class athletes and teams to the world.

Earlier this year, the Tampa Bay Rays baseball team was watched by U.S. President Obama as it played the Cuban national team in Havana, while the iconic New York Cosmos soccer team attracted a crowd of 18,000 for its exhibition game against the Cuban national team in Havana.

The visit of the United States soccer team is already highly anticipated in bothCuba and the United States.

U.S. coach Jürgen Klinsmann welcomed the announcement of the friendly. He said: “In addition to good competition we are always looking for our group to have different experiences and this is a unique opportunity.”

The game will be made available to broadcasters worldwide by Rushmans in association with Pitch International and on behalf of RTVC. Perimeter boards are available for brands worldwide. This follows the announcement earlier this week of the appointment of Rushmans to market and distribute sports content on behalf of RTVC.

Nigel Rushman, founder of Rushmans, said: “This has been an historic year for the relationship between the United States and Cuba and this match is a fitting way of celebrating a new and positive era of openness and cooperation.  We are delighted to have the opportunity, on behalf of RTVC, to help put the match on the global stage and share the excitement, skill and symbolism of what promises to be a monumental night with the world.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital JV Partner Rushmans to Market Cuban TV Sport Content Worldwide

MONTREAL, Sept. 19, 2016LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that Rushmans, the Company’s 50/50 partner with respect to Cuban Sport, has signed a landmark deal with Cuba to market Cuban TV sport content worldwide.

Cuba is world renowned for baseball, boxing and other Olympic sports and has enjoyed considerable success in international events. In the first deal of its type, RTVC, the Commercial Enterprise of Audiovisual contents in Cuba, is making an active commitment to expose Cuban sport to a wider global audience.

In a groundbreaking move, RTVC has contracted with Rushmans to distribute, market and co-produce Cuban sports content and events both live and recorded, from the country to the world.

Coverage of Cuba’s National Baseball Series, boxing and other major international sports events to be staged in Cuba will now be available to international audiences.

Reciprocal deals may also enable Cuba to access more international sports programming.

Cuban’s have a rich sporting heritage and culture and are now passionate followers of European and South American football leagues and teams.

“Cuba has excellent sporting credentials and enormous potential to host significant sports events due to its geographical location and passionate sports fans” saidNigel Rushman, Founder of Rushmans. “We are proud and excited to be offering remarkable sports content to the market for the first time, initial interest is very pleasing and sales are in progress.”

Joel Ortega, Director of RTVC, said “We are building an alliance with Rushmans to enable exchanges with the international sports content market that will facilitate the development of our future broadcasts and thus our sports. We look forward to a long and successful relationship and for the world to enjoy our Cuban sporting talent. Also, as a result of this agreement, continuing to offer our production personnel to major events as we have been doing to Olympic Broadcasting Services for many years.”

This news follows the recent Rushmans/LGC Joint Venture announcement that it had made its first high profile key appointment with one of Cuba’s best known and respected TV presenters and sportscasters, Mr. Hector Villar (see LGC’s press release dated July 22, 2016).

LGC’s joint venture partner on this venture, Rushmans has more than 25 years’ experience in world sport and has advised and supported sports governing bodies and played a key role in planning and delivering a host of major events including European Championships in football and World Cups in cricket and rugby. Rushmans has also acted as a strategic advisor to sport bodies and corporations worldwide.

David Lenigas, LGC Capital Ltd.’s Co-Chairman & CEO, commented; “LGC is pleased to be partnering Rushmans in Cuba. This deal will assist RTVC in accessing the international sports content market.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital Provides An Update On The Beehive Project’s Farm-Out Status – MEO Says Four Majors In Discussion

Not For Distribution To U.S. News Wire Services Or Dissemination In The United States

MONTREAL, Sept. 12, 2016 / LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that one of its portfolio companies, Australian listed MEO Australia Limited (“MEO Australia“) (ASX: MEO), issued a press release today providing an update on its WA-488-P Giant Beehive Prospect Farmout in Western Australia.

MEO Australia has stated that:

“Following conclusion of the recent successful seismic reprocessing and inversion project which has reinvigorated interest from major players, MEO commenced a farmout process to secure funding partners to progress the technical assessment of, and ultimately drill, the Beehive prospect.

To date, four substantial companies have engaged in the process and are actively reviewing the technical data for WA-488-P. MEO is seeking responses from these potential farminees by the end of October 2016, but timing remains subject to ongoing market conditions and the addition of any new parties to the process.”

MEO Australia’s press release is available on its website at www.meoaustralia.com.au, under “Investor Relations/ASX Releases”.

LGC holds 140.7 million shares (15%) of MEO Australia and is its largest shareholder.

David Lenigas, LGC Capital Ltd’s Co-Chairman & CEO, commented; “Four majors showing farming interest in MEO Australia’s Beehive oil prospect is a very positive development for this asset.”

About LGC Capital

LGC Capital is uniquely positioned to take advantage of the lifting of the United States embargo of Cuba. LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
LGC Capital Ltd. has not made any independent inquiries as to the accuracy or completeness of the press release issued by MEO Australia and LGC Capital Ltd. assumes no responsibility for the contents thereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital’s Joint Venture Partner Groombridge Trading Corp Announces Signed Letter Of Intent With Cuban Citrus Operation

Not For Distribution To U.S. News Wire Services Or Dissemination In The United States

MONTREAL, Sept. 12, 2016 / LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) is pleased to announce that the Company’s Canadian joint venture partner Groombridge Trading Corp (GTC) has signed a Letter of Intent (LOI) with Cuba’s Empresa Agro Industrial Victoria de Giron (EAIVG), part of the Ministry of Agriculture, to work with them to assist with investment in the development and regeneration of the largest citrus producer in Cuba with the aim of increasing the country’s citrus and juice production.

EAIVG is situated 130 kilometres east of Havana and the overall project covers some 120 square kilometres with 35,000 hectares under production and is the largest agricultural enterprise in Cuba.

EAIVG is not only the largest producer of citrus in Cuba and also produces substantial quantities of other fruits, vegetables, beef, pork charcoal and rice.

EAIVG is seeking new investment to increase the amount of citrus and juice produced for the domestic market and export under its own brand. New investment is required to increase planting, install irrigation systems, to import required inputs and update the industrial production of fruit juice and packing plants.

The 50/50 GTC/LGC Capital joint venture will work with and assist EAIVG access new investment funding and bring assistance to improve operational aspects such as growing and processing technology, marketing and exports.

Under the LOI, EAIVG and GTC state their intention to promote dialogue and understanding with the objective to develop the project for revitalization of citriculture at EAIVG and this LOI does not oblige the parties to conclude a formal agreement nor it is a legal binding instrument.

David Lenigas from LGC Capital and Chris Murphy from GTC, commented, “GTC has been negotiating with the Ministry of Agriculture (MINAGRI) on this project and on other agricultural development projects, which will hopefully receive formal approvals shortly to proceed to the next level. We look forward to working with our partners at MINAGRI to bring this important project to a successful conclusion.”

About LGC Capital

LGC Capital is uniquely positioned to take advantage of the lifting of the United States embargo of Cuba. LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
LGC Capital Ltd. has not made any independent inquiries as to the accuracy or completeness of the press release issued by MEO Australia and LGC Capital Ltd. assumes no responsibility for the contents thereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital’s Travel Business Reports Increase In Business From New U.S. Airline Flights To Cuba

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Sept. 8, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) is pleased to announce that InCloud9 (IC9), its bespoke travel business, is already seeing an increase in U.S.-based travel to Cuba.  This is a result of the U.S. Department of Transportation’s recent announcement that specific U.S. airlines are now able to fly scheduled commercial flights between the two countries.

On August 31, 2016, JetBlue was the first airline to fly a commercial flight from the U.S. to Cuba since 1961. American Airlines followed suit by beginning to offer direct commercial flights on September 7, 2016.

By the end of August, the U.S. Department of Transport had granted the following airlines access to Cuba from U.S. cities: Alaska Airlines, American Airlines, Delta Air Lines, Frontier Airlines, JetBlue Airways, Southwest Airlines, Spirit Airlines, and United Airlines. The airlines will offer direct flights to Cuba from Atlanta, Charlotte,Fort Lauderdale, Houston, Los Angeles, Miami, Newark, New York City, Orlando, and Tampa. (Refer to Reference Note 1 below).

LGC Capital Co-Chairman & CEO, David Lenigas commented, “The latest lifting of restrictions for commercial air travel between Cuba and the U.S. has seen a welcome boost to the Cuban travel sector and our bespoke travel company InCloud9 is seeing a rise in enquiries and travel between the two countries. InCloud9 is now in the process of expanding its staff in and out ofCuba to cater for the extra business.”

Tourism to Cuba still isn’t authorized for all U.S. citizens, but travelers can be approved under twelve sanctioned categories of travel. For those that qualify, InCloud9 is one of a handful of companies that has a Cuban government license for assisting foreign (including U.S.) clients flying in and out of Cuba on charter flights, private jets, and now from the newly-scheduled commercial flights.

The new U.S. approvals now also make air travel possible for non-U.S. nationalities to use charter or scheduled flights and connect in and out of Cuba making trips likeToronto – Miami – Cuba – Miami – Toronto possible for the first time.

About InCloud9 (http://incloud9.com)

Embedded in Cuba for over 20 years, the Travelwelcome and InCloud9 group is a private company, that offers travellers tailored bespoke vacation packages to Cuba. Founder Toby Brocklehurst recognized an opportunity to facilitate tourism and business in Cuba, when government regulations often impeded travel for foreigners. InCloud9 is fully licenced and has a dedicated, local and experienced team who manage the day-to-day aspects of the business. InCloud9 specializes in creating bespoke itineraries for unique vacations, events and conferences in Cuba, as well as providing all backup, support and fixing services for film and video production. InCloud9 also provides Destination Management Solutions for tour operators looking to enable business in Cuba. LGC Capital owns 40% of InCloud9.

About LGC Capital

LGC Capital is uniquely positioned to take advantage of the lifting of the United States embargo of Cuba. LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Reference Note 1: http://blogs.state.gov/stories/2016/08/31/historic-day-cuba-first-scheduled-flight-us-over-50-years-lands

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital – Accelerated Drilling Plans For Onshore Oil Block 9 in Cuba, Farmout Plans For Beehive Oil Project And Plans For New Zealand Project

Not for distribution directly or indirectly in the United States

MONTREAL, Aug. 15, 2016 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that one of its portfolio companies, Australian listed MEO Australia Limited (“MEO Australia“) (ASX: MEO), issued a press release today providing an operational update and near term drilling plans and further resource update plans for its Cuban Block 9 onshore oil acreage, and a farmout update for its Beehive Project in Australia and for its New Zealand oil and gas acreage.

LGC’s interest in MEO Australia has increased to approximately C$6.8 million, a nearly 5 fold increase from LGC’s original entry price.  LGC holds 140.7 million shares (15.8%) of MEO Australia and is its largest shareholder.

David Lenigas, LGC Capital Ltd’s Co-Chairman & CEO, commented; “Our investment in MEO is proving very successful to date with this investment providing a balance sheet boost to LGC of $6.8 million, and we see continued strong interest on this investment going forward as they progress a number of exciting opportunities in their significant oil portfolio in Cuba, Australia and New Zealand. Cuba Block 9 is particularly significant, as they work to accelerate the potential for drilling on Block 9. Given the potential already identified in the first of the three play types on Block 9, we are looking forward to seeing the results of the assessment of the remaining two plays on the Block and their drilling updates.”

MEO Australia’s press release is available on its website at www.meoaustralia.com.au, under “Investor Relations/ASX Releases”.

The full MEO Australia Media Release is as follows:

ASX & Media Release
Operations Update
Key Points:

  • Assessment of resource potential of Upper Sheet and Shallow Tertiary plays on the Cuba Block 9 PSC progressing with initial results expected in Q4 2016
  • Opportunities for accelerated drilling on Block 9 currently being explored with a plan for an initial drilling program expected to be completed in Q1 2017
  • A potential high impact well on Cuba Block 10 operated by Sherritt International, next to Block 9, drilling this year
  • Assessment of New Zealand acreage prospectivity underway with forward drilling program to be determined in Q4 2016
  • Farmout process underway to fund drilling of the potentially giant Beehive Prospect in the Bonaparte Basin

MELBOURNE, AUSTRALIA (15th August, 2016)

MEO Australia Limited (ASX: MEO) is pleased to provide the following update regarding the progress and near term plans of the Company’s key projects.
Cuba – Block 9 Production Sharing Contract

  • Following on from the assessment of the resource potential of the Lower Sheet play, the Company’s assessment of the resource potential of the remaining two plays, the Upper Sheet and Shallow Tertiary plays, is progressing as planned. MEO expects to complete the preliminary stage of this assessment in the fourth quarter of 2016. These resources are in addition to the previously announced resource potential of the Lower Sheet play.
  • MEO has also commenced the work required to accelerate the potential for early drilling in Block 9 based on the significant resource potential identified in the Lower Sheet play. MEO has identified the A2 Lead and follow up to the Marti-5 oil recovery as targets which could potentially be drilled on existing data. MEO is aiming to finalise a drilling plan by the first quarter of 2017 for up to two wells in Block 9.
  • Sherritt International Corporation plans this year to drill a high impact well on neighbouring Block 10 PSC which, if successful, will provide further validation of the significant prospectivity of MEO’s Block 9 PSC in Cuba.
  • To support these activities, MEO has opened a representative office in Havana and appointed former Cupet Exploration Director Dr Rafael Tenreyro as its representative in Cuba.

New Zealand – PEP51153

  • The Joint Venture is progressing its assessment of the prospectivity of PEP51153 and in the fourth quarter will consider whether to proceed with drilling the high impact exploration well.

Offshore Australia – WA-488-P

  • The farmout process for the Beehive prospect has commenced, with preliminary discussions underway with a number of parties.
  • Reprocessing and inversion studies undertaken by MEO support that Beehive is one of the largest undrilled hydrocarbon prospects in Australia.
  • MEO is seeking to complete the farmout process in the fourth quarter of 2016.

MEO Managing Director & CEO Peter Stickland commented:
“While MEO has a number of exciting opportunities in its portfolio, Cuba Block 9 is particularly significant for the Company and we are busy working on a number of fronts to accelerate the potential for drilling on Block 9. Given the … potential we identified in the first of the three play types on Block 9, we are looking forward to seeing the results of the assessment of the remaining two plays. We are also excited to be working towards progressing early drilling opportunities which we identified during the assessment of the Lower Sheet play with the A2 Lead and follow up to the Marti-5 oil recovery being particularly exciting. We look forward to keeping the market informed as we progress these activities in the coming months.”

Peter Stickland
Managing Director & Chief Executive Officer

About LGC Capital

LGC Capital is one of the few public listed companies globally whose primary purpose is investing directly in the fast-growth Cuban economy. The company has significant shareholdings and joint ventures in well-established international businesses operating in the Cuban Oil and Gas exploration, Travel, Events, TV and Film Production support, Human Resources, Agricultural and Import and Export sectors.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital Engages The Howard Group for Strategic Investor Communications

Not for distribution directly or indirectly in the United States

LONDON, United Kingdom and MONTREAL, Aug. 9, 2016  – LGC Capital Ltd. (TSXV: QBA) is pleased to announce that it has engaged The Howard Group Inc. of Calgary, Alberta to provide Investor Relations and Capital Market advisory services.

The Howard Group will focus on programs to expand the following of LGC Capital and involvement of the institutional, investment and retail investing communities. The Howard Group will arrange investor presentations and meetings with the investment community, establish an online presence with the retail investing audience, assist LGC Capital in the preparation of corporate materials, co-ordinate their electronic distribution, advise on LGC Capital’s website and internet presence, and include LGC Capital in The Howard Group’s ongoing electronic blog commentary “Insight LIVE”.

As consideration for these services, LGC Capital will pay The Howard Group a monthly fee of $5,000. In addition, subject to regulatory approval, LGC Capital will grant The Howard Group a stock option in respect of 1,000,000 common shares with an exercise price of $0.135 per share, which will vest on a quarterly basis over twelve months. The stock option will have a term of three years.

The agreement between LGC Capital and The Howard Group may be terminated by either party upon 30 days’ notice, after an initial six-month period ending February 9, 2017.

LGC Capital and The Howard Group are at arm’s length. The agreement between LGC Capital and The Howard Group is subject to the approval of the TSX Venture Exchange.

About LGC Capital

LGC Capital is one of the few public listed companies globally whose primary purpose is investing directly in the fast-growth Cuban economy. The company has significant shareholdings and joint ventures in well-established international businesses operating in the Cuban Oil and Gas exploration, Travel, Events, TV and Film Production support, Human Resources, Agricultural and Import and Export sectors.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Tassie Shoal LNG Project – Environmental Approval Extended to 2052

LONDON, United Kingdom, HAVANA, Cuba and MONTREAL, QC, Aug. 4, 2016 – LGC Capital Ltd. (TSXV: QBA) is pleased to announce that MEO Australia Limited (“MEO Australia“), a company listed on the Australian Securities Exchange (ASX: MEO) and which is one of LGC’s portfolio companies, issued a press release today providing a significant update on MEO Australia’s 100% owned strategic Tassie Shoal Projects (proposed for offshore Northern Australia) with its LNG Project receiving updated environmental approvals that extend the approvals period for the LNG Project to 2052, and increase the flexibility to process gas of varying qualities into LNG.

MEO Australia has also stated that, under full development, the LNG Project has a design capacity of 3 Mtpa and the two Methanol plants would use 440 Mscf/d, or 4 trillion cubic feet (TCF) of raw gas over 25 years. LGC Capital holds 15.8% of MEO Australia and is its largest shareholder. MEO Australia’s press release is available on its web site at www.meoaustralia.com.au, under “Investor Relations/ASX Releases”.

LGC Capital holds 15.8% of MEO Australia and is its largest shareholder. MEO Australia’s press release is available on its web site at www.meoaustralia.com.au, under “Investor Relations/ASX Releases”.

David Lenigas, LGC Capital Ltd’s Co-Chairman & CEO, commented; “This is excellent news for MEO Australia’s massive Tassie Shoal Projects, comprising potentially one LNG plant and two methanol plants, and this latest environmental approval for the LNG side brings the LNG and methanol aspects in line with both having approvals until 2052. These projects are strategically located on a shallow water shoal within the North West Australian hydrocarbon precinct, approximately 275 km from Darwin. This latest approval should add significant long term value to the Tassie Shoals Projects.”

The full MEO Australia Media Release is as follows:

ASX & Media Release

Tassie Shoal Projects – Updated Environmental Approvals

Key Points:

• LNG Project environmental approval extended until 2052, now aligned with Methanol Project.
• LNG Project limit of 3% CO2 feed gas is removed, able to receive gas of varying qualities.
• Methanol and LNG projects provide low cost development options consistent with recent industry trend of modularised construction to reduce costs.

MELBOURNE, AUSTRALIA (4 August 2016)

MEO Australia Limited (ASX: MEO) is pleased to advise that its strategic Tassie Shoal Projects proposed for offshore Northern Australia have received updated environmental approvals that extend the approvals period for the LNG Project to 2052, and increase the flexibility to process gas of varying qualities into LNG.

The potential Tassie Shoal Projects, comprising one LNG plant (TSLNG) and two methanol plants (TSMP1 & TSMP2), are strategically located on a shallow water shoal within the North West Australian hydrocarbon precinct, approximately 275 km from Darwin, and surrounded by significant discovered but undeveloped high CO2 gas fields, currently held under retention leases.

TSLNG has a design capacity of 3 Mtpa and provides significant cost savings relative to other LNG development options. The updated environmental approvals clarify the potential for TSLNG to accept all gas qualities and compete on an even footing with other development options.

Under full development the two Methanol plants would use 440 Mscf/d, or 4 trillion cubic feet (TCF) of raw gas over 25 years. The plants can accept raw gas with a CO2 content of up to 30%. Methanol is a globally traded product with growing global demand in downstream chemical industries and also as a gasoline additive. MEO had previously reported that in conjunction with potential equity partners, it had offered to purchase raw unprocessed gas (including CO2) for US$3.15 MMBTU (January 2015 basis, delivered to TSMP plant gate), an offer which was rejected by producers at the time.

MEO Managing Director & CEO Peter Stickland commented:

“These updated environmental approvals for the LNG Project now align both the requirements for feedstock gas and the approval period to 2052. The Tassie Shoal Projects represent a high potential, low cost and long-term opportunity for MEO shareholders.

The industry is starting to recognise the need to take steps to collaborate to secure lowest cost and efficient resource development in Australia. The unique concept of the Tassie Shoal Projects represents an opportunity for industry to collaborate with MEO to commercialise the significant, undeveloped discovered resources in the region for the benefit of all stakeholders.”

About LGC Capital

LGC Capital is one of the few public listed companies globally whose prime purpose is investing directly in the fast-growth Cuban economy, through its wholly-owned subsidiary Leni Gas Cuba Ltd.

Leni Gas Cuba has significant shareholdings and joint ventures in well-established international businesses operating in the Cuban Oil and Gas exploration, Travel, Events, TV and Film Production support, Human Resources, Agricultural and Import & Export sectors.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

LGC Capital Ltd
www.lgc-capital.com

Canada Office contact:
Rafi Hazan, Secretary and Director
Tel: (514) 839-7234

London Office contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Anthony Samaha, Chief Financial Officer
Tel: +44 (0) 20 7440 0640