Lion Energy Corp. is a Canadian exploration company focused on the acquisition, exploration and development of oil and gas reserves in Central and East Africa. The company today made a joint announcement with Southern Star Energy Inc. (SSEY.OB), a U.S.- based oil and gas exploration company, and Gold Star Resources Corp. (TSX-V: GXX), a Canadian resource exploration company focused on the strategic acquisition and advancement of prospective oil and gas projects in West Africa, stating that the three companies have signed a non-binding letter of intent to create a mid-sized, “well-capitalized” company with domestic and international exploration operations.

The proposed combination of the three companies will result in one company backed by an experienced management team and board of directors, which will ultimately benefit shareholders as the company takes advantage of growth opportunities.

“The collaboration of Lion, Southern and Gold Star combines an excellent portfolio of diverse African exploratory opportunities

Southern Star Energy specializes in the acquisition and drilling of under-drilled oil and natural gas properties. So far this tactic has minimized the risk to the company and new technologies have made drilling processes more efficient. The Company has 5,700 acres of land under lease in Louisiana and has drilled three deep test wells to approximately 9,950 feet with the potential for 80 more wells. The newest location is called the Haynesville Discovery, which is strategically located in the center section of the Company’s Sentell Field in Bossier Parish, Louisiana.

Southern Star Energy believes this region of the state to be very lucrative, with proven and probable reserves of 58 million barrels and 5.8 trillion cubic feet. The state of Louisiana has 18 operating refineries, with over 2.5 million barrels per day of refining capacity. Advancements in drilling, evaluations, and completions, coupled with significant gas and oil price increases, has turned