L&L Energy Announces Initiation of Coverage by Independent Equity Research Firm SeeThruEquity, LLC

SEATTLE, Oct. 10, 2013

"We initiate coverage on L&L Energy, Inc. ("L&L") with a price target of $5.43 per share.  L&L is a vertically integrated coal company operating in southwestern China, selling thermal, metallurgical and coking coal to State Owned entities and various private companies.  As of July 31, 2013, they operated five coal mines, two coal washing plants and three wholesale distribution networks in the Guizhou and Yunnan provinces of China," remarked Ajay Tandon, Director of Research at SeeThruEquity, LLC.

Tandon continued, "Our analysis indicates a fair value estimate of $5.43 per share (detailed on pages 7 and 8), implying an upside of 311% from the recent price of $1.32.  We view L&L as a speculative play in the Chinese coal market, with the potential to generate attractive top and bottom line growth through organic and acquisition opportunities."

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The investment opinions expressed are solely those of SeeThruEquity, LLC. SeeThruEquity, LLC has not been compensated for the preparation of the report on the Company by any third party or the Company.