Award of CBM Block at Mannargudi

June 25, 2010

Great Eastern Energy Corporation Limited

Award of CBM Block at Mannargudi

Great Eastern Energy Corporation Limited ("Great Eastern"), a company involved in the exploration, development and production of coal bed methane in India, is pleased to announce that yesterday the Ministry of Petroleum & Natural Gas (MoPNG) has announced the award of one CBM block to Great Eastern under the CBM-IV round (http://pib.nic.in/release/release.asp?relid=62794). The said block (Mannargudi) is situated in the state of Tamil Nadu, Southern part of India. The block spreads in an area of 691 Sq. Km and the CBM resource of the block is estimated at 0.98 TCF as per the information from Directorate General of Hydrocarbons (DGH). Further details will be announced in due course.

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For Further Information:

Great Eastern Energy

YK Modi, Chairman & CEO +44 (0)20 7337 1516

Prashant Modi, President & COO

Arden Partners

Richard Day +44 (0)20 7614 5900

Adrian Trimmings

RBC Capital Markets

Martin Eales +44 (0)20 7653 4000

Brett Jacobs

Pelham Bell Pottinger

Philip Dennis +44 (0)20 7861 3919

Elena Dobson +44 (0)20 7861 3147