MOU - China based clean energy projects specialist

3 April 2012

Altona Energy Plc ("Altona" or "the Company")

MOU with China based clean energy projects specialist

Altona, the AIM listed energy company, announces that it has entered into a Memorandum of Understanding (the "Agreement" or "MOU") with Maison Global, an established EPC1 & Project Management provider for clean energy projects in the Peoples' Republic of China ("PRC" or "China"). The Agreement is to collaborate in the business development of project opportunities in the area of coal and biomass gasification in China for the production of transportation fuels, energy products and power.

Altona Chairman, Chris Lambert commented: "The combination of Altona's capabilities and its relationships with leading clean energy technology providers is now complemented by a leading Design-Build Contractor in China with successful experience in clean energy projects, in Maison Global. This MOU should provide exciting opportunities to collaborate on clean coal project opportunities in China, one of the world's largest markets for clean coal energy."

Maison Global is one of the PRC's leading international engineering design, procurement and construction groups, with extensive experience in the PRC in coal and biomass gasification projects for the production of transportation fuels and power. Maison Global was established in 1999 as one of the first western engineering and construction companies managed according to international practices established in PRC.  Maison Global delivers domestic and international EPCM2, LSEPC3 and LS4 Construction projects in collaboration with its Chinese partners. Maison Global has an alliance in the PRC with ThyssenKrupp Uhde, one of the world's leading engineering companies in the design and construction of chemical, refining and other industrial plants. For more information visit www.maisonglobal.com.

Michael Silva, CEO of Maison Global, commented: "This is a great opportunity to develop new clean energy projects in the PRC, with carbon capture and utilization that will meet the growing demand for power, fuel and chemicals in the region."

The Agreement with Maison Global complements the Company's existing valuable relationships with other leading clean energy technology providers, including Rentech, Inc. and Carbon Recycling International ("CRI"). Rentech has proprietary technologies for the Fischer-Tropsch Process and the gasification of biomass, enabling the production of transportation fuels such as low sulphur diesel and aviation fuels. CRI is the holder of proprietary technology for the production of fuel grade renewable methanol from CO2 and hydrogen. These technologies have potential applications at the Arckaringa Project and can also potentially provide complementary business opportunities in China that leverage the Company's technical capabilities, experience and commercial relationships gained from the Arckaringa Project.

1 Engineering, Procurement & Construction

2 Engineering, Procurement & Construction Management

3 Lump Sum EPC

4 Lump Sum Construction

**ENDS**