SPA signed in 2014, Tabaquite Block, Trinidad

For Immediate Release, 7am

21 August 2015

LGO ENERGY PLC

("LGO" or the "Company")

SPA signed in 2014, Tabaquite Block, Trinidad

LGO is aware of the misleading allegation made by Trinity Exploration & Production Plc ("Trinity") in its recent Q2 2015 Operational and Financial Update RNS concerning the Sale and Purchase Agreement ("SPA") signed in 2014 with respect to the Tabaquite Block. LGO, having taken legal advice, refute in its entirety Trinity's claim that LGO is in breach of the SPA. LGO have previously put Trinity on notice that they are the party that have breached the SPA and that until Trinity remedy that breach LGO is unable to proceed further with the agreement. The Company has both directly and through its legal representatives notified Trinity of their breach of the SPA and of their need to remedy that breach so as to allow the agreement to proceed. LGO has consequently reserved all of its rights to take such action as it deems necessary against Trinity to protect the Company and its shareholders' interests.

Qualified Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for LGO Energy plc, who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London.

Enquiries: