Lignol Announces Share Issuance to Independent Directors



    VANCOUVER, Feb. 27 /CNW/ - Lignol Energy Corporation (TSX-V: LEC)
("Lignol" or "the Company"), a leading technology company in the cellulosic
ethanol and biorefining sector, today announced it has approved the issuance
of a total of 267,645 common shares to its two independent directors as
payment for the after-tax portion of director fees of $35,407 that were earned
during the nine month period ending January 31, 2009. These shares were issued
at a deemed price of $0.13229 per share. The shares are subject to a four
month hold period from the date of issue under applicable securities laws.
Issuance of the common shares remains subject to the approval of the TSX
Venture Exchange.

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's
modified solvent based pre-treatment technology facilitates the rapid,
high-yield conversion of cellulose to ethanol and the production of
value-added biochemical co-products, including a HP-L(TM) High Purity Lignin.
Lignol is executing on its development plan through strategic partnerships to
further develop and integrate its core technologies on a commercial scale.
Lignol also intends to invest in, or otherwise obtain, equity interests in
energy related projects which have synergies with its biorefining technology.
For more information about Lignol, please visit our website at www.lignol.ca.

    
      Neither TSX Venture Exchange nor its Regulation Services Provider
               (as that term is defined in the policies of the
                            TSX Venture Exchange)
             accepts responsibility for the adequacy or accuracy
                               of this release.
    

    Caution concerning forward-looking statements:

    Certain statements contained in this document may constitute
forward-looking information within the meaning of applicable securities laws.
Such forward-looking statements or information include, without limitation,
statements or information about our ability to exploit commercial
opportunities and broaden our market opportunities for a range of cellulosic
derivatives and environmentally sustainable biochemicals and our ability to
pursue these opportunities with strategic partners. Often, but not always,
forward-looking statements or information can be identified by the use of
words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes" or variations of such words and phrases
or words and phrases that state or indicate that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. Such statements or information reflect Lignol's current views with
respect to future events and are subject to certain risks, uncertainties and
assumptions including, without limitation, our ability to develop our products
and our ability to enter into agreements with strategic partners on terms
acceptable to us. Forward-looking statements and information are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by management, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Many factors could
cause Lignol's actual results, performance or achievements to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements or information
including, among other things, those risk factors which are discussed
elsewhere in documents that Lignol files from time to time with securities
regulatory authorities. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking statements
or information prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed, estimated or
expected. Except as required by law, the Company expressly disclaims any
intention or obligation to update or revise any forward looking statements and
information whether as a result of new information, future events or
otherwise. All written and oral forward-looking statements and information
attributable to us or persons acting on our behalf are expressly qualified in
their entirety by the foregoing cautionary statements.

    %SEDAR: 00004360E




For further information:

For further information: Lignol Energy Corporation, Paul Hughes, Vice
President - Corporate Development and Communications, Tel: (604) 453-1246,
Email: phughes@lignol.ca, Email: info@lignol.ca; The Equicom Group, Bruce
Wigle, Investor Relations, Tel: (416) 815-0700 ext. 228, Email:
bwigle@equicomgroup.com

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Lignol Energy Corporation

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