UrtheCast and Longford Energy Inc. Announce TSX Conditional Listing Approval

TORONTO, May 23, 2013 /CNW/ - Longford Energy Inc. (NEX - LFD.H) ("Longford") and Earth Video Camera Inc. ("UrtheCast") are pleased to announce that the Toronto Stock Exchange ("TSX") has conditionally approved listing of Longford's common shares under the ticker symbol "UR" upon completion of the previously announced plan of arrangement involving Longford and UrtheCast (the "Arrangement"). Listing is subject to Longford meeting the initial listing requirements of the TSX and meeting all conditions imposed by the TSX.

A joint information circular (the "Circular") with respect to the Arrangement has been filed with Canadian securities regulators and mailed to Longford and UrtheCast shareholders. The Circular is also available for review on the SEDAR website (www.sedar.com).

Forward-Looking Statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the listing of Longford's common shares on the TSX. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Longford to control or predict, that may cause Longford's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the risk that the Arrangement will not be approved by the applicable stock exchange, the court or the shareholders of Longford and/or UrtheCast, as applicable; risks and uncertainties related to the arrangement not being completed in the event that the conditions precedent thereto are not satisfied and other related risks and uncertainties. Longford undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the 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.

SOURCE: Longford Energy Inc.