“LOST” alum Maggie Grace is set to star opposite Guy Pearce (Don’t Be Afraid of the Dark) in producer Luc Besson’s sci-fi actioner Lockout. Directed by James Mather, the film follows a convicted U.S. government agent’s (Pearce) attempt to rescue the president’s daughter (Grace) from a space prison riot in exchange for his freedom.

Grace, best known for her portrayal of spoiled rich girl Shannon Rutherford on ABC’s sci-fi drama “LOST,” made her (major) horror film debut in Columbia Pictures’ 2005 remake of John Carpenter’s The Fog. Memorable roles in 2009’s Malice in Wonderland, a clever retelling of the “Alice in Wonderland” fable, and the 2008 abduction-thriller Taken followed.

The Ohio born, 27-year-old stunner will next be seen as vengeful vampire Irina Denali in Summit Entertainment’s final Twilight Saga movies, Breaking Dawn: Part 1 & 2, arriving in theaters on Nov. 18, 2011 and Nov. 16, 2012, respectively.

Upstart distro FilmDistrict has set a Feb. 24, 2012 release date for Lockout.