swapoff /dev/vg_foo/lv_swap
lvextend -L+100M /dev/vg_foo/lv_swap
mkswap /dev/vg_foo/lv_swap
swapon /dev/vg_foo/lv_swap
That is: disable swapping on the volume, extend it, re-create the swap area and enable swapping again.
Swap will need to be recreated with mkswap to the new size to be seen.
Modified From: http://oxygene.sk/2009/12/resizing-a-lvm-swap-volume/