LUXE: OTC-BB CALGARY, July 10 /PRNewswire-FirstCall/ -- Lux Energy Corp (the "Company") is pleased to announce that it has negotiated to acquire its first working interest in Alberta. The project is a 2 well program in Barrhead West Central, Alberta, near Edmonton. The Barrhead C & D wells project includes two wells, one is a capped re-completion well in an area with proven production records and the other is a new drill target in a proven development field. The new drill target was successfully drilled and encountered 3 gas zones and 1 potential oil zone in the Baniff formation. Well D is scheduled to be uncapped and tied into the pipeline around the end of July. The first well has been drilled to a depth of 1220 meters or approximately 4000 feet. This well was drilled this spring and has encountered 4 gas zones. The well encountered two pay zones in the Belly River structure: the Viking and Banff zone. The Operator perforated the Banff zone and the well free flowed at 680,000 cubic feet with an additional 1 BBL of liquids per hour. The well was flowed for 24 hours and settled in at 400 psi. The well was shut in and it pressured to 1000 psi in less than 1 hour. Indications are that this should be a prolific flowing zone with excellent reserve potential given how quickly the well pressured up. The Operator has installed meters in the hole which will remain for 1 week to access more precise information on the reserve potential. "The Barrhead C & D wells have been projected to produce approximately 1850 mcf/day of Natural Gas and 60 bbl/day of Oil & Condensate. The Company's working interest would be 4% and is estimated to provide over $200,000 in annual income based on current spot prices. If oil and gas prices rise the revenue from this interest would also rise. Given current oil and gas prices we believe that this working interest will not only provide Lux Energy with a solid revenue stream going forward but it will likely increase. Lux Energy has a number of other producing acquisition targets and is currently in negotiations." A copy of the filed information can be found for viewing by electronic means by viewing the Company's filings on http://www.edgar.com/. Lux Energy Corporation Lux Energy is an oil and gas acquisition and production company focusing on developing oil resources in North America. Safe Harbor Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of oil or gas resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the oil and gas industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at http://www.sec.gov/). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. DATASOURCE: LUX Energy Corporation CONTACT: please visit http://www.luxenergycorp.com/ or contact Shane Broesky at: Corporate Office, Suite 1950 - 777 8th Ave S.W., Calgary, Alberta, T2P 3R5, Canada; Investor Relations, TF: (866) 777-4568, TF: (866) 581-3484,

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