Lux Energy Prepares to Open Up "B" Well at its West Central Alberta Project

CALGARY, Feb. 16 /PRNewswire-FirstCall/ - Lux Energy Corp. (OTC BB: LUXED), an oil and gas production and exploration company, today announced that the operator of its West Central Alberta project has informed the Company that "B" well on the property is drilled, cased, equipped and tied into a production pipeline awaiting fracture stimulation.

There are two zones of interest in this well that are targeted for production. The operator will fracture stimulate both zones and the well will be produced on a combined zone basis. To date, the well has had a preliminary series of flow tests and it appears to be liquid rich flowing as high as 500 mcf/day and 9 bbls per hour liquid condensate. The fracture is expected to occur within the next few weeks.

In July, 2009, "B" well was opened up and blew in at 580 mcf at 1000 psi with 9 bbls fluids recovered within the first hour without a fracture. Despite these positive results, economic conditions and energy prices at the time did not make the well cost-effective.

"B" well was originally drilled 11 years ago and blew in at 1,000 mcf initially after the 10 ton fracture. It was drilled to a depth of 1900 meters where a glauconite zone was discovered.

"Estimates for this well point to an outstanding revenue stream for the Company," commented Shane Broesky, President of Lux Energy Corp. "All parties agree that the time is right to open up "B" well and we are eagerly anticipating excellent results within the coming weeks."

Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Further information and news releases are available at www.luxenergycorp.com.

"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although Lux Energy Corp believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE LUX Energy Corporation