CALGARY, Nov. 24 /PRNewswire-FirstCall/ - Lux Energy Corp. (OTC BB: LUXE), an oil and gas production and exploration company, today reported financial results for the third quarter and nine months ended September 30, 2009, and provided an update on property holdings.

Corporate Highlights

During the third quarter of the fiscal year 2009 the Company's name was changed to Lux Energy Corp., a new business plan was adopted, and new management was introduced.

The Company arranged private funding of $180,974 (CDN$195,000) and acquired a 4.09771% and a 1.9994% working interest in oil and gas properties located in the Barrhead and Bigoray areas of Alberta, Canada. Lux also acquired a 0.011% working interest in Quinlan # 2 located in the state of Oklahoma.

Third Quarter 2009 Financial Results

Operating revenues for the three months ended September 30, 2009 were $571 compared to $nil for the three months ended September 30, 2008. The increase in revenues was due to the acquisition of oil and gas properties located in Alberta, Canada.

The Company posted a comprehensive loss of $13,369 for the quarter ended September 30, 2009, compared to a comprehensive loss of $21,062 for the same period from the previous year.

The Company posted a comprehensive loss of $21,377 for the nine months ended September 30, 2009, versus a comprehensive loss of $21,062 for the same three month period in the prior fiscal year.

Shane Broesky President and CEO of Lux Energy commented, "It's an exciting time for the Company. In just a few short months since adopting our new business focus in the oil and gas industry we have begun to see results, albeit modest. We have raised capital, we have already acquired interests in a number of projects, we are currently in final negotiations on another property, and will continue to aggressively pursue further opportunities. In the coming months the Company will also be building its Board of Directors by offering seats to a select group of experienced petroleum industry professionals."

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.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lux Energy's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

SOURCE LUX Energy Corporation

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