CALGARY, Nov. 18 /PRNewswire/ - Lux Energy Corp. (OTC BB: LUXE), an oil and gas production and exploration company, today reported that it has signed a Letter of Intent with Dejour Alberta Energy Ltd. "DEAL", a subsidiary of Dejour Enterprises (TSX, NYSE: DEJ), for a 1.5% working interest in DEAL's producing Woodrush and Drake properties in Northern British Columbia.

Woodrush and Drake are key producing properties in northern British Columbia, 60 miles due north of Ft. St John. The properties comprise five separate leases totaling 4,000 acres, on which three separate reservoirs are produced through six wells. In addition to the wells, DEAL owns and operates the production gathering system and a state-of-the-art sour oil and gas production facility sized to handle more than 1000 BOPD and 3 MMCFD.

Shane Broesky President and CEO of Lux Energy commented, "We are very pleased to enter into a working partnership on such a promising project as Woodrush and Drake, with successful operators like Dejour. Management believes that this acquisition will increase the Company's value and strengthen future revenues. This is another step in Lux's ongoing strategy of building a robust Company through the acquisition of profitable, producing oil and gas properties."

Investment in the production facility at start up was in excess of CAD$ 6.5 MM and it is sized to handle the full development of the gas and oil pools located under the umbrella of DEAL properties. Production facility at Woodrush began in April of 2008 and is currently yielding restricted flows of net 400 BOE/d.

A new oil well will be spudded early in December, 2009, slated for production by January, 2010 and a state of the art 3D seismic program is currently being conducted by Dejour prior to the drilling of up to 2 additional wells in March 2010, targeting April 2010 production close to 800BOE/d. Three future gas and 3 addition oil wells are planned for the 2010-11-12 drilling season.

Dejour is targeting $20MM in gross revenues from this project in 2010. With a successful three well drilling program in 2009/10 NPV-10 values are expected to double to $40MM by the end of the current drill season.

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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