XGN.H Xgen Ventures Inc.

The Board of Directors of XGEN Ventures Inc. (the "Company" or "XGEN") (NEX
BOARD:XGN.H) is pleased to announce that as part of its continuing efforts to
increase its holdings in oil and gas properties, it has entered into a proposed
agreement with Delphi Energy Corp. (the "Vendor") to purchase their interests in
certain assets in the Peace River Arch region of Northern Alberta.


The Company has agreed to purchase from the Vendor a section of pipeline
estimated to be about 10Km in length. XGEN has also agreed to purchase the
Vendor's interest in various wells and certain surface and mineral rights
located in the Montag region, for which Delphi was a working interest partner.


The value of this transaction was negotiated at arm's length and settled for a
cash purchase price of $75,853.10. The effective date of the acquisition is
April 1, 2009 and a closing date of July 1, 2009 is anticipated, once certain
titles and caveats are perfected and transferred.


XGEN is the operator of the Montag Gas Processing Facility, which processes
natural gas in the Montag region of the Peace River Arch in Northern Alberta.
The facility has a rated capacity of 15MMcf/day, and is currently processing
XGEN's own production from various wellsites in the area, as well as third-party
volumes.


Forward-Looking Statements

Information provided herein contains forward-looking statements. The reader is
cautioned that assumptions used in the preparation of such information, which
are considered reasonable by the Company at the time of preparation, may prove
to be incorrect. Actual results achieved may vary from the information provided
and the variations may be material. There is no representation by the Company
that actual results achieved will be the same in whole or in part as those
indicated in the forward-looking statements.

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