XGEN Director Acquires Working Interest

The Board of Directors of XGEN Ventures Inc. ("the Company" or "XGEN") (TSX
VENTURE:XGN.H) announces that it has approved a transaction wherein a Director
of the Company ("Purchaser") has negotiated with a private group ("Vendor") to
purchase the Vendor's 30 percent working interest in the Montag wellsites,
pipelines and facilities located in the Montag region, of which XGEN is the
operator.


The Purchaser has also agreed to loan the Company an additional sum of
$400,000.00, under the same terms as the Purchaser's existing loan to XGEN,
which XGEN will utilize to retire its loan and general security agreement with
the Vendor.


The transaction is to be effective December 15, 2009, and closing is anticipated
to be finalized on or about December 24, 2009.


XGEN (XGN.H) is an explorer, producer, processor and operator of wellsites and
facilities within the Peace River Arch region of Northwestern Alberta, with core
assets located in the Montag region.


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.

Xgen Ventures Inc. (TSXV:XGN.H)
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