XL XXL Energy Corp

XXL Energy Corp. (the "Company" or "XXL") (TSX VENTURE:XL) announces that it has
entered into a loan pursuant to which it will borrow up to $1,000,000 (the
"Loan") from Giant Energy Ltd. ("Giant"). The loan is unsecured and evidenced by
a short-term promissory note (the "Promissory Note").


In accordance with the terms of the Promissory Note, Giant will lend XXL up to
$1,000,000 for a term of up to 6 months (the "Term") at an annual rate of
interest equal to ten percent (10%), such interest to be accrued and payable at
the end of the Term. In consideration for the Loan, XXL will pay Giant a bonus
consisting of up to 71,301 common shares in the capital of XXL (the "Bonus
Shares"). The Bonus Shares will be subject to a 4 month hold period. XXL has
determined that the Loan will allow XXL to have the financial wherewithal to
meet near-term commitments as they become due and give XXL the time required to
raise additional capital once market conditions have improved.


The entering into the Loan and the terms of the Promissory Note were approved by
those directors of XXL who are independent of Giant. The remaining two directors
of XXL, John Hislop and Clifford Adams, who are related parties, abstained from
voting. After issuing all of the Bonus Shares, Giant will own 71,301 common
shares in the capital of XXL, representing 1.4% of the issued and outstanding
common shares of Exxel.


About XXL Energy Corp.

XXL, headquartered in Houston, is an independent oil and gas exploration and
development company focused in the Greater Green River Basin of Wyoming, the
Columbia River Basin of Washington, the Piceance Basin of Colorado, the Great
Basin of Nevada, and the Williston Basin of North Dakota.


In the interests of providing Company shareholders and potential investors with
information regarding the Company, including the Company's assessment of its and
its subsidiaries' future plans and operations, certain statements included in
this press release may constitute forward-looking information or forward-looking
statements (collectively, "forward-looking statements"). All statements
contained herein that are not clearly historical in nature are forward-looking,
and the words "anticipate", "believe", "expect", "estimate" and similar
expressions are generally intended to identify forward-looking statements.
Similarly, forward-looking statements in this press release include, but are not
limited to anticipated developments of the Company's drilling project in and the
timing thereof, the Company's drilling project in and the timing thereof,
capital investment levels and the allocation thereof, pipeline capacity,
government royalty rates, reserve and resources estimates, the level of
expenditures for compliance with environmental regulations, site restoration
costs including abandonment and reclamation costs, exploration plans,
acquisition and disposition plans including farmout plans, net cash flows,
geographic expansion and plans for seismic surveys.

In addition, please note that statements relating to "reserves" or "resources"
are deemed to be forward-looking statements, as they involve the implied
assessment, based on certain estimates and assumptions, that the reserves and
resources described can be profitably produced in the future. Such statements
represent the Company's internal projections, estimates or beliefs concerning,
among other things, an outlook on the estimated amounts and timing of capital
expenditures, anticipated future debt levels and incentive fees or revenues or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. These statements are only
predictions. Actual events or results may differ materially. Although the
Company believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot guarantee future results, levels of
activity, performance or achievement since such expectations are inherently
subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause the Company's actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company and the
foregoing list of important factors is not exhaustive. These forward-looking
statements are made as of the date hereof disclaims any intent or obligation to
update publicly any forward-looking statements, whether as a result of new
information, future events or results or otherwise. Company shareholders and
potential investors should carefully consider the information contained in the
Company's filings with Canadian securities administrators at www.sedar.com
before making investment decisions with regard to the Company.

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