XL XXL Energy Corp

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES


XXL Energy Corp. (the "Company") (TSX VENTURE:XL) announces that it has
completed yesterday its non-brokered private placement (the "Offering") of
2,000,000 units ("Units") at a price of $1.50 per Unit for total gross proceeds
to Exxel of $3,000,000. Each Unit consists of one common share and one common
share purchase warrant (a "Warrant"). Each Warrant will entitle the holder
thereof to purchase one additional common share of Exxel at an exercise price of
$1.62 for a period of five years. Certain insiders of the Company have
subscribed for 1,300,000 Units while 700,000 Units were subscribed for by arm's
length party.


In accordance with applicable securities legislation, the securities comprising
the Units are subject to a "hold period" of four months plus one day from the
date of issuance of the Units.


The Company will use proceeds from the Offering to fund drilling and completion
costs on the Company's existing properties, and for general working capital
purposes.


In addition, the Company has issued to Giant Energy Ltd. ("Giant") 71,301 common
shares in the capital of the Company (the "Bonus Shares") as the bonus shares
granted in consideration for the loan from Giant as previously disclosed in the
Company's press release dated June 23, 2008. The Bonus Shares will be subject to
a "hold period" of four months plus one day from the date of issuance of the
Bonus Shares.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state laws or an exemption from
such registration is available. Any public offering of securities to be made in
the United States will be made by means of a prospectus that may be obtained
from the issuer or the selling securityholder and that will contain detailed
information about the company and management, as well as financial statements.


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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