XGN.H Xgen Ventures Inc.

The Board of Directors of XGEN Ventures Inc. (the "Company" or "XGEN") (NEX
BOARD:XGN.H) announces that the TSX-V halt on trading of the Company's shares
which was introduced January 30, 2009 continues in force while the Company
completes a continuous disclosure review initiated by the Exchange in December,
2008.


The Board of Directors has been responding to the enquiries made by the TSX
Venture Exchange as part of this continuous disclosure review and continues to
work with the Exchange to resolve any remaining open points from the review
process. The Board of Directors will provide further updates as appropriate as
the process continues.


The Board of Directors also announces that it will file a notice for meeting and
record date for a proposed Annual General Meeting of the shareholders of XGEN.
The proposed date for the Annual General Meeting is Monday, July 20th, 2009.


The Board of Directors is providing the following updates on the Company's
activities:


XGEN was successful in the quarter ending December 31, 2008, in reactivating two
of the shut-in wells that it had previously acquired, as stated in its press
release dated June 13, 2007. Gas production and revenues have commenced on these
wells, and the Company continues to pursue the reactivation of other wells that
it has acquired in the same region.


The gas processing and gathering facilities that XGEN also acquired have been
refitted and activated. The Company is currently seeking to ramp up its
production and processing volumes and is seeking to process third-party gas in
addition to its own escalating volumes.


XGEN has been cooperatively dealing with its working interest partners in these
properties and facilities in an effort to increase commercial production,
through the acquisition of additional properties and the progressive evaluation
of various other wellsites owned by the Company.


The Company recently filed its quarterly financial statements as of December 31,
2008. Pertinent information can be viewed at www.sedar.com. The Company reports
net revenues as $127,621.00 for the quarter then ended.


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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