Warrior Energy N.V.

Warrior Energy N.V.
XXL Energy Corp.

XXL Energy Corp.

November 24, 2008 09:00 ET

Warrior Energy N.V. Announces US$2,000,000 Loan to XXL Energy Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2008) - Warrior Energy N.V. ("Warrior") (TSX VENTURE:WEN) and XXL Energy Corp. ("XXL") (TSX VENTURE:XL) and its wholly-owned subsidiary Exxel Energy (USA) Inc. ("Exxel") announce that Warrior has agreed to acquire, from an arm's length third party for US$2,000,000, the debt and mortgage security owed by Exxel to the third party. The debt was incurred by Exxel pursuant to the Purchase and Sale Agreement dated May 1, 2007 under which Exxel purchased approximately 128,000 gross (40,800 net) acres in the Green River Basin of Wyoming and the Williston Basin of North Dakota. To the date of closing Exxel will have paid approximately US$6,350,000 of the US$8,350,000 original purchase price. The remainder is secured by the mortgage being acquired by Warrior.

Warrior is funding the transaction from cash on hand. The transaction is expected to close November 24, 2008.

The effect of the transaction is that Warrior is lending US$2,000,000 to Exxel for approximately six months. The loan is due May 29, 2008 and XXL is to repay Warrior a total of US$2,500,000 at that time. No shares or other securities are being issued. Warrior, XXL and Exxel are related parties in that they have a director in common and more than one common substantial shareholder.

The loan transaction is subject to TSX Venture Exchange approval.

About Warrior and about XXL

Warrior and XXL are both emerging junior oil and gas exploration and production companies primarily focused on identifying and exploiting large-scale natural gas opportunities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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