SOURCE: Xun Energy, Inc.

December 21, 2010 08:45 ET

Xun Energy Hires Executive Vice President, Marketing and Strategic Development

PORTLAND, OR--(Marketwire - December 21, 2010) - Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) Xun Energy, Inc. announces the hiring of Wayne St. Cyr as Executive Vice President, Marketing and Strategic Development after an aggressive search for the right proponent.

Mr. St. Cyr comes to us leaving a distinguished 10 year career with RBS Group (Royal Bank of Scotland) which includes a six time recipient of the President's Award for exceeding company objectives and developing almost $2 billion in total business volume. During his tenure at RBS/Citizens Financial Group, he was responsible for developing the key alliances with Citizens Bank. His first objective with XNRG will be to plan and implement the funding of the drilling and completion of 500 oil and gas wells in the previously announced planned acquisition from GEA of the 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky.

When asked what attracted Mr. St. Cyr to leave a solid career at RBS, he replied, "Actually, it was an obvious choice for me and my family. I truly believe an opportunity of this magnitude may only come once in a lifetime. This company, even in this early stage, is poised to become a major contender in the US market." 

XNRG recently executed a Letter of Intent (LOI) with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. The LOI will provide a framework for the Parties to enter into a Definitive Agreement which is anticipated to be approved by the respective Board of Directors on or before January 17, 2011 with a closing on or before January 31, 2011.

XNRG and GEA are planning an aggressive 15 well drilling program to commence in early 2011. XNRG plans to capitalize on Mr. St. Cyr's reputation and experience in the banking and financial industry to capitalize the Company.

"We are pleased to have attracted Wayne St. Cyr and have him join the XNRG leadership team as we are building a team that has the vision and leadership to build a very successful high growth company," stated Peter Matousek, XNRG President. "We are on an aggressive path and his compelling experience will assist the Company in achieving our goals," he stated.

About XUN ENERGY, INC.

Xun Energy, Inc. (XNRG) is a development stage company. We are a shell, which is a company that has limited assets, other than cash, and no viable business plan at this moment. XNRG's mission is to purchase or develop a revenue producing asset.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the oil and gas operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

For Further information on this news release or on XNRG, please visit http://www.xunenergy.com/ or contact XNRG's Investor Relations Department, telephone: 1-775-200-0505, e-mail address: investor@xunenergy.com

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