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8-K - FORM 8K CURRENT REPORT - Astro Aerospace Ltd.lux8k050610.htm

Exhibit 99.1


Lux Energy Updates Shareholders on the Mississippi Tuscaloosa Deep Play


Press Release Source: LUX Energy Corporation On Tuesday May 4, 2010, 8:00 am EDT


CALGARY, May 4 /PRNewswire-FirstCall/ - Lux Energy Corp. (OTC BB:LUXE.ob - News), an oil and gas production and exploration company, is pleased to announce that it is finalizing title curative and expects to stake location within ten days on its Northwest Summit Prospect.


The Northwest Summit Prospect lies in the heart of the prolific Lower Tuscaloosa Trend in southwest Mississippi. The objective Lower Tuscaloosa "C" sand has been an excellent producer in a widespread number of fields such as Little Creek (64,398,715 BO), Mallalieu (42,461,714 BO), Brookhaven (59,182,419 BO), Smithdale (8,694,827 BO), and East Fork (4,235,788 BO). Based on the analogous West Lazy Creek Field it is possible to project 6 or more productive locations with an average production of 450,000 BBLS per well for total potential reserves in excess of 3 million BBLS.


Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Further information and news releases are available at www.luxenergycorp.com.


"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although Lux Energy Corp believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.