Argenta Announces Shareholder Approval of Share Consolidation and Name Change

December 09, 2009

TORONTO, ONTARIO--(Marketwire - Dec. 9, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Argenta Oil & Gas Inc. ("Argenta") (TSX VENTURE:AZA) announces that the Company is proceeding with the initiatives that were authorized by the shareholders at the Company's Annual & Special Meeting held Monday, December 7, 2009. Accordingly, Argenta will be filing Articles of Amendment to change the Company's name to Azabache Energy Inc. and to consolidate each of the issued and outstanding shares by changing each five (5) common shares into one (1) common share. The Company anticipates its trading symbol will remain AZA.

For further information on Argenta Oil & Gas; please visit the Company's website at www.azaenergy.com.

This press release was prepared by Argenta Oil & Gas Inc. which accepts the responsibility as to its accuracy. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Azabache Energy Inc.
Claudio Larotonda
President & CEO
+54.11.4893.4004
clarotonda@azaenergy.com
www.azaenergy.com

Azabache Energy Inc.
Glenn Van Doorne
Chairman
+403.966.8739
gvandoorne@azaenergy.com
www.azaenergy.com