You should rather xor it with two other random keys.
Rather you have a private key p of n bytes. Create two cryptographically random keys k1 and k2 of n bytes each. Derive a key k3=(p XOR k1) XOR k2. k1, k2 and k3 are your distributed keys. To recompute p you need to do p = (k3 XOR k2) XOR k1.
A XOR is trivial to implement and I would expect be reasonably robust.