XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to provide a
comprehensive update on its Blackflake East and West projects and other
corporate items.


Q1 2014 Drill Program and Planned Exploration Program

Xmet has received the assay results from the lab on four drill holes aimed at
its first target. There was no economic graphite mineralization reported. The
drilling program was halted after testing four preliminary holes due to spring
runoff preventing access to other drill targets on the Blackflake East property.
The first target had been selected due to its close accessibility to a logging
road. Once ground conditions permit and water levels recede, Xmet will proceed
to prioritize the remaining seven pipe like targets on Blackflake East.


Shortly after the drilling was halted, a high priority graphite target
identified during a 2014 winter airborne electromagnetic (VTEM) flown by Metals
Creek (TSX VENTURE:MEK) was optioned by Xmet (see press release dated May 22,
2014 and below).


The initial four drill holes on target one tested a circular magnetic low with
coincident VTEM electromagnetic response. This anomaly was explained by highly
altered syenite basement beneath 40 meters of overburden cover, limestone and
clay. The remaining seven untested drill targets on the Blackflake East property
include potential kimberlite diatremes described in the 2014 Geotech VTEM survey
report. These targets will require additional ground geophysical surveys and
will be prioritized for drilling pending the results of the upcoming surveys. A
potential massive sulphide target with excellent access will also be further
ground tested on the Blackflake East project. Graphite continues to be the
highest priority exploration target for Xmet on the Blackflake East and West
properties.


High Priority Graphite Target with 'All Channel' EM Response on Blackflake West
Claims


The recently optioned 'top priority' Blackflake West VTEM target is considered
to have excellent potential for a graphitic source. An electromagnetic "All
Channel" response is a multi-depth continuous profile of a conductor with a
response close to surface and at depth. A graphitic source would produce this
type of response with an associated magnetic low intensity. This target is
easily accessible and is located 6 km due west of the Zenyatta Albany pipe in an
area where limestone cover is suspected to be less than 10 meters thick. Xmet
plans more detailed EM airborne survey and ground geophysics surveys followed by
continuation of the drill program once low-lying areas inundated by spring
runoff become accessible.


To view the map "Xmet's Blackflake and Blackflake West Projects", please visit
the following link: http://media3.marketwire.com/docs/xmet_pr_map01_may29.pdf


Xmet's New Corporate Presentation

Our up to date presentation which details Xmet's detailed plans to drill test
its subsequent prospective targets is now posted on Xmet.ca and can be found at
www.xmet.ca.


New Member of Xmet's Board of Directors

The Company is pleased to announce that Sam Garofalo has joined Xmet's Board of
Directors. Mr. Garofalo is a Chartered Accountant and is based in Thunder Bay.
Xmet is committed to developing its projects in Northwestern Ontario and Mr.
Garofalo's industry and First Nation relationships in this region of the
Province along with his financial and accounting expertise make for an excellent
addition to our Board of Directors.


Options Granted

The Company announces it has granted a total 250,000 new stock options to Mr.
Garofalo in recognition of his seat on the Board, and 50,000 options, each, to
the two independent Directors on the Company's Audit committee in recognition of
their services. These options are exercisable at $0.12 per share for a period of
five years from the date of issue and are subject to the provisions of Xmet's
Option Plan and the policies of the TSX Venture Exchange.


About Xmet's Blackflake Project

Xmet's Blackflake Project now comprises over 29,000 acres of 100% owned claims
and 7,000 acres of optioned claims approximately 60km to the northwest of
Hearst, Ontario and is adjacent to the east and west of Zenyatta's Albany
Project. Xmet has conducted multiple airborne electromagnetic surveys, VTEM and
TDEM, and ground geophysics which discovered multiple electromagnetic conductors
making the targets highly prospective for further exploration. Xmet has
developed an excellent working relationship with the Constance Lake First
Nation, with whom the company signed an ongoing Exploration Agreement.


The technical information contained in this news release has been approved by
William Yeomans, a director of Xmet, who is a qualified person as defined in
"National Instrument 43-101, Standards of Disclosure for Mineral projects".


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. Xmet assumes no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those reflected in
the forward looking-statements unless and until required by securities laws
applicable to Xmet. Additional information identifying risks and uncertainties
is contained in filings by Xmet with Canadian securities regulators, which
filings are available under Xmet's profile at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Xmet Inc.
Alexander Stewart
Chief Executive Officer
(416) 644-6588
astewart@xmet.ca


Xmet Inc.
Stephen Stewart
President
(416) 644-6588
sstewart@xmet.ca
www.xmet.ca

Xmet Inc. (TSXV:XME)
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부터 6월(6) 2024 으로 7월(7) 2024

Xmet Inc. (TSXV:XME)
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부터 7월(7) 2023 으로 7월(7) 2024