XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to
announce that it has received results for a geophysical survey completed over
Grasset Lake where Xmet geologists interpreted the corridor of the Detour-Sunday
Lake deformation zone. Results from an IP survey completed during the winter
confirm a coincident WNW-trending high chargeability and high resistivity
anomaly parallel to the interpreted axis of the deformation zone (Figure 1) and
along strike with historical mineral occurrences along the south shore of the
lake including 0.93 g/t Au over 1.83 metres and 0.5% Cu over 1.0 metre. The
property is immediately along strike to the east of Balmoral Resources Grasset
Property where the company announced a new discovery last year with 6.15 g/t Au
over 4.04 metres and 4.18 g/t Au over 5.0 metres (see Balmoral News Release
dated 14 July 2011). A second anomaly near the western limit of the property,
right adjacent to a historical surface occurrence that returned 5.5 g/t Au in a
selected sample is oriented at a high angle to the deformation zone which is
thought to be particularly prospective for gold. 


"The early winter breakup cut short our planned survey on our Grasset Property
but our initial results are quite encouraging with the anomalies located
directly along the fault trend. Our immediate neighbour to the west, Balmoral
Resources, have been very successful in developing their property and given our
great initial results we plan to complete the survey as planned as soon as
conditions permit" said Charles Beaudry, President and COO. "Our main focus
remains the Duquesne-Ottoman Project but a decision to drill ourselves or
farm-out a participation to a third party will be made based on the complete
survey results", he added.


About Xmet Inc.

Xmet is a gold exploration company focused on advanced projects in existing
mining camps in Canada where exploration and mining costs are minimized and
where previous and historic producing mines make for much easier permitting and
minimizes community and First Nations social community risks. Xmet's flagship
project, the Duquesne-Ottoman property, which covers an area of 928.6 hectares,
is located approximately 30 kilometres north of the city of Rouyn-Noranda and 10
kilometres east of the village of Duparquet within the townships of Duparquet
and Destor in the Province of Quebec.


Mr. Charles Beaudry, P.Geo., Xmet's President, COO and Director, is the
designated Qualified Person responsible for this release.


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To view the photo associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/XMEe53figE1.pdf.

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