XME

This document corrects and replaces the one that was sent on October 01, 2012 at
9:00 AM EST. 


Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to
announce that it has extended the closing date for its purchase of the Pitt Gold
Project from Brionor Resources Inc. ("Brionor") to December 17, 2012. Xmet
requested the extension of the Pitt Gold acquisition so that it will close
concurrently with Xmet's acquisition of Clifton Star Inc.'s ("Clifton Star")
Duquesne Mine property, announced in a news release dated September 20th, 2012.
Xmet's acquisitions of the 100% owned Pitt Gold and Duquesne Mine properties
will consolidate all of the Duquesne District's NI 43-101 compliant and
contiguous gold resources to 1,233,000 ounces inferred and 355,000 ounces
indicated. Please refer the Table below for the total resource details on Xmet's
Duquesne District.




                                                                            
           RESOURCE TABLE FOR THE DUQUESNE DISTRICT CONSOLIDATION           
                       Indicated Ounces               Inferred Ounces       
                      Tonnes Grade      Ounces      Tonnes Grade      Ounces
Xmet's Duquesne-                                                            
 Ottoman                                         4,171,000  6.36     853,000
Clifton Star's                                                              
 Duquesne Mine     1,860,000  3.33     199,000   1,560,000  5.58     280,000
Brionor's Pitt                                                              
 Resource            600,000  7.83     156,000     476,000  6.91     100,000
                                  ------------                  ------------
                                       355,000                     1,233,000



NI 43-101 technical reports for Xmet's Duquesne Ottoman, Clifton Star's Duquesne
Mine property and Brionor's Pitt Gold Project are available under their
respective corporate profiles at www.sedar.com. To the best of the Xmet's
knowledge, information, and belief, there is no new material scientific or
technical information that would make the disclosure of the mineral resources,
mineral reserves or results of a preliminary economic assessment set forth in
the Technical Report published by Brionor inaccurate or misleading.


The Pitt Gold resource aligns with Xmet's Stinger Zone where Xmet has delineated
a substantial gold resource. The intervening area has been insufficiently drill
tested, mainly due to drill permitting complexity related to positioning of
drill collars, an issue that will be solved by the purchase of the Pitt Gold
Project. Between the Pitt and Stinger zones there are over 900 metres of strike
along this horizon and at depth that are open for additional exploration and
discovery. With the completion of the acquisition of the Pitt Gold Project,
drill permitting issues will be largely eliminated and this target area will be
a focus of our exploration in the near future.


In exchange for 100% ownership of the Pitt Gold Project, Xmet has agreed to
issue Brionor a maximum of 10.56% of its outstanding shares after Xmet has
exercised its option from Globex and completed the concurrent Duquesne Mine
acquisition from Clifton Star. Completion of the Transaction is subject to a
number of conditions, including but not limited to, the exercise of Xmet's
option to purchase a minimum 75% interest in Duquesne-Ottoman Project (see
Xmet's press release dated March 5, 2012), obtaining any necessary approvals, as
well as the acceptance of the TSX Venture Exchange (the "Exchange"). 


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.


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.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any State in
which such offer, solicitation or sale would be unlawful. The securities have
not been registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.


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