XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to
announce that it has acquired the following two contiguous blocks of claims,
totalling 70 claim units, tied onto the northwestern portion of Zenyatta
Ventures Ltd's ("Zenyatta") Albany Project including; (a) a staked 100%
ownership interest in 46 claim units contiguous to Zenyatta's northwest
boundary; and (b) an optioned 100% ownership interest in 24 claim units tied
onto the northwestern portion of Zenyatta's Albany Project.


"Xmet is excited about the potential that these 100% owned properties can
deliver. Zenyatta's tremendous success in the region demonstrates the high
potential of the area for world class graphite deposits. The market demand that
exists for hydrothermal vein-type graphite is substantial," said Alexander
Stewart, Xmet's Chairman and CEO. In addition, he noted that "as indicated in
Zenyatta's recent press releases, the graphite discovered in the area appears to
have highly desirable characteristics such as low resistivity and thus enhanced
ability to transmit an electrical current. Its highly crystalline structure also
aids thermal and electrical conductivity. These characteristics are comparable
to commercial grade synthetic graphite which attracts significant prices from
many growing markets for products such as electronics, lithium-ion and other
batteries, capacitors, sensors and catalysts." 


Zenyatta discovered high quality vein-type hydrothermal graphite mineralization
while conducting follow-up drilling on electromagnetic geophysical anomalies
identified by an airborne geophysical survey conducted by Geotech in 2010. The
world class Zenyatta magmatic, hydrothermal (vein type) graphite deposit is
potentially economic and occurs within a graphite breccia with a granitic matrix
host rock. 


Xmet's Blackflake Project has been acquired based on a search and evaluation of
historical data in the region that has identified favorable magnetic lows that
occur along the western margin of an oval shaped, 27km by 27km intrusion hosting
Zenyatta's Albany graphite deposit. Magnetic lows with associated strong
electromagnetic anomalies are considered high priority exploration targets
having potential to host additional high purity hydrothermal graphite
occurrences. The known graphite mineralization in the area has been described as
occurring in breccia pipes having dimensions in the order of 200m by 400m. It is
believed that major structural controls influenced emplacement of the graphite
breccia pipes on Zenyatta's Albany project. The magnetic lows identified on
Xmet's Blackflake Project have strong potential to host a high purity
hydrothermal vein type graphite deposit, similar to Zenyatta's recent discovery.


The staked magnetic lows have never been previously flown by an electromagnetic
("EM") survey. The staked magnetic lows will now be tested by an airborne EM
survey that Xmet will commission in the coming weeks. The survey will target
graphite deposits that have a strong EM signature. 


Bill Yeomans, P. Geo, states, "The geology surrounding the Zenyatta discovery is
considered favorable for hosting additional graphite deposits. Much of the land
external to the Zenyatta property has sufficient airborne magnetic coverage but
has never been tested by electromagnetic surveys. Additional graphite breccia
pipes similar to the Albany discovery may be discovered along favorable
structural corridors where targeted magnetic lows have coincident strong
electromagnetic anomalies. Magnetic low targets on the property will require
electromagnetic surveys to determine if strong electromagnetic conductors are
present. Strong conductors in this favorable geological environment could have
excellent potential for hosting a significant graphite deposit or other
potentially economic mineralization." 


In order to acquire the 100% stake in the 24 claim unit block, Xmet will pay
$5,000 in cash and 300,000 shares of Xmet upon receipt of TSXV approval of the
transaction and an additional $5,000 in cash 90 days after TSXV approval of the
transaction. In addition Xmet has agreed to fly an Electromagnetic Survey over
the Blackflake Project after which Xmet can issue 1,700,000 million shares to
the vendor to complete the acquisition of the 24 claim units. Metals Creek
Resources, the vendor of the 24 claim unit block, will also hold a 1% Net
Smelter Royalty ("NSR") interest from all ore production from the 24 claim unit
block, subject to, the right of Xmet to buy back half of the NSR interest for
$500,000 and the final half for $1,000,000 at any time.


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
VP Corporate Development
(416) 644-6588
sstewart@xmet.ca
www.xmet.ca

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