XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to
report that it has received and evaluated preliminary Versatile Time Domain
Electromagnetic ("VTEM") survey results from Aeroquest on its 100% owned
Blackflake Project, located approximately 60 kilometers northwest of Hearst, in
Northern Ontario. Xmet considers the initial results to be very encouraging
towards its objective of discovering and defining a hydrothermal graphite
deposit on its Blackflake Project. 


Bill Yeomans, P.Geo. states that "Our preliminary VTEM survey data indicates a
circular conductive feature situated within a magnetic low flanking a northwest
trending magnetic diabase dike. This favorable environment bears similarities to
the setting in which the Zenyatta hydrothermal graphite pipes were emplaced. The
strong Zenyatta conductors are circular in nature and are situated within a
magnetic low flanking the margin a northwest trending diabase dike. Xmet
continues to evaluate other potential targets in the vicinity considered to be
similar to the Zenyatta graphite pipes with the prospect of enhancing its
property position."


"The purpose behind flying the VTEM was to test selected magnetic low anomalies
for potential conductive responses that could be indicative of graphite. A 340
line kilometer helicopter-airborne VTEM survey was flown on 100 meter line
spacing testing multiple magnetic low targets for conductive EM responses on the
Blackflake Project. Numerous conductive anomalies were identified including the
circular conductive feature having a diameter of approximately 500 metres which
is referred to above," says Alexander Stewart, CEO of Xmet Inc. 


The Blackflake Project consists of two separate blocks of claims located
proximal to the eastern and the northwestern margins of Zenyatta's Albany
project. A significant, potentially economic hydrothermal graphite deposit was
discovered on Zenyatta's Albany project during a 2011 drilling program which
tested a strong electromagnetic conductor. The conductor was identified on the
Albany claims in 2010 by a Geotech VTEM airborne survey. The nearby Blackflake
claim blocks share similar geological and structural features to Zenyatta's
Albany hydrothermal graphite discovery.


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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