XME

Xmet Inc. (TSX VENTURE:XME) ("Xmet") is pleased to announce that, subject to
acceptance of the TSX Venture Exchange, it has completed a non-brokered private
placement of $400,040 in hard dollars. Xmet will issue units to the investors,
with each unit consisting of one common share and one common share purchase
warrant for 11 cents per unit. Each warrant entitles the holder thereof to
acquire one common share of Xmet at a price of $0.175 at any time until August
19, 2015.


The proceeds of the offering will be used by Xmet for additional development
work on its Blackflake project near Hearst, Ontario and for general working
capital purposes.


"As Blackflake continues to grow, we need greater financial resources for the
project's development and in order to create value for our shareholders.
Furthermore in the current market environment, we consider it prudent to accept
investment when there are institutional investors wanting to commit a hard
dollar investment towards the advancement of your project," said Alexander
Stewart, Chairman and CEO of Xmet.


The securities issued in connection with the first tranche of the private
placement are subject to a statutory four month hold period expiring on June 20,
2014. Xmet paid finders' fees equal to approximately 8% of the gross proceeds
raised in connection with the private placement plus due diligence and
settlement fees, and issued 277,298 compensation options equalling approximately
8% of the units issued pursuant to the private placement. Each whole
compensation option entitles the holder thereof to acquire one common share of
Xmet at a price of $0.11 at any time until August 19, 2015.


Xmet's Blackflake Project comprises over 29,000 acres of 100% owned claims
approximately 60km to the northwest of Hearst, Ontario and is adjacent to
Zenyatta's Hydrothermal Graphite Deposit. Xmet has conducted two airborne
electromagnetic surveys, VTEM and TDEM, which discovered multiple
electromagnetic conductors making the targets highly prospective for further
exploration and has developed an excellent working relationship with the
Constance Lake First Nation, with whom the company signed an ongoing Exploration
Agreement. Xmet expects to receive permits from the MNDM in the next few days
which will enable it to commence line cutting and ground IP over targets in
February with drilling scheduled for March.


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

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