XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce
that it has engaged Abitibi Geophysics to commence the ground geophysical
program on the 100% Xmet owned Blackflake project. The program will include
Ground Magnetic and Induced Polarization surveys and is aimed delineating Xmet's
first target for the upcoming drill program. 


Over the past two weeks, Xmet has been completing its line cutting program which
is necessary to begin the ground geophysics. The area's unusually deep snow
cover made progress on the line cutting slower than anticipated, but it is
nearing completion. 


Xmet would also like to announce that as a result of the VTEM survey, announced
February 24th, 2014, it has staked additional lands that captures the full
extent of the anomalies. 


"Management is excited to be at the final stage before drilling. The Blackflake
project has evolved from a very interesting anomaly to a broader exploration
play with multiple targets having similar characteristics. Our goal has been to
begin our drill program prior to the ice melting, and we are confident that
drilling on the Primary Target will begin as planned. Additional staking was
targeted as a result of the VTEM survey along the current boarder of our claims
and we will be planning programs to develop these targets in the near term. The
Blackflake project has developed into an exciting exploration play with multiple
targets beyond our Prime target which share similar geophysical features," said
Alexander Stewart, Xmet's Chairman and CEO. 


About Xmet's Blackflake Project

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 now conducted three airborne
electromagnetic surveys, VTEM and TDEM, which discovered multiple
electromagnetic conductors making the targets highly prospective for further
exploration. Xmet has developed an excellent working relationship with the
Constance Lake First Nation, with whom the company signed an ongoing Exploration
Agreement. Xmet has received all necessary approvals from the Ministry of
Northern Development and Mines and is currently in the process of line cutting
and performing ground geophysics over the Prime Target.


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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