XME

Xmet Inc. ("Xmet" or the "Corporation") (TSX VENTURE:XME) is pleased to announce
that today it is filing its First Quarter 2014 Financial Statements for the
period ending March 31, 2014. The documents will be available for viewing on
Sedar.com later today. As per the financial statements Xmet had positive working
capital of $677,714 as at the period end. This has been augmented by the
Company's financing in the gross amount of $300,000 completed in April 2014 (see
news release April 11, 2014). 


"As we proceed to develop and ultimately drill test our new All Channel VTEM
response graphite target, Xmet is adequately financed to carry out the task at
hand,' said Alexander Stewart, Xmet Chairman and CEO. He continued by noting,
'We also would like to emphasize the value of an 'All-Channel' EM response when
looking for graphite. As detailed in previous news releases, an 'All Channel' EM
response refers to the early, mid and late channel responses received from the
electromagnetics with the mid and late channel response indicating continuity in
the conductivity at depth. This type of response is significant when looking for
a vertical graphitic ore body."


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

Xmet Inc. (TSXV:XME)
Historical Stock Chart
From May 2024 to Jun 2024

Xmet Inc. (TSXV:XME)
Historical Stock Chart
From Jun 2023 to Jun 2024