XME

Xmet Inc. ("Xmet" or the "Corporation") (TSX VENTURE:XME) is pleased to announce
that it has acquired a 50% interest in 29 claim units in four claims on the
western boundary of the Blackflake West property. These claims appear to host a
possible western extension of Blackflake West's 'All Channel' Electromagnetic
graphite target. Xmet also has the option to increase its interest to 65% in the
near term by flying EM over the new claims within the next four months.


Xmet's interpretation of the VTEM survey flown over the Blackflake West target
is that the "All Channel" anomaly appears to extend to, and possibly beyond, the
western edge of the Company's existing boundary. The acquisition of these new
claims secures Xmet's land position around the 'All Channel' target and ensures
that the Company is well positioned to capitalize on its potential.


"This acquisition was key to Xmet gaining the appropriate land position given
what we interpret the "All Channel" target's location and potential extension.
Furthermore the terms of the agreement are very favourable to our shareholders
as the Company will not be issuing any shares or cash for the initial 50%
interest in the new claims." The transaction was completed with a private
company with whom Xmet had previously agreed to sell unrelated mining claims in
return for shares in the private company, Alibaba Graphite Corp. Under the
current transaction, Xmet is cancelling its right to receive those shares in the
private company and retaining the claims.


With the complete land package secured, Xmet will look to proceed on the next
phases of its geophysical program on Blackflake West, including ground
geophysics to better define the target for drill positioning.


As set out in our News Release of June 4, 2014, our priority target has the
following features:




1.  An "All Channel" EM response, associated with a magnetic low; 
2.  A strike length structure greater than one km; 
3.  A similarity in EM profile and mag low to Zenyatta's Graphite diatreme
    pipes; and 
4.  The "All Channel" EM response, indicates conductivity at depth which
    correlates well with a graphite source.



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
President
(416) 644-6588
sstewart@xmet.ca

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