XME

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce
that it has completed a brokered second tranche of a private placement offering
of units ("Units") of the Corporation (the "Offering"). In connection with the
first tranche of the Offering, the Company issued 2,727,273 Units at $0.11 per
Unit on April 11, 2014 for aggregate gross proceeds of $300,000. In connection
with the current tranche, the Company issued 2,700,000 Units at a price of $0.05
per Unit, for aggregate gross proceeds of $135,000. The Unit price for the
current tranche is being sold at a premium to the Company's closing share price
on July 22, 2014. Each Unit issued under this current tranche consists of one
common share in the capital of the Corporation (each, a "Common Share") and one
common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable
into one Common Share at a price of $0.05 for a period ending July 23, 2019. The
Units and underlying securities will be subject to a four month hold period
following closing of the current tranche, expiring on November 24, 2014. To
facilitate the financing, the Chairman of the Company, Alexander Stewart loaned
2,700,000 free trading Common Shares to the subscriber under this current
tranche and, in return, received a pledge of an equal number of restricted
Common Shares acquired by the subscriber pursuant to this current tranche. 


Maison Placements Canada Inc. acted as agent and finder in connection with the
Offering. In consideration for its services under this current tranche, Maison
Placements received a cash commission of $10,800 and compensation options to
acquire 216,000 Units at a price of $0.05 per Unit for a period ending July 23,
2016. 


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


About Xmet's Blackflake Project

Xmet's Blackflake Project comprises over 30,000 acres of 100% owned claims and
over 8,000 acres of fifty percent owned or optioned claims located 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 to conduct ground geophysics on and to drill the
'All Channel' target.


Neither the 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: 
For the latest updates 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
www.xmet.ca

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