Xmet Engages Asinii Drilling to Commence Blackflake Drill Program

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce
that it has entered into a contract with Asinii Drilling Inc. to start drilling
on the Company's 100% owned Blackflake Project. Line cutting has now been
concluded and ground geophysics, referenced in Xmet's March 20, 2014 news
release, is continuing. 


The drill program, which will begin in the coming days, will initially target
the large electromagnetic anomaly described in Xmet's February 24th, 2014 news
release. Management expects this initial phase of the drill program, which will
involve about 1500 metres of drilling, will be completed prior to the winter ice
break-up and will release the results as it receives them. 


"We are very excited about our progress to date and we happy to be at the stage
where we can start to determine the nature of these anomalies. The Blackflake
Project has evolved from a single target to a multiple target project, each of
which we view as highly prospective. Given the number of bedrock anomalies
identified to date, Xmet expects that the total drill program will extend over a
number of months. Details on the next phase will be determined upon completion
of this initial phase," 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 permits from Ontario's Ministry of
Northern Development and Mines. 


Xmet also announces grants of incentive stock options to directors and officers
of Xmet. Stock options to purchase an aggregate of 900,000 common shares have
been granted pursuant to Xmet's Stock Option Plan (the "Option Plan"). The
options are priced at $0.12 per share, expire in five years from the date of
issue and are subject to the terms and conditions of the Option Plan and the
policies of the TSX Venture Exchange.


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: 
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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