Xmet Completes Initial Drill Program on the Blackflake and Releases Geophysical Data

Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce
that it has completed its initial drill program on the Blackflake project. 


The Initial Drilling Program completed over 1,100 metres of diamond drilling
with 4 holes testing road accessible versatile time-domain electromagnetic
("VTEM"), gravity, ground magnetic and IP survey target areas. The initial drill
program has been completed and drill core from the program has been sent to the
assay lab and the Company is awaiting results. Further follow-up ground
geophysical surveys will continue on the company's large 100% owned claim block
as soon as late high spring melt-waters have lowered after the prolonged winter
season in the Hearst region of northern Ontario.


Geophysical Data Interpretation Identifies Kimberlite Potential on
Under-explored Land Package


In November 2013 and February 2014 Xmet commissioned Aeroquest Airborne to
complete airborne geophysical surveys using VTEM and magnetic surveys. The
airborne survey report and additional geophysical interpretations commissioned
by Xmet identified multiple potential kimberlite targets of interest for being
potentially diamond bearing. Xmet has hired a diamond exploration consultant who
conducted further geophysical interpretations on the magnetic and
electromagnetic survey data for the exploration of possible kimberlite pipes. 


The strongest electromagnetic responses accessible are being evaluated for
hydrothermal graphite potential. The geophysical interpretation report by
Aeroquest recommends follow-up exploration programs on 8 potential pipe-like
bodies with conductive shallow layers identified for the interpreted survey
block.


Xmet will continue to test potential graphite targets and plans to evaluate
potential kimberlite pipes using ground geophysical methods. Xmet is also
pleased to announce that it has hired Justin Rocco as its Geology Manager. Mr.
Rocco is a geological engineering graduate from the University of Toronto's
Lassonde Institute and a diamond exploration and kimberlite specialist with 10
years of experience working on diamond exploration projects with SouthernEra
Diamonds and Mantle Diamonds.


Below in this News Release is a geophysical image depicting the initial targets
Total Magnetic Intensity and the four diamond drill holes completed by Xmet.


http://media3.marketwire.com/docs/945601m2.jpg

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 Albany Project. Xmet has conducted three airborne electromagnetic
surveys, VTEM and TDEM, and ground geophysics 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. 


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
Xmet Inc. (TSXV:XME)
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