Drilling Begins at Xmet’s Grasset Property

Xmet Inc. is pleased to announce that it has commenced drilling on its 100% owned Grasset project located along the Detour Sunday Lake Deformation Zone and adjacent to Balmoral Resources Grasset Project.

Rouillier Drilling was engaged to complete the scheduled 2,200 metre program which includes ten diamond drill holes. The targets where delineated from the airborne VTEM recently completed by Xmet and previous ground IP work completed by Xmet. The drill program is expect to be complete towards the end of March 2015.

"We are fortunate to be in the unique position to be starting our second drill campaign of 2015 and we are looking forward to discovering the potential of our property along the Detour Sunday Lake Deformation Zone which Detour Gold and Balmoral Resources have developed so successfully," said Alexander Stewart, Xmet's Chairman and CEO.

Xmet would also like to invite its shareholders and interested parties to visit our Booth #2322 in the Investors Exchange at the Prospectors and Developers Association of Canada conference. The PDAC is being held at the Metro Toronto Convention Centre March 1-4, 2015.