Xmet Announces the Launch of their Website

TORONTO, July 8 /CNW Telbec/ - Xmet Inc. (TSXV:XME) ("Xmet) is pleased to announce the launch of their website. For up to date information about Xmet's Canadian gold projects, news, corporate information, upcoming events, and more, visit:

    
    www.xmet.ca
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Xmet Inc. is gold junior exploration company focused on advanced projects in existing mining camps in Canada where exploration and mining costs are minimized and where previous and historic producing mines make for much easier permitting and minimizes community and First Nations social risks. These projects include a strategic project named the Duquesne-Ottoman which is located in Northwestern Quebec. Former gold producers located along strike to the west of the Duquesne-Ottoman property include the Beattie and Donchester mines (past production: 1.3M oz Au), while the former producing Duquesne gold mine (past production: 70,000 oz Au) is located immediately east of the property. The Roy project is located in the Chibougamau copper gold camp while the Buchans Junction project is located in the historical Buchans mining camp of central Newfoundland.

The statements made in this Press Release may contain forward-looking statements that may involve a number of uncertainties and risks. Actual events or results could differ materially from Xmet's projections and expectations.

About Xmet Inc.

Xmet Inc., through its wholly-owned subsidiary Duquesne-Ottoman Mines Inc. ("Duquesne-Ottoman Mines"), carries out gold and resource exploration and development. Pursuant to the terms of a mining option agreement between Duquesne-Ottoman Mines and Duparquet Assets Ltd., Duquesne-Ottoman Mines can earn an option to purchase 75% of the common shares in the capital of Duparquet Assets Ltd, which legally and beneficially owns 20 claims (commonly referred to as Duquesne West) and 40 claims (commonly referred to as Ottoman) covering an area of 928.6 hectares located approximately 30 kilometres north of the city of Rouyn-Noranda and 10 kilometres east of the village of Duparquet within the townships of Duparquet and Destor in the Province of Quebec.

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. Mr. Bill Yeomans, P.Geo., Xmet's Vice President Exploration, is the designated Qualified Person responsible for this release.

For further information: Xmet Inc.: Charles Beaudry, President and COO, Phone [phone], Courriel: [email protected]; Alex Stewart, CEO, Phone: [phone], E-mail: [email protected]; Renmark Financial Communications Inc.: Maurice Dagenais, [email protected]; Christine Stewart, [email protected]; Media - Guy Hurd, [email protected], Tel.: [phone]; www.renmarkfinancial.com