XME

Xmet Inc. (TSX VENTURE:XME) ("Xmet") is pleased to announce that it has filed
for Exploration and Drilling permits and expects to receive approval from
Ontario's Ministry of Northern Development and Mines to begin further
exploration work this February.


In addition to preparing for the upcoming exploration and drilling of Xmet's
primary target, which it discovered and detailed in its December 12th, 2013 news
release, Xmet has continued to expand its land position, by staking an
additional 8,000 acres of 100% owned claims adjacent to the Zenyatta Albany
graphite deposit. The claims have been staked, coincident with magnetic lows,
within the border phase of the carbonatite/alkaline intrusion which hosts the
Zenyatta graphite breccia pipes.


Alexander Stewart, Chairman and CEO of Xmet states, "Our focus remains on
drilling and defining our prime target which bares remarkable geophysical
similarity to the neighbouring Albany Project owned by Zenyatta. We now have a
very substantial land package of over 29,000 acres which holds a number of
additional EM targets. Our land package, which given Albany's discovery, hosts
excellent graphite potential, also holds the potential for a massive sulphide
discovery. It was the area's potential for a polymetallic discovery that
initially drew Cliffs and Zenyatta to the region."


About the 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
conducted two 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 effective Jan 23, 2014.


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
www.xmet.ca

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