Xmet Receives Drilling and Ground Geophysics Permits from MNDM on Blackflake West's 'All Channel' EM Graphite Target

Xmet Inc. (TSX VENTURE:XME) ("Xmet") is pleased to announce that it has received
all of the necessary permits from Ontario's Ministry of Northern Development and
Mines ("MNDM") to begin its ground geophysics work program and drill testing on
the Blackflake West's 'All Channel' Electromagnetic graphite target. 


Alexander Stewart, Chairman and CEO of Xmet states, "We are moving aggressively
towards conducting ground geophysics and drilling this "All Channel" EM target
on Blackflake West, as soon as ground conditions allow. The anomaly appears to
be conductive at its surface and the conductivity continues to the limits of
what VTEM can detect, which is 600 metres. This is precisely that type of
response you want when you're targeting graphite, and it is the same type of
"All Channel" response that Zenyatta received on its East and West graphite
pipes."


The Blackflake West Project is an option joint venture between Xmet and Metals
Creek Resources (See News Release May 22, 2014) in which Xmet has the option to
earn a 60% interest in the project.


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: 
Alexander Stewart, Chief Executive Officer
[phone]
[e-mail]


Stephen Stewart, President
[phone]
[e-mail]