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TORONTO, ONTARIO--(Marketwire - June 7, 2010) - Xmet Inc. (TSX VENTURE:XME) ("Xmet") is pleased to announce that effective today its common shares have commenced trading on the facilities of the TSX Venture Exchange (the "Exchange") under the symbol "XME". The Corporation is also pleased to announce that it has engaged T2W Market Liquidity Inc. ("T2W") effective June 7, 2010 to provide market liquidity services for its common shares listed on the Exchange. The term of the engagement is for a minimum of 12 months and is renewable thereafter on a month to month basis. T2W is a Dundas based private company which is in the business of providing market liquidity services to listed issuers. Harold Hoff, the principal of T2W, has more than 10 years experience as a pro trader and market maker for a major bank owned investment dealer.

In consideration of the services to be provided, Xmet will pay T2W a monthly flat fee of $2,500 (plus applicable taxes) for a minimum of one year. T2W's remuneration is in no way contingent upon the market price or trading volume of Xmet's common shares on the TSXV.

The market liquidity services to be provided include maintaining (i) a consistent and reasonable bid and offer spread for the common shares of Xmet, (ii) a reasonable board lot size for the bid and offer, and (iii) reasonable open orders at depth behind the best bid and offer.

T2W is entirely independent of Xmet and will at all times be trading as principal for its own account and using its own capital. T2W's experienced trading staff will use their knowledge and discretion in providing these services and no assurance has been made as to any particular effect or result regarding the market for Xmet's common shares. T2W has covenanted to operate in accordance with best trading practices at all times. The engagement is subject to the approval of the Exchange.

About Xmet Inc.

Xmet, 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.

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 ].

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).