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Xmet Inc. Reports 5.25 g/t Au over 16.5 Meters on Duquesne-Ottoman

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  Published in Business and Finance on Friday, September 24th 2010 at 7:00 GMT by Market Wire
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 Table 1. Nip Zone Drilling Highlights ------------------------------------------------------------------------- Hole No. Zone From (m) To (m) Length (m) Au g/t Au g/t (cut) ------------------------------------------------------------------------- DQ-09-09 Nip 304.5 321.0 16.5 5.25 5.00 ------------------------------------------------------------------------- including 305.5 309.5 4.0 17.24 15.75 ------------------------------------------------------------------------- DQ-10-14 Nip 148.5 150.0 1.5 8.97 8.97 ------------------------------------------------------------------------- DQ-10-15 Nip 114.5 117.0 2.5 5.40 5.40 ------------------------------------------------------------------------- DQ-10-17 Nip 101.0 118.0 17.0 2.95 2.95 ------------------------------------------------------------------------- DQ-10-18 Nip 267.0 270.0 3.0 5.60 5.60 ------------------------------------------------------------------------- DQ-10-20 Nip 241.5 244.0 2.5 3.53 3.53 ------------------------------------------------------------------------- DQ-10-21 Nip 280.5 282.0 1.5 1.03 1.03 ------------------------------------------------------------------------- * An upper cut of 30 g/t Au was used for calculating cut grades when individual assay intervals exceeded 30 g/t Au. 

 Table 2. Nip Zone Historical Drilling Results ------------------------------------------------------------------------- Hole No. Zone From (m) To (m) Length (m) Au g/t Au g/t (cut) ------------------------------------------------------------------------- DQ-02-09 Nip 151.5 154.5 3.00 9.00 9.00 ------------------------------------------------------------------------- DQ-06-16 Nip 263.0 264.0 1.0 2.60 2.60 ------------------------------------------------------------------------- DQ-06-17 Nip 216.55 221.10 4.55 2.70 2.70 ------------------------------------------------------------------------- DQ-06-18 Nip 407.5 408.4 0.90 143.35 30.00 -------------------------------------------------------------------------