Xmet Proceeds to Phase Two of Blackflake West Option Agreement

Xmet Inc. announced it will proceed with Phase Two of an option agreement with its joint venture partner Metals Creek Resources Corp which will lead to drill testing at the Blackflake West graphite project located west of Hearst, Ontario.

According to the agreement, Xmet will pay to MEK $15,000 and issue a further 1,000,000 common shares of Xmet to Metals Creek Resources Corp.

To earn the right to proceed Xmet recently completed an 8 km. line cut and proceeded with ground geophysical testing in the All Channel area. The completion of the ground testing will advance the project to drill testing.

"We are very pleased with the progress made by Xmet to date," stated Alexander (Sandy) Stares. "These are exciting times for the shareholders of the Company as the Blackflake West Project moves towards drill testing the All Channel target."

Xmet Inc. has the option to earn a 50% interest in the Blackflake West (Feagan Lake) Graphite Project by paying to the Company an aggregate of $20,000 plus issue up to 3,000,000 common shares and incur exploration expenditures in the amount of $885,000 within a three year period.

In order to earn the additional 10% interest, Xmet must pay $100,000 plus issue 1,500,000 common shares within 90 days of earning 50% and incur exploration expenditures of $1,000,000 in year four.

About Metals Creek Resources Corp and Xmet Inc.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Toronto Venture Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (P-DF) that stretches between Timmins, Ontario and Val d'Or, Quebec. The Corporation also has an Option/Joint venture agreement with Xmet Inc. on the Blackflake West, (Feagan Lake) graphite property, west of Zenyatta Resources.

 Xmet is an 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. 

Additional information on the Blackflake West Project can be found in Metals Creek Resources Corp’s documents filed with securities regulators, available under its profile at www.sedar.com.