Xmet Inc. announce that it has received its work and drill permit for its Grasset Property from the Province of Quebec's Ministry of Natural Resources. During previous geophysical work on the Grasset property, Xmet identified four high priority targets that have been selected for diamond drill testing. The project is located immediately adjacent to and along strike to Balmoral Resources Grasset project, which lies on the Detour/Sunday Lake deformation zone.

Balmoral has had excellent results on its Grasset project yielding significant gold, nickel and platinum group metal intersection in recent months. As a result, Xmet has decided to pursue its own aggressive exploration and drill program.