X-Cal Resources Ltd.
TSX : XCL

X-Cal Resources Ltd.

June 29, 2005 22:47 ET

X-Cal Resources Ltd. files Year End Audited Financial Statements, MD&A and Annual Information Form

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2005) - The management of X-Cal Resources Ltd. (TSX:XCL) is pleased to announce the filing of the company's Year End Audited Financial Statements, Management Discussion & Analysis and the Annual Information Form. These documents are available on SEDAR (www.sedar.com) and on the company's website (www.x-cal.com).

Caution Concerning Forward-Looking Statements

This news release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Mill Creek and the Sleeper Gold projects and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Mill Creek and the Sleeper Gold projects; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Mill Creek and the Sleeper Gold projects.

Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

Shawn Kennedy, President

Note: X-Cal Resources Ltd. can be referenced through the Standard & Poors Directory.

Contact Information