X-Cal Resources Ltd.
TSX : XCL

X-Cal Resources Ltd.

November 16, 2006 08:00 ET

X-Cal Resources Ltd.: Reese River/Horse Mountain Window Technical Report Filed to SEDAR and x-cal.com

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - X-Cal Resources Ltd. (TSX:XCL)

A NI-43-101 type of Technical Report on the Reese River/Horse Mountain Window Property, located in the Cortez Area, Lander County, Nevada, by Robert Thomason, M.Sc., has been filed to SEDAR and posted to the Current Reports section of www.x-cal.com.

The initial core-drilling program to test the Horse Mountain Lower Plate Window is underway (see X-Cal press release dated November 14, 2006).

X-Cal has a portfolio of Nevada properties and a team of professionals with Nevada track records (see X-Cal press release dated November 15, 2006).

The contents of this release have been reviewed by Robert Thomason, M.Sc., US Projects Manager for X-Cal, who is a "Qualified Person" as defined by NI-43-101.

Shawn Kennedy, President

Caution Concerning Forward-Looking Statements

This 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 Sleeper Gold Project, the Mill Creek Gold Project and the Reese River Project 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 Sleeper Gold Project, the Mill Creek Gold Project and the Reese River Project; 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 Sleeper Gold Project, the Mill Creek Gold Project and the Reese River Project.

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 Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

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


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