X-Cal Resources Ltd.
TSX : XCL

X-Cal Resources Ltd.

February 17, 2009 08:00 ET

X-Cal Resources Ltd.: Update and Q3 Financials Filed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - X-Cal Resources Ltd. (TSX:XCL) -

The Sleeper Block Model and new geologic picture at Sleeper demonstrates substantially improved development logistics. A Summary Power Point located at www.x-cal.com contains illustrations.

An agreement to carry out a Preliminary Economic Assessment of the Sleeper Gold Project, located in Nevada, is being negotiated with an engineering group.

Evaluating the economic potential of the near surface Facilities Area resource and the adjoining aboveground resource in the Heap Leach Pads is a priority. This resource is located on the east side of the pit.

On the west side of the pit, the NW target, West Wood and the area between is an attractive exploration priority in light of the newly recognized mineralized layers.

West-Side Targets are shown in cross-section and long-section with West Wood assay highlights and summary illustrations at www.x-cal.com.

Successful drilling of the West Side Targets could affect the scale of future potential operations significantly (See Long-Section and Plan View illustrations at www.x-cal.com).

The NI 43-101 resource and the new geologic picture at Sleeper has prompted a series of requests for our Sleeper Gold Project data from gold mining companies. The status of these inquiries ranges from early stage to advanced.

X-Cal's management is looking closely at the attributes of the gold companies who have requested data and their capacities to benefit the Sleeper Gold Project as well as our Cortez Area and Spring Valley Area properties.

The Q3 Financial Statements and MD&A have been filed to SEDAR.

The Q3 statements do not reflect government refunds, which are anticipated by the company, or possible proceeds from a proposed private placement financing.

The contents of this release have been reviewed by Larry Kornze, P.Eng., 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, the Reese River Project and the Spring Valley Area 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, the Reese River Project and the Spring Valley Area 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, the Reese River Project and the Spring Valley Area 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.

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