X-Terra Resources Corporation
TSX VENTURE : XT

X-Terra Resources Corporation

March 19, 2007 09:00 ET

X-Terra Resources Corporation Proposes Debt Settlement

VANCOUVER, BRITISH COLUMBIA—-(Marketwire – March 19, 2007) - X-Terra Resources Corporation (TSX VENTURE:XT) (the "Company") announces that it is proposing, subject to regulatory approval, to issue an aggregate 459,485 of its common shares, at a deemed price of $0.56 per share, in settlement of indebtedness in the aggregate amount of $257,312. The indebtedness to be settled includes the Promissory Note announced February 2, 2006, the convertibility features of which were cancelled by mutual agreement.

BY THE ORDER OF THE BOARD OF DIRECTORS

John S. Brock, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • X-Terra Resources Corporation
    Blaine Monaghan
    Manager, Investor Relations
    (604) 687-4951 or Toll-Free: 1-800-403-2988
    Email: ir@badgerandco.com