X-Terra Resources Corporation

X-Terra Resources Corporation

June 04, 2007 17:56 ET

X-Terra Resources Corporation Signs Agreement to Increase Its Land Position in Kipawa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - X-Terra Resources Corporation (TSX VENTURE:XT) announces that it has entered into an agreement to acquire, subject to regulatory approval, a 100% interest in the Lindsay property.

Under the terms of the agreement, X-Terra will make a cash payment of $25,000 and issue 700,000 common shares to the vendors. The securities to be issued will be subject to a mandatory four-month hold period.

The Lindsay property, X-Terra's second acquisition in the Kipawa basin area, comprises 21 mining claims representing 1238 ha, and is approximately 130 kilometres south of Rouyn-Noranda and 100 kilometres northwest of North Bay along the Quebec-Ontario border. The property occurs approximately mid-way between the Elliot Lake uranium camp and the Abitibi gold belt camp, within the Grenville front. The project is accessible via logging roads.

X-Terra's acquisition of the Lindsay property was based on geologic similarities to the gold-producing Witwatersrand region of South Africa, where gold-uranium mineralisation is hosted within Precambrian siliceous sediments in basin or fold structures. Similar observations have been recently reported by Aurizon Mines Ltd., who are currently working in this area.

X-Terra intends to initiate work on the Lindsay property using both on-site and remote-detection exploration methods.


Wayne J. Roberts, V-P, Exploration

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

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