Exchange Bulletin

X-Terra Resources Inc. (XTT) To Trade On Toronto Stock Exchange


July 3, 2014

X-TERRA RESOURCES INC. ("XTT")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: July 2, 2014
TSX Venture Tier 2 Company

X-Terra Resources Inc. To Trade On TSX Venture Exchange July 3, 2014

X-TERRA RESOURCES INC. ("XTT ") BULLETIN TYPE: New Listing-Shares BULLETIN DATE: July 2, 2014 TSX Venture Tier 2 Company

Effective at the opening on Thursday, July 3, 2014, the common shares of X-Terra Resources Inc. (the "Company") will commence trading on TSX Venture Exchange. The Company is classified as an "All Other Metal Ore Mining" company (NAICS Number 212299).

The Company was incorporated as a wholly-owned subsidiary of X-Terra Resources Corporation ("Old X-Terra") which transferred on June 4, 2014 substantially all of its assets, except for 2 million shares in Brownstone Energy Inc. and approximately $1.85M in cash, and all of its liabilities to the Company in exchange of 3,927,690 common shares of the Company at a deemed issue price of $0.10 per share. Of this 3,927,690 number, 2,945,744 shares were distributed to Old X-Terra shareholders pursuant to an Asset Transfer Agreement dated April 28, 2014 between the Company and Old X-Terra on the basis of one (1) share of the Company for every four (4) common shares of Old X-Terra held on June 4, 2014.

Concurrently with the transaction described above, the Company completed a private placement by issuing 2,250,000 common shares at a price of $0.10 per share for a gross cash receipt of $225,000 with 13 subscribers. Three (3) insiders of the Company participated in the private placement: 9086-0735 Québec Inc. (Martin Dallaire), 6998046 Canada Inc. (Sylvain Champagne) and Michael Ferreira for, respectively, a number of 250,000 shares, 100,000 shares and 100,000 shares.

Corporate jurisdiction: Canada

Capitalization: Unlimited shares with no par value of which 6,177,790 common shares are issued and outstanding
Escrowed Shares: 1,155,796 shares are subject to escrow

Transfer Agent: Computershare Investor Services Inc. - Montréal and Toronto Trading
Symbol: XTT
CUSIP Number: 98387W106

For further information, please refer to Old X-Terra Management Information Circular dated April 28, 2014 available on Sedar.

Company contact: Martin Dallaire, P. Eng., President and Chief Executive Officer
Company address: 139 Québec Avenue, Suite 202, Rouyn-Noranda, Québec J9X 6M8
Company phone number: 819-797-0609
Company fax number: 819-797-0097
Company e-mail address: info@xterraresources.com
Company website: www.xterraresources.com