/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
VANCOUVER, June 2 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV)
is very pleased to announce that the company has received a letter from the
Ministry of Natural Resources to confirm the application permits for over
120,000 hectares made on behalf of X-Terra Resources have been received and
will be processed in the coming days.
The land staked is in close proximity to Junex Resources and Intragaz
Exploration near Shawinigan city and Squatex Resources in the Rimouski area in
the heart of the Quebec Utica-Barnett-like shale natural gaz play.
Laurent Halle stated ; "The province of Quebec represents a vast
territory where minerals and hydrocarbons potential are still largely
underdeveloped. At this time, X-Terra has a diversified portfolio of exciting
prospects. Management expects to be able to start up work programs shortly to
explore the economic possibilities of these prospects."
The company is also granting to directors, officers and consultants
incentive stock options entitling the purchase of up to 500,000 shares of the
Company at a price of $0.30 per share for five years pursuant to the terms of
the Company's rolling stock option plan that was approved at the June 14,
2007, annual general meeting.
About X-Terra Resources:
X-Terra is a resource company focused on acquiring and exploring energy
properties in Canada. X-Terra Resources has only 6,776,671 shares outstanding.
This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond the ability of X-Terra to control or predict, which could cause actual
events or results to differ materially from those anticipated in such
forward-looking statements, including risks disclosed in filings with the
Canadian securities regulators made by X-Terra. Accordingly, readers should
not place undue reliance on forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Laurent Hallé, President and CEO, (819)
762-0609, Fax: (819) 762-0097, email@example.com