X-Terra resources reprices financing



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    VANCOUVER, June 24 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV)
has repriced its previously announced 5 million units (the "Units") proposed
financing (see June 9, 2008 news release). The new terms of the proposed
financing are a maximum of five million Units of the Company at a price of
$1.00 per unit, for maximum gross proceeds to the Company of $5.0 million.
Each Unit will consist of one common share and one common share purchase
warrant. Each warrant will entitle the holder thereof to acquire one
additional common share of the Company at a price of $1.50 for a period of two
years from the closing of the private placement.
    The Company has agreed to pay to PowerOne Capital Markets, at the time of
the closing of the private placement, an agency fee equal to 8% of the gross
proceeds of the private placement in cash or, at the option of PowerOne
Capital Markets, in Units at a deemed price of $1.00 per Unit. The Company
will also issue broker warrants entitling PowerOne Capital Markets to purchase
a number of units equal to 8% of the number of Units sold in the private
placement, at an exercise price of $1.50 per Unit.
    The private placement is subject to regulatory approval, including that
of the TSX Venture Exchange. Completion of the financing remains subject to
TSX Venture Exchange approval.

    About X-Terra Resources:

    X-Terra is a resource company focused on acquiring and exploring energy
properties in Canada. X-Terra Resources has 7,245,069 shares outstanding.

    Forward-looking Statements

    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.

    This news release does not constitute an offer of the securities
described herein. These securities have not been registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and
may not be offered or sold in the United States or to U.S. persons unless
registered or exempt therefrom.
    %SEDAR: 00004590E




For further information:

For further information: Laurent Hallé, President and CEO, (819)
762-0609, Fax: (819) 762-0097, info@xterraresources.com,
www.xterraresources.com

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X-Terra Resources Corporation

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