/C O R R E C T I O N from Source -- Xceed Mortgage Corporation

    In c9851 transmitted at 11:42e today, an error occurred in the first
    paragraph. The time given for the Business News Network interview should
    have read "4:45 p.m." and not "4:15 p.m.". Corrected copy Follows:

    Xceed Mortgage Chairman and CEO Appearing Today on BNN

    TORONTO, Jan. 17 /CNW/ - Xceed Mortgage Corporation (TSX: XMC), a leading
non-traditional mortgage lender, announced that its Chairman and Chief
Executive Officer, Ivan Wahl, will be interviewed at about 4:45 p.m. (ET)
today on Business News Network.
    Mr. Wahl expects to discuss Xceed Mortgage's fiscal 2008 financial
results, announced earlier today, and the outlook for the company.

    About Xceed

    Xceed is one of a new breed of alternative residential mortgage lenders
in Canada. Xceed helps Canadians fulfill their aspirations of home ownership.
Its borrowers range from those who have solid credit and income histories, but
have not managed to save a down payment, to those who have gone through
periods with limited and specific credit difficulties but have since recovered
and repaired their credit. A growing proportion of Xceed's applicants are
renters, self-employed entrepreneurs, and recent immigrants to Canada, who may
otherwise not conform to major banks' electronic credit-scoring criteria.
    By meeting the needs of Canadians for alternative financing, Xceed
Mortgage Corporation has grown to become one of the largest non-traditional
residential mortgage financing companies in Canada, with mortgage and other
assets under administration of approximately $2.7 billion. Xceed operates in a
market that is estimated to have a potential size of approximately $70
billion. Xceed's shares are traded on the Toronto Stock Exchange (TSX: XMC).
To find out more about Xceed Mortgage Corporation, visit our website at

For further information:

For further information: Investor and Media Relations:  Richard
Wertheim, Wertheim + Company Inc., (416) 594-1600 or (416) 518-8479 (cell),

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XCEED Mortgage Corporation

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