X-Terra announces results of its annual and special meeting of shareholders


    ROUYN-NORANDA, QC, Aug. 29 /CNW Telbec/ - X-Terra Resources Corporation
(XT-TSXV) is pleased to announce the results of its annual and special meeting
of shareholders held on August 27, 2008 in Rouyn-Noranda, Québec. At the
meeting, shareholders elected Martin Dallaire and Richard Patricio as members
of the Board of Directors of X-Terra, joining Sébastien Plouffe and Dr. Xin
Zhao. The shareholders also re-appointed PricewaterhouseCoopers LLP, Chartered
Accountants, as the auditors of X-Terra.
    At the meeting, shareholders also approved a resolution ratifying and
confirming X-Terra's stock option plan, a special resolution authorizing the
continuance of X-Terra under the Canada Business Corporations Act, and a
resolution approving an amendment to the Shareholder Rights Plan Agreement
dated March 20, 1998 so as to extend X-Terra's shareholder rights plan for
another five years. It is expected that the continuance of X-Terra under the
Canada Business Corporations Act will be completed shortly.
    X-Terra also announces that following the shareholders' meeting,
Mr. Laurent Hallé tendered his resignation as President, Chief Executive
Officer and a director of X-Terra. The Board of Directors appointed Martin
Dallaire as President and Chief Executive Officer of X-Terra and Sylvain
Champagne as a director of X-Terra to fill the vacancy created by the
resignation of Mr. Hallé. The Board wishes to thank Mr. Hallé for his valuable
contribution in serving as President and a director of X-Terra, and wishes him
well in his future endeavours.
    X-Terra's Board of Directors also granted an aggregate of 270,000 stock
options to X-Terra's five directors. The exercise price of the options is
$1.00 and the options expire on August 27, 2013. The options were granted
pursuant to X-Terra's stock option plan.

    About X-Terra Resources:

    X-Terra is a resource company focused on acquiring and exploring energy
properties in Canada. X-Terra Resources has only 12,245,069 shares

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00004590E

For further information:

For further information: Martin Dallaire, President and Chief Executive
Officer, (819) 762-0609, Fax: (819) 762-0097, info@xterraresources.com;

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