Xceed Mortgage Corporation Announces Xceed Mortgage Trust Series 2006-T1 Notes in Early Amortization

    TORONTO, April 17 /CNW/ - Xceed Mortgage Corporation (TSE: XMC) (Xceed),
as financial services agent of Xceed Mortgage Trust (XMT), today announced
that an amortization event occurred today in respect of the XMT Series 2006-T1
Notes, resulting in the commencement of an amortization period.

    About Xceed

    Xceed Mortgage Corporation, based in Toronto, is a Canadian provider of
insured residential mortgages that it originates in Canada. The company has
approximately $2.1 billion of mortgages and other assets under administration.
Xceed's shares are traded on the Toronto Stock Exchange (TSX: XMC). To find
out more about Xceed Mortgage Corporation, visit our website at

    Forward-Looking Statements

    Forward-looking statements in this document are based on current
expectations that are subject to significant risks and uncertainties. Actual
results might differ materially due to various factors such as the competitive
nature of the mortgage industry, the ability of Xceed to continue to execute
its growth and development strategy, and the reliance of Xceed on key
personnel. Xceed assumes no obligation to update these forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in these. Additional information identifying risks and
uncertainties is contained in Xceed's regulatory filings available on its
website and at www.sedar.com. Additional information identifying risks and
uncertainties is also contained in XMT's regulatory filings, which are
separately available at www.sedar.com.

    %SEDAR: 00020677E

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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