Xceed Mortgage Issuing Fiscal 2009 Third-Quarter Results On September 10, Conference Call at 10:00 a.m. ET;

    -   Webcasting Special Meeting of shareholders being held at 2:00 p.m.
        (Eastern) to approve continuance of the company as a federally
        chartered bank

    TORONTO, Sept. 2 /CNW/ - Xceed Mortgage Corporation (TSX: XMC), a
Canadian provider of insured mortgages, today announced that it will release
its fiscal 2009 third-quarter financial results early on Thursday, September
10, 2009 and will hold a conference call for analysts and investors that day
at 10:00 a.m. (Eastern). The company will file its third-quarter news release,
financial statements, and Management Discussion and Analysis with SEDAR and
these documents will be available on the Xceed's website prior to the
conference call.
    Ivan Wahl, Chairman and Chief Executive Officer, and Karen L. Martin,
President and Chief Financial Officer, will be available to answer questions
during the call.
    To participate in the call, please dial 647-427-7450 or 1-888-231-8191 at
least five minutes prior to the start of the call.
    A live audio webcast of the conference call will be available at
www.newswire.ca and www.xceedmortgage.com.
    An archived recording of the call will be available at 402-220-0879 or
1-800-374-7921 (Passcode 27928378) from two hours following the conclusion of
the call on September 10 to 11:59 p.m. on September 17. An archived recording
of the webcast also will be available at Xceed's website.
    Xceed also is holding a Special Meeting of shareholders on September 10,
2009 at 2:00 p.m. at The Gallery of the TSX Broadcast Centre, 130 King Street
West, Toronto. At the meeting, shareholders will be asked to approve
continuance of the company as a federally regulated Schedule 1 bank under the
Bank Act (Canada), to change its name to Xceed Bank and Banque Xceed, and to
confirm amendments to the by-laws of the company. Continuance as a Schedule 1
bank also is subject to the approval of the Office of the Superintendent of
Financial Institutions. The change in Xceed's name will take place subject to
approval being received from OSFI to continue as a bank.
    A live audio webcast of the Special Meeting will be available at
www.newswire.ca and www.xceedmortgage.com.

    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 $2.0 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

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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