Xceed Mortgage Webcasting Annual and Special Meeting on April 23

    TORONTO, April 17 /CNW/ - Xceed Mortgage Corporation (TSX: XMC), a
leading non-traditional mortgage lender, today announced that it will be
webcasting live its Annual and Special Meeting beginning at 9:00 a.m.
(Eastern) on April 23, 2007. The Annual and Special Meeting is being held at
The Gallery of the Toronto Stock Exchange Broadcast Centre, 130 King Street,
W., Toronto.
    The live audio webcast of the meeting will be available at
www.newswire.ca and www.xceedmortgage.com. A copy of the slides used to
accompany management's presentation at the meeting also will be available on
the company's website.

    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 $2.5 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

    %SEDAR: 00020677E

For further information:

For further information: please contact Investor and Media Relations:
Richard Wertheim, Wertheim + Company Inc., (416) 594-1600,

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