As part of the transaction, XTCI is to acquire claims on 2100 acres of property located in northern Nevada. Extensive drilling and trenching of the property has already been completed and documented. The property is a traditional surface mining operation which will use existing industry extraction methods.

Xenolix, as part of its due diligence, is reviewing all existing data and documents and has contracted a third party to do sampling of the property and testing of the procedure proposed. Results of those tests will determine whether or not we enter into final negotiations.

Stephen Plumb, President and CEO of XTCI said this is a great opportunity for our shareholders to realize the company objective of becoming a producing, traditional gold mining operation. The acquisition of these assets would enable us to operate an open pit mine using accepted and proven recovery systems.

NOTE: This news release contains forward looking statements. Forward looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results to differ materially from forecasted results.

All inquires can be made through the offices of Xenolix Technologies, Inc. at 701 North Green Valley Parkway, Suite 200, Henderson, NV 89074

SOURCE: Xenolix Technologies