Xenolix Completes Asset Acquisition

HENDERSON, Nev., Mar 25, 2004 (BUSINESS WIRE) -- Xenolix Technologies (Pink Sheets:XTCI) is pleased to announce THE completion of the acquisition of the assets of Gulf Dragon, LLC. The company believes this to be the first step in it's strategic plan to become a conventional gold producing company.

NOTE: A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that XTCI may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

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

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