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X-CAL Resources Ltd

Published : March 26th, 2008

Mining Companies Downloading Current Sleeper Data

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X-Cal Resources Ltd.
TSX:XCL
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March 26, 2008
X-Cal Resources Ltd.: Mining Companies Downloading Current Sleeper Data
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - X-Cal Resources Ltd. (TSX:XCL) -

Mining companies are downloading X-CAL's Sleeper data in forms that are compatible with modern geologic systems. Our intention is to select a development partner. The process is ongoing and encouraging.

The 30 square mile property, located on the Battle Mountain Trend in Nevada, is centered on the historic Sleeper Gold Mine.

More than one mineralizing event has taken place on the property.

Detailed geologic cross sections, describe rock units, assay data, structure, boundaries between oxide and sulphide mineralization and previously unrecognized debris flow layers, which are mineralized.

A new picture of the Sleeper Gold System is evident in the current cross-sections and structural interpretations, by Laurence (Larry) G. Martin. A paper by Mr. Martin and colleagues will detail the present picture.

The new model for Sleeper is defining a framework for ongoing testing of the mineral system.

Plausible pathways for mineralizing fluids have been identified. These areas are attractive targets. Limited drill data, in some of these areas is encouraging, accompanied by significant areas with no drilling.

West Wood drilling shows high grade quartz-sulphide breccias containing pieces of gold bearing vein material that have been broken into fragments by later mineralizing event(s), which also carried precious metals.

In contrast, the Wood Vein at Sleeper (which was mined at a higher elevation in the open pit) was a low-sulphidation, gold bearing, quartz vein.

High-grade West Wood intercepts can be viewed in the 2007 Annual Report. The possible benefits of ramp access to West Wood are a topic of discussion.

Expediting the mineral inventory process is a priority. The objective is to quantify mineralization located on the east side of the Sleeper Pit in the Facilities Area(s) and the Heap Leach Pads, as well as mineralization located at West Wood on the west side of the pit in NI-43-101 terms.

The gold and silver mineralization at Facilities and Heaps is lower grade, consisting of significant volumes of both near-surface and above-ground mineralized material.

SUMMARY

The mineral inventory process is ongoing. Management is seeking to clarify, simplify and expedite this process.

Property visits by able corporate entities, which include complete downloading of Sleeper data, are ongoing and encouraging.

The new geologic picture is expected to assist both exploration and development of the Sleeper Gold District. A paper to document the current picture at Sleeper is in progress.

The contents of this release have been reviewed by Larry Kornze, P.Eng., who is a "Qualified Person" as defined by NI-43-101.

Shawn Kennedy, President

Caution Concerning Forward-Looking Statements

This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.

Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

Note: X-Cal Resources Ltd. can be referenced through the Standard & Poor's Directory.

CONTACT INFORMATION:

X-Cal Resources Ltd.
Shawn Kennedy
President
(604) 662-8245
Fax: (604) 688-7740
Email: invrel@x-cal.com
Website: www.x-cal.com
INDUSTRY: Manufacturing and Production - Mining and Metals

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X-CAL Resources Ltd
CODE : XCL.TO
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X-CAL Resources is a exploration company based in Canada.

X-CAL Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 28.5 millions as of today (US$ 28.4 millions, € 22.1 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.15, and its lowest recent point on December 05, 2008 at CA$ 0.02.

X-CAL Resources has 167 588 000 shares outstanding.
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Corporate Presentations of X-CAL Resources Ltd
10/5/2009The Sleeper Gold project may be kissed awake and back into p...
Financings of X-CAL Resources Ltd
6/11/2009Warrants Exercised
Financials of X-CAL Resources Ltd
7/28/2009First Quarter Financial Statements Filed and Update
Project news of X-CAL Resources Ltd
3/8/2010(Sleeper)Addition of a Development Team Is Next for Sleeper
11/25/2009(Sleeper) Preliminary economic assessment filed to Sedar - Sleeper Go...
10/20/2009(Sleeper)Sleeper PEA - October 19th 2009
10/19/2009(Sleeper)NI 43-101 Preliminary Economic Assessment of the Sleeper Gol...
10/14/2009(Sleeper)Mineral resources and inventory - Sleeper Gold property, Nev...
8/19/2009(Sleeper)Exploration Potential of Sleeper project: an update - by Dr....
8/19/2009(Sleeper)Dr. Sillitoe Updates Sleeper Gold Project
9/26/2008(Sleeper)Files New NI 43-101 Report for Sleeper
9/8/2008(Sleeper)Mineral Resources and Inventory
5/1/2008(Sleeper) Schedule for Sleeper Mineral Inventory
Corporate news of X-CAL Resources Ltd
8/23/2010Shareholder Vote Approves Plan of Arrangement with Paramount
7/19/2010Mailing to Shareholders
6/23/2010Paramount Gold and Silver Corp. Acquires X-Cal Resources Ltd...
9/28/2009Results of the X-Cal annual Meeting
9/10/2009New X-Cal Website: Paper by Dr. Sillitoe featured
2/17/2009Update and Q3 Financials Filed
12/23/2008Sale of Royalty to Ken Snyder Gold Syndicate
12/1/2008 Open Letter to Shareholders
9/29/2008Results of Annual Meeting
9/12/2008 Message to Shareholders
6/20/2008Renewals Completed on All Nevada Mineral Claims, Mineral In...
3/26/2008 Mining Companies Downloading Current Sleeper Data
2/14/2008Q3 Financials, MD&A Filed and Update
1/9/2008 2008 Priorities and Update
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