Press Release
$B!&(B XTIERRA COMMENCES DRILLING AT BILBAO
$B!&(B ENGAGES VANTAGEWIRE FOR INVESTOR RELATIONS
Toronto, May 18, 2010, Xtierra Inc. (TSXV ? XAG) ($B!H(BXtierra$B!I(B or the $B!H(BCompany$B!I(B), is pleased to report that drilling as part of a recently announced 5,000 metre program at Bilbao commenced May 17, 2010. Approximately 40 holes will be completed by Intercore S. de R.L. de C.V. in four component parts: (1) step-out drilling to the south and southwest of the existing silver-zinc-lead-copper deposit to define additional sulphide resources and follow up previously intersected high silver vein mineralization; (2) in-fill drilling within the current resource to upgrade resource categorization and for geotechnical data; (3) condemnation drilling in the area of the proposed mine installations; and (4) initial exploration drilling at the Gaby Marina and Cata Negra prospects, both within 5km of Bilbao.
Investor Relations
The Company is also pleased to announce that it has retained the services of Vantage Communications Ltd. ($B!H(BVantageWire$B!I(B), a Vancouver based Investor Relations service provider, to act as a marketing and investor relations consultant for the Company. VantageWire? is a leading provider of Investor Relations with an industry leading website at www.VantageWire.com that provides investors free, real-time stock quotes on all Canadian and US markets. VantageWire aims to increase the flow of information to shareholders, potential investors and financial institutions throughout the investment community by phone, email and via its internet financial portal.
VantageWire will provide investor relations services to Xtierra, commencing on the date of written TSX Ventures Exchange approval and terminating after the 12-month anniversary thereof. VantageWire will be granted 300,000 incentive Stock Options at a price of $0.21 per share. The Stock Options shall become vested in accordance with the Company$B!G(Bs standard Stock Option plan over a period of not more than 12 months as to 25% on the date that is three months from the date of grant, and a further 25% on each successive date that is three months from the date of the previous vesting. These options will expire upon 30 days after the date at which this agreement is terminated.
About VantageWire
VantageWire? is revolutionizing the way investors get their stock information by offering all investors free, real-time stock quotes on all North American Exchanges. VantageWire creates awareness of publicly traded companies in its online investment community at www.VantageWire.com ranging from news dissemination, corporate profiling, video and presentation hosting, newsletters, banner advertisements and strategic partnerships with television and online financial communities.
About Xtierra Inc.
Xtierra Inc. is a Toronto based exploration and development company listed on the TSX Venture Exchange. Xtierra$B!G(Bs shares trade under the symbol $B!H(BXAG$B!I(B. Xtierra has 75,637,003 shares issued and outstanding. Xtierra is conducting a feasibility study on its Bilbao silver$B!>(Bzinc$B!>(Blead-copper project in Zacatecas, Mexico. Xtierra$B!G(Bs objective is to become a mid$B!>(Btier producer of precious and base metals through the development of its Bilbao project as well as through exploration, organic growth and M & A opportunities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Xtierra, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Xtierra$B!G(Bs expectations are exploration risks detailed herein and from time to time in the filings made by Xtierra with securities regulators.
For further information visit www.xtierra.ca or contact:
Terence N. McKillen, President & Chief Executive +1 (416) 362-8243
Tim Gallagher, Director +1 (416) 925-0090
Alejandro Alaniz, Director Finance & Administration (Mexico) + 52 (492) 925-0804
Brett Whitelaw +1 (778) 836-5891
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