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10/23/2014 - 3:28 PM EST - Xmet Inc. : announced that it has elected to proceed with Phase Two of the Blackflake West Option Agreement with Metal Creek Resources Corp. Xmet has paid to Metals Creek the sum of $15,000 and has issued a further 1,000,000 common shares to Metals Creek in accordance with the terms of its option agreement. Phase Two involves diamond drilling of its All-Channel EM response. Xmet Inc. shares V.XME are trading down $0.005 at $0.04.