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Pastimes : wild salmon run -- Ignore unavailable to you. Want to Upgrade?

To: sageyrain who wrote (4)	6/2/2008 6:13:38 PM
From: sageyrain	Read Replies (2) \| Respond to of 99

X-terra is the most recent claimant to the Quebec Utica Shale play. Need to see where their permits are located. Based on their descriptions and the ubiquitous permit coverage already in place, I am guessing they will be lucky to have any prospective Utica under their ground. ------------- X-Terra Resources Applies for Shales License in Lowland Quebec VANCOUVER, June 2 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV) is very pleased to announce that the company has received a letter from the Ministry of Natural Resources to confirm the application permits for over 120,000 hectares made on behalf of X-Terra Resources have been received and will be processed in the coming days. The land staked is in close proximity to Junex Resources and Intragaz Exploration near Shawinigan city and Squatex Resources in the Rimouski area in the heart of the Quebec Utica-Barnett-like shale natural gaz play. Laurent Halle stated ; "The province of Quebec represents a vast territory where minerals and hydrocarbons potential are still largely underdeveloped. At this time, X-Terra has a diversified portfolio of exciting prospects. Management expects to be able to start up work programs shortly to explore the economic possibilities of these prospects." The company is also granting to directors, officers and consultants incentive stock options entitling the purchase of up to 500,000 shares of the Company at a price of $0.30 per share for five years pursuant to the terms ofthe Company's rolling stock option plan that was approved at the June 14, 2007, annual general meeting. About X-Terra Resources: X-Terra is a resource company focused on acquiring and exploring energy properties in Canada. X-Terra Resources has only 6,776,671 shares outstanding.