X-Terra Resources announces extension of warrant term

X-Terra Resources announces extension of

warrant term

ROUYN-NORANDA, QC

, Nov. 1, 2018 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)

(FRANKFURT: XTR) ("

X-Terra

") is pleased to announce that it has applied to the TSX Venture

Exchange for a one-year extension of the term of 1,525,000 common share purchase warrants that

were issued by X-Terra as part of a private placement that closed on November 16, 2016. Each

warrant currently entitles its holder to purchase one additional common share of X-Terra at an

exercise price of

$0.25

and has a current expiry date of November 16, 2018.

Subject to the approval of the TSX Venture Exchange, the term of the warrants will be extended to

November 16, 2019, for a total term of three years. X-Terra issued a total of 1,525,000 warrants in

the

November 2016

private placement, none of which have been exercised. 175,000 warrants are

held by a holding company of a director of X-Terra.

About X-Terra Resources Inc.

X-Terra Resources is a resource company focused on acquiring and exploring precious metals and

energy properties in

Canada

.

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 accuracy of

the release.

Website:

www.xterraresources.com

SOURCE

X-Terra Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/November2018/01/c5237.html

%SEDAR: 00035962E

For further information:

X-Terra Resources Inc., Mr. Michael Ferreira, President & Chief

Executive Officer, 139 Québec Avenue, Suite 202, Rouyn-Noranda, Québec, J9X 6M8, Telephone:

819-762-4101 | Fax: 819-762-0097, E-mail: [email protected]

CO: X-Terra Resources Inc.

CNW 11:21e 01-NOV-18