Xceed Resources Ltd.: Roodepoort (XCD-participation 70 %) – Beginning of the exploration drilling

Xceed Resources Ltd.: Roodepoort (XCD-participation 70 %) – Beginning of the exploration drilling

29.05.2012 – The company announced, that was launched at the Thermal Coal Project, a diamond drilling program Roodepoort. In February and March to a total length of 700 Meters 20 HQ diamond holes to an average depth of 35 be m per hole drilled.

The geophysical data from all the holes are determined by the wireline logging, selected hole nuclei geotechnically. Drill core samples are sent to the laboratory by Noko Laboratories in Witbank and then tested for washability. The operating company for the geological consulting firm Gemecs the results of the tests is expected in the 2. Half of next month and can then get the resource model by the end of March and. In early April finish.

The aim of the drilling program is, To test the extent of carbon mineralization in the concession area and Roodepoort in the concession area adjacent Diepspruit. This concession areas, extending over a total area of 1.120 Hectare stretch, lie about 120 km east of Johannesburg and 60 km east of the company's project Moabsvelden. Within a radius of twenty miles are the Eskom coal-fired power plants Kriel and Matla and in about. ten kilometers away from the Exxaro coal-powered plant Mountains New Clydesdale.

The due diligence, by the company in December quarter 2011 conducted on the concession areas, has shown, that the current data correlate well with the historical drill results. It could be confirmed, that it is determined at the coal deposits near the surface potential of export quality coal to or. Coal for the domestic market is.

The historical drill holes show, that half of the property (about 500 Hectare) of elements of the seams 1, 2 and 4 is underlain. Based on the Phase I program is an appreciation of the in-situ resources into indicated and inferred category are possible.

For the Board of

Xceed Resources Limited

Ian Culbert

For more information about the company visit by phone +61 8 9226 0329 www.xceedresources.com.au or via the website.

ASX-Symbol: XCD
Ordinary shares: 115.500.436

Chairman: Patrick O’Connor
Manager: Ian Culbert
Chief Financial Officer: Stephen Belben

Level 9, 105 St Georges Terrace
Perth WA 6000
Mailing address: GPO Box 2575
Perth WA 6001
T: +61 (8) 9226 0326
F: +61 (8) 9226 0327

South Africa
4/B Midland Office Park
Middlesbrough, Mpumalanga 1050
T: +27 (13) 243 7032
F: +27 (13) 243 7031

ABN: 79 009 181 006

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:


The information contained in this announcement, that relate to exploration results and mineral resources of thermal coal project Roodepoort, based on information, Kobus Dippenaar of the, Pr.Sci.Nat, B.Sc Hons (Geology), GSSA, an experienced coal geologist consulting firm Gemecs (Pty), were compiled. Herr Dippenaar ist ein angesehenes Mitglied des South African Council for Natural Scientific Professions (Nr SACNASP. 4090079/94) and a member of the Geological Society of South Africa (Geological Society of South Africa). Both are renowned professional organizations in overseas. Mr. Dippenaar has sufficient experience, as shown here for the type of mineralization or. Deposit, and also for the conduct of activities it is essential. He therefore has the appropriate qualifications, made him the expert in accordance with the relevant Australian guidelines for reporting („Australasian Code for Reporting of Exploration, Mineral Resources and Ore Reserves“, Output 2004) enable. Mr. Dippenaar to correct, that are based on the relevant information quoted in the form and context corresponding manner be included in the presentation.

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