NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED STATES

X-Tal Minerals Corp. (TSX VENTURE:XMT.H) (the "Company" or "X-Tal") is pleased
to announce that, further to its press release dated November 2, 2010, it has
agreed on the pricing terms of its previously announced $10 million financing.
The financing is being conducted in conjunction with the Company's announced
merger with American Eagle Resources, Inc. ("AME") (the "Transaction"), in which
the Company will acquire all of the outstanding shares of AME.


Terms for $10 Million Financing

In conjunction with the Transaction, the Company has engaged MGI Securities Inc.
("MGI") and PI Financial Corp. ("PI") as agents (the "Agents") to carry out a
concurrent private placement (the "Financing") of up to 10,000,000 subscription
receipts priced at $1.00 per subscription receipt for gross proceeds of up to
$10,000,000. MGI has also agreed to serve as a sponsor if needed for purposes of
TSXV approval. Upon completion of the Transaction, each subscription receipt
will, for no additional consideration, automatically be exercised into one unit
of the Company, each unit consisting of one common share of the Company and one
half of one share purchase warrant, with each whole warrant entitling the holder
to purchase one common share of the Company at a price of $2.00 for a period of
12 months following closing. The Financing is expected to close on or before
December 15, 2010. At closing the gross proceeds of the Financing will be held
in escrow pursuant to the terms of a subscription receipt agreement to be
entered into by the Company and Computershare Investor Services Inc., and will
be released to the Company upon the completion of the Transaction. 


The Company has agreed to pay cash commissions of up to 6% of the gross proceeds
raised, and issue agent's warrants of up to 6% of the number of shares sold. In
addition, the Agents have the option (the "Agents' Option") to sell up to that
number of additional subscription receipts or units, as the case may be, which
is equal to 15% of the number of subscription receipts sold pursuant to the
offering at the same issue price. The Agents' Option may be exercised at any
time within 30 days after the closing date of the offering. 


ON BEHALF OF THE BOARD OF DIRECTORS

Walter H. Berukoff, Chairman

Completion of the transaction is subject to a number of conditions, including
Exchange acceptance and disinterested Shareholder approval. The transaction
cannot close until the required Shareholder approval is obtained. There can be
no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with the transaction, any information
released or received with respect to the RTO may not be accurate or complete and
should not be relied upon. Trading in the securities of the Company should be
considered highly speculative.
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