The Board of Xenolith Gold Limited (“Xenolith” or “Company”) is pleased to announce that the placement of 35,000,000 Shares at 6 cents each (together with a free attached option exercisable at $0.08 on or before 30 June 2011, on the basis of 3 options for every 4 shares issued) to raise $2,100,000 (before costs) has now been completed.