Xceed in Discussions Regarding Potential TransactionXceed...

Xceed in Discussions Regarding Potential Transaction

Xceed Resources Limited (Xceed or Company) advises that it is in discussions with a
third party regarding a proposal which, if it were to proceed, could result in a
corporate transaction involving the Company (Proposal). At this stage, the Proposal is
indicative, non-binding, incomplete and conditional.
The Proposal is subject to a number of conditions, including (amongst others) the
completion of satisfactory due diligence and execution of formal, binding
documentation.
Accordingly, the Company has invited the proposer to undertake a due diligence
process. This process will of necessity result in a wider range of people becoming
aware of the Proposal and the Company is concerned that there is an elevated risk
that the confidentiality of the Proposal may be lost. Hence the directors have decided
to make this announcement in order to ensure that the market remains fully
informed. Nevertheless, it is stressed that the Proposal is indicative, non-binding,
conditional and incomplete, and there can be no assurance that the Proposal will
result in any transaction occurring.
For further information regarding the Company, please contact the Company
Secretary on +61 8 9226 0329 or refer to www.xceedresources.com.au