X-Terra Resources Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported operating loss of CAD 103,754 and net loss of CAD 91,723 against operating loss of CAD 142,335 and net loss of CAD 117,933 or CAD 0.01 per basic and diluted share for the same period a year ago. For the six months, the company reported operating loss of CAD 190,685 and net loss of CAD 164,242 or CAD 0.01 per basic and diluted share against operating loss of CAD 32,312 and net loss of CAD 199,003 or CAD 0.02 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 165,636 against CAD 128,121 for the same period a year ago. Expenditures on mining and oil and gas properties were CAD 9,873 against CAD 181 for the same period a year ago. Expenditures on deferred exploration expenses were CAD 21,662 against CAD 64,895 for the same period a year ago.

X-Terra Resources Corporation announced that Gerry Feldman has joined its Board of Directors to replace Richard Patricio who has resigned effective May 15, 2012 to focus on other corporate responsibilities. Mr. Feldman was also appointed to the Audit Committee of X-Terra. Gerry Feldman currently Vice President, Corporate Development and Chief Financial Officer of Pinetree Capital Ltd.

X-Terra Resources Corporation, Annual General Meeting, Jun 29, 2012., at 14:00 US Eastern Standard Time. Location: Best Western Albert Centre-Ville, Richmont Hall. Agenda: To receive and consider the consolidated financial statements of the Corporation for the fiscal year ended December 31, 2011 and the auditors' report thereon; to elect directors; to appoint auditors and authorize the directors to fix their remuneration; to ratify and confirm the amended stock option plan of the corporation; and to transact such other business as may properly be brought before the Meeting.