X-Cal Resources fka XCL

[Tackler]

X-Cal's AIF deemed deficient by BCSC

X-Cal Resources Ltd XCL
Shares issued 58,958,583 Nov 7 close $0.69
Mon 10 Nov 2003 News Release
Mr. Shawn Kennedy reports
REVISED TECHNICAL REPORT FOR THE SLEEPER GOLD PROJECT PENDING
X-Cal Resources has been notified by the British Columbia Securities
Commission that the annual information form filed by the company is
deficient and therefore the company is not a qualifying issuer and the
share hold period (four months) for securities issued by the company under
Multilateral Instrument 45-302 are not available to the company. This means
that securities issued by the company must be accompanied by a one-year
hold until a revised technical report on the Sleeper gold property is filed
by the company and accepted by the BCSC.
Further to the company's news in Stockwatch dated June 25, 2003, the
company is working to provide a revised technical report for the Sleeper
gold project, located in Humboldt county, Nevada, and accompanying news
release to address disclosure issues within the shortest time possible.
The above situation can affect the proposed financing reported by the
company in Stockwatch on Oct. 31, 2003. The company is expecting proposals
that can facilitate the exercise of X-Cal's option on 100 per cent of the
Sleeper Mining Co., LLC, by alternative means. The financing proposals that
are expected do not involve the issuance of securities by X-Cal.