CALGARY, ALBERTA – Xtreme Drilling Corp. (“Xtreme” or the “Company”) (TSX: XDC), today announced the terms of its previously announced substantial issuer bid (the “Offer”), pursuant to which Xtreme will offer to purchase for cancellation up to 10,416,667 of its common shares (“Shares”) for an aggregate purchase price not to exceed CDN$25,000,000.

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