Xtra-Gold to Repurchase Up To Approximately 4.1 Million Common Shares

Xtra-Gold Resources (OTCBB: XTGR; TSX: XTG) intends to proceed with a normal course issuer bid to purchase up to 4,045,353 common shares of the Company.  The Company is commencing the repurchase of shares because it believes that the current market price of its common shares may not fully reflect the underlying value of the Company’s business and its future business prospects.  The Company believes that the purchase of common shares for cancellation is in the best interests of the Company’s shareholders by increasing the respective proportionate shareholdings and therefore increasing the respective equity interest in the Company for all remaining shareholders.

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