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Xceed Mortgage Issuing Fiscal Third-Quarter 2007 Results on September 13; Conference Call at 10:00 a.m. ET

TORONTO, Sept. 6 /CNW/ - Xceed Mortgage Corporation (TSX: XMC), a leading non-traditional mortgage lender, today announced that it will release financial results for its fiscal 2007 third quarter ended July 31, 2007 early on September 13, 2007 and will hold a conference call for analysts and investors that day at 10:00 a.m. (Eastern). The company will file its third-quarter news release and Management Discussion and Analysis with SEDAR and these documents will be available on the company's website prior to the conference call.

Ivan Wahl, Chairman and Chief Executive Officer, Michael Jones, President and Chief Operating Officer, and John Ayanoglou, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-644-3420 or 1-800-732-1073 at least five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.newswire.ca and www.xceedmortgage.com.

An archived recording of the call will be available at 416-640-1917 or 1-877-289-8525 (Passcode 2124601 followed by the number sign) from noon on September 13 to 11:59 p.m. on September 20. An archived recording of the webcast will also be available at Xceed's website.

About Xceed

Xceed is one of a new breed of alternative residential mortgage lenders in Canada. Xceed helps Canadians fulfill their aspirations of home ownership. Its borrowers range from those who have solid credit and income histories, but have not managed to save a down payment, to those who have gone through periods with limited and specific credit difficulties but have since recovered and repaired their credit. A growing proportion of Xceed's applicants are renters, self-employed entrepreneurs, and recent immigrants to Canada, who may otherwise not conform to major banks' electronic credit-scoring criteria.

By meeting the needs of Canadians for alternative financing, Xceed Mortgage Corporation has grown to become one of the largest non-traditional residential mortgage financing companies in Canada, with mortgage and other assets under administration of approximately $2.6 billion. Xceed operates in a market that is estimated to have a potential size of approximately $70 billion. Xceed's shares are traded on the Toronto Stock Exchange (TSX: XMC). To find out more about Xceed Mortgage Corporation, visit our website at www.xceedmortgage.com.

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