Xtra-Gold Resources Corp. (“Xtra”) announced on November 23, 2010 that it completed its initial public offering (the “Offering”) of 8,092,593 common shares at a price of $1.35 per common share for aggregate gross proceeds of $10,925,000.

The Offering was underwritten by a syndicate of investment dealers led by Haywood Securities Inc., and included GMP Securities L.P. and Raymond James Ltd. (collectively the “Agents”).

Peterson Law acted as counsel to Xtra in connection with the Offering with a team that included Dennis Peterson.