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*Passport Potash Inc. 
Listed Company 

INTERNATIONAL X-CHEQUER RESOURCES INC. ("IXR.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 16, 2007
NEX Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,993,031 shares and 1,600,000 share purchase warrants to settle outstanding debt for $498,257.79.

Number of Creditors: 5 Creditors

Insider / Pro Group Participation: N/A

Warrants: 1,600,000 share purchase warrants to purchase 1,600,000 shares

Warrant Exercise Price: $0.33 for a one year period

The Company shall issue a news release when the shares are issued and the debt extinguished.

TSX-X
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