EXX INC Announces 3rd Quarter 2004 Sales and Net Income

LAS VEGAS, Nov. 10, 2004 -- EXX INC (AMEX:EXX-A) (AMEX:and) (AMEX:EXX-B) today announced its consolidated sales and net income for the quarter and nine months ended September 30, 2004.

                                                 2004             2003 (A)
                                             (Unaudited)        (Unaudited)
  Quarter Ended September 30
    Sales                                    $35,140,000        $34,360,000

    Income from continuing operations           $757,000 (B)     $1,497,000
    Income from discontinued operations              ---            306,000
    Net income                                  $757,000         $1,803,000
    Per EXX-A & B Shares:
    Basic
    Income from continuing operations               $.07               $.13
    Income from discontinued operations              ---                .03
    Net Income                                      $.07               $.16
    Assuming dilution
    Income from continuing operations               $.06               $.12
    Income from discontinued operations              ---                .02
    Net Income                                      $.06               $.14
  Average Shares Outstanding
    Basic                                     11,270,400         11,270,400
    Assuming dilution                         12,143,557         12,769,441

  Nine Months Ended September 30
    Sales                                   $109,249,000       $101,557,000

    Income from continuing operations         $3,048,000 (B)     $4,769,000
    Income from discontinued operations              ---            576,000
    Net Income                                $3,048,000         $5,345,000
    Per EXX-A & B Shares:
    Basic
    Income from continuing operations               $.27               $.43
    Income from discontinued operations              ---                .05
    Net Income                                      $.27               $.48
    Assuming dilution
    Income from continuing operations               $.24               $.40
    Income from discontinued operations              ---                .04
    Net Income                                      $.24               $.44
    Average Shares Outstanding
    Basic                                     11,270,400         11,166,004
    Assuming dilution                         12,541,593         12,052,779

   (A)  Includes results of Newcor, Inc. acquisition as of January 31, 2003.
   (B)  Includes income of $448,000 related to pension curtailment gain.

The above results of operations contain certain forward-looking statements which are covered under the safe harbor provisions of the Private Securities Legislation Reform Act of 1995 with respect to the Company's future financial performance. Although EXX INC believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be realized. Forward-looking statements involve known and unknown risks which may cause EXX INC's actual results and corporate developments to differ materially from those expected. Factors that could cause results and developments to differ materially from EXX INC's expectations include, without limitation, withdrawal of business by principal customers, changes in manufacturing and shipment schedules, delays in completing plant construction and acquisitions, labor disturbances, new product and technology developments, competition within each business segment, cyclicality of the markets for the products of a major segment, litigation, significant cost variances, the effects of acquisitions and divestitures, and other risks.