EXX INC Announces Consolidated Net Sales and Net Income for the Quarter and Year Ended December 31, 2004

LAS VEGAS, April 15 -- EXX INC (Amex: EXX-A; EXX-B) today announced its consolidated net sales and net income for the quarter and the year ended December 31, 2004.

                                          2004                2003 (A)
                                      (unaudited)           (unaudited)
  Quarter Ended December 31
     Net sales                        $34,299,000           $33,917,000

     Income (loss) from continuing
      operations                      $(1,100,000) (B)(C)(D)   $767,000 (E)
     Income from discontinued
      operations                              ---                   ---
     Net income (loss)                $(1,100,000)             $767,000
     Per EXX-A & B Shares:
     Basic
     Income (loss) from continuing
      operations                            $(.09)                 $.07 (E)
     Income from discontinued
      operations                              ---                   ---
     Net income (loss)                      $(.09)                 $.07
     Assuming dilution
     Income (loss) from continuing
      operations                            $(.08)                 $.07 (E)
     Income from discontinued operations      ---                   ---
     Net income (loss)                      $(.08)                 $.07
  Average shares outstanding
     Basic                             11,270,000            11,270,000
     Assuming dilution                 12,112,000            12,818,000

                                       (audited)             (audited)
  Year Ended December 31
     Net sales                       $143,548,000          $135,474,000

     Income from continuing
      operations                       $1,504,000 (B)(C)(D)  $5,241,000 (E)
     Income from discontinued
      operations                              ---               576,000
     Net income                        $1,504,000            $5,817,000
     Per EXX-A & B Shares:
     Basic
     Income from continuing operations       $.13                  $.47 (E)
     Income from discontinued operations      ---                   .05
     Net income                              $.13                  $.52
     Assuming dilution
     Income from continuing operations       $.12                  $.43 (E)
     Income from discontinued operations      ---                   .05
     Net income                              $.12                  $.48
  Average shares outstanding
     Basic                             11,270,000            11,192,000
     Assuming dilution                 12,467,000            12,253,000

  (A)  Includes results from Newcor, Inc. acquisition from January 31, 2003.
  (B)  Includes income of $448,000 related to pension curtailment gain.
  (C)  Includes $4,523,000 pretax impairment charge.
  (D)  Includes $2,520,000 pretax gain from forgiveness of indebtedness.
  (E)  In March 2005, EXX's management reviewed the allocation of purchase
       price with respect to EXX's acquisition of Newcor and determined that
       an additional intangible asset of $3,625,000 relating to customer
       relationships existing at the January 31, 2003 purchase date which
       had not been previously reported.  The intangible asset will be
       amortized over a five-year period beginning with the date of
       purchase.  Amortization of this intangible asset resulted in a
       reduction in net income of $110,000, or $.01 per share, for the
       quarter ended December 31, 2003, and $407,000, or $.04 per share, for
       the year ended December 31, 2003.

The above results of operations may 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.