EXX INC Announces Second Quarter Consolidated Sales and Net Income for 2005

LAS VEGAS, Aug. 12, 2005 -- EXX INC (AMEX:EXX-A) (AMEX:and) (AMEX:EXX-B) today announced its consolidated sales and net income for the quarter and six months ended June 30, 2005.

                                         2005                 2004
                                     (unaudited)          (unaudited)
  Three Months Ended June 30
    Net sales                      $  37,528,000        $  37,795,000

    Net income                     $     718,000        $   1,216,000 (A)

    Per EXX-A & B Shares:
    Basic                          $         .06        $         .11 (A)
    Assuming dilution              $         .06        $         .10 (A)

  Average Shares Outstanding

    Basic                             11,270,400           11,270,400
    Assuming dilution                 12,229,109           12,486,399

  Six Months Ended June 30

    Net sales                      $  75,054,000        $  74,109,000

    Net income                     $   1,174,000        $   2,067,000 (A)

    Per EXX-A & B Shares:
    Basic                          $         .10        $         .18 (A)
    Assuming dilution              $         .10        $         .16 (A)

  Average Shares Outstanding

    Basic                             11,270,400           11,270,400
    Assuming dilution                 12,245,841           12,653,959

   (A) Restated to reflect amortization of customer relationships
       intangible asset totaling $112,000 or $.01 per share for the quarter
       ended June 30, 2004 and $224,000 or $.02 for the six months ended
       June 30, 2004.

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.