EXHIBIT 99.1


                                   EXX INC
                                  SUITE 689
                           1350 EAST FLAMINGO ROAD
                             Las Vegas, NV 89119


              DAIMLERCHRYSLER AWARDS A THIRD MACHINING PROGRAM
              ------------------------------------------------
                           TO A NEWCOR SUBSIDIARY
                           ----------------------

LAS VEGAS, NV. JUNE 17, 2005--EXX INC (AMEX: EXX-A AND EXX-B) TODAY
ANNOUNCED THAT DAIMLERCHRYSLER CORPORATION ("DCX") HAS AWARDED AN AXLE
MACHINING PROGRAM FOR A DCX POWERTRAIN TO A SECOND SUBSIDIARY OF NEWCOR,
INC. (A 99% OWNED SUBSIDIARY OF EXX INC). THE ANTICIPATED ANNUAL SALES FROM
THIS PROGRAM ARE ESTIMATED AT APPROXIMATELY 10% OF EXX'S 2004 ANNUAL SALES.
FULL PRODUCTION UNDER THE PROGRAM IS PLANNED TO BEGIN IN THE THIRD QUARTER
OF 2005. THIS NEW PROGRAM, WHICH IS THE THIRD PROGRAM AWARDED BY DCX, IS IN
ADDITION TO THE DCX PROGRAMS PREVIOUSLY ANNOUNCED IN MAY 2005.

IN 2004, EXX HAD ANNOUNCED THAT NEWCOR HAD BEEN NOTIFIED BY ITS MAJOR
CUSTOMER, AMERICAN AXLE & MANUFACTURING ("AXL") THAT NEWCOR WOULD LOSE
CERTAIN AXLE MACHINING BUSINESS DUE TO AXL'S STRATEGIC DECISION TO IN-SOURCE
AXLE MACHINING. THIS LOST BUSINESS IS STILL ANTICIPATED BY NEWCOR COMMENCING
WITH THE WITHDRAWAL OF TWO PARTS IN THE THIRD QUARTER OF 2005 WITH
INCREASING VOLUMES OF PARTS BEING WITHDRAWN THROUGH 2006. EXX ANTICIPATES
THAT WHEN AND AS AXL COMPLETES THE IN-SOURCING PROGRAM, THE LOST REVENUES
AND PROFITS FROM THE AXL BUSINESS WILL BE EXCEEDED BY THE TOTAL NEW REVENUES
AND PROFITS FROM THE THREE NEW PROGRAMS AWARDED BY DCX, WHICH WILL BECOME
NEWCOR'S LARGEST CUSTOMER.

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,
CHANGES IN MANUFACTURING AND SHIPMENT SCHEDULES, 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