Mr. Colin Moorhead reports

NOTICE OF EXTRAORDINARY GENERAL MEETING

Xanadu Mines Ltd. will hold an extraordinary general meeting (EGM) on Tuesday, Feb. 6, 2024, commencing at 11 a.m. AEDT at the Victoria Hotel, 215 Little Collins St., Melbourne, Victoria, Australia.

Further to the company's press release of Nov. 20, 2023, the meeting has been called to seek approval of two resolutions:

• Ratification of prior issue of 62,996,490 new shares to tranche 1 participants -- eligible professional and sophisticated investors;
• Issue of 15,185,328 new shares to tranche 2 participant -- Jinping (Singapore) Mining Pte. Ltd, a wholly owned subsidiary of Zijin Mining Group Co. Ltd.

Materials for the meeting have been mailed to shareholders of record and are available for review on the company's website or on the company's SEDAR+ profile.