Mr. Deepak Varshney reports

XANDER RESOURCES ANNOUNCES ISSUANCE OF SHARES PURSUANT TO OPTION AGREEMENT AMENDMENT

Xander Resources Inc. has received approval from the TSX Venture Exchange to the amendment to its mineral property option agreement dated Oct. 20, 2021, and Oct. 13, 2022, entered into with the optionors with respect to the CNC Timmins property located in Timmins, Ont., as announced on Jan. 15, 2024.

The company is proceeding with the issuance of 20 million common shares at a deemed price of one cent per share, representing a total deemed value of $200,000, to the optionors in connection with the amended agreement.

The shares are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the exchange hold period.

About Xander Resources Inc.

Xander is a Canadian mineral acquisition and exploration company based in Vancouver, B.C., Canada, focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the provinces of Ontario and Quebec. Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val d'Or, Que., including the Senneville claim group, which comprises over 100 square kilometres and is contiguous in the south to Probe Metals' new discovery and contiguous in the north to Monarch Mining, in close proximity to the Crawford project.