Mr. Deepak Varshney reports

XANDER RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to its news releases of Feb. 3, 2025, and Feb. 14, 2025, and subject to the approval of the TSX Venture Exchange, Xander Resources Inc. has closed its non-brokered private placement raising gross proceeds of $1,000,000.02 through the issuance of 5,263,158 units at 19 cents per unit.

On Feb. 14, 2025, the company closed its offering of common shares, raising gross proceeds of $126,084 through the issuance of 663,600 Shares at 19 cents per share. The company raised total aggregate gross proceeds of $1,126,084.02 through its offering of units and shares.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of 25 cents for a period of three years from the closing of the offering.

The company paid a finder's fee of $300.20 to Ventum Financial Corp. in connection with the offering pursuant to the policies of the exchange. The company intends to use the net proceeds of the offering for exploration activities and for general corporate and working capital purposes.

All securities issued pursuant to the offering are subject to the exchange hold period and a statutory hold period expiring on July 25, 2025, in accordance with applicable securities legislation.

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.