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Xander Resources Announces Closing of Non-Brokered Private Placement

Vancouver, British Columbia / March 24, 2025 - Xander Resources Inc. ("Xander" or the "Company") (TSXV: XND) (FSX: 1XI) announces that, further to its news releases of February 3, 2025 and February 14, 2025, and subject to the approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Offering") raising gross proceeds of $1,000,000.02 through the issuance of 5,263,158 units (each a "Unit") at $0.19 per Unit.

On February 14, 2025, the Company closed its Offering of common shares (each a "Share") raising gross proceeds of $126,084 through the issuance of 663,600 Shares at $0.19 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 (each a "Share") in the capital of the Company and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.25 for a period of three (3) years from the closing of the Offering.

The Company paid finder's fees 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 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.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Deepak Varshney, P.Geo., President and CEO

For more information, please email info@xanderresources.ca, or visit www.xanderresources.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.