Subject: XND NR 2025 07 09 - W Acquisition
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www.xanderresources.ca
Xander Resources Expands Project Portfolio with the Bear River Tungsten Project
Vancouver, British Columbia / July 9, 2025 - Xander Resources Inc. ("XND" or the "Company") (TSXV: XND), a North American mineral acquisition and exploration company, is pleased to announce that, subject to the approval of the TSX Venture (the "Exchange"), the Company has executed an option (the "Option Agreement") for the right to purchase an undivided 100% interest in the Bear River Tungsten property (the "Property" or the "Property") comprised of 36 mineral claims covering approximately 1,980 hectares in southeastern Quebec (Fig. 1).
Deepak Varshney, CEO of Xander, commented: "The Bear River claims are an exciting addition to our growing portfolio of critical metal assets, and our review highlights the potential for new discoveries at this project."
Fig.1: Xander Resources Claims in Riviere l'Ours (Bear River), Quebec
The Project is situated in southeastern part of Allochthon subdivisions of the Granville geological province adjacent to Anticosti platform and Havre-Saint-Pierre complex, which is characterized by ancient, highly metamorphosed rocks, and includes a mineralized showing (Ech. CN-08-285) with tungsten (W) concentrations in the form of Wolframite which could be associated to the quartz veining systems intruded in the Wakeham group rocks.
The Company believes there is possible potential of tungsten mineralization associated with metamorphism or with quartz veining systems within the Project based on the following:
The lithological setting (Wakeham group) in which the mineralization is hosted, an arenaceous siliciclastic sequence accompanied by paragneiss, mudrock, conglomerate, carbonate rocks and volcanic rocks in smaller proportions that are weakly to moderately metamorphosed;
the other geological settings and groups within the Project claim boundaries such as the La Galissonniere (granite, monzogranite, and quartz syenite) and Robe Noire (gabbro sills and dykes); and
the evidence of metamorphism including a degree of recrystallization of the rock, the transformation of some detrital minerals into metamorphic minerals in some areas, and the deformation that has modified or obliterated the initial geometry of the deposits in some other areas; and the presence of tungsten in the system (as it is presented in the Ech. CN-08-285 showing)
Pursuant to the Option Agreement, the Company may acquire a 100% interest in the Property by issuing to the Vendor an aggregate of 1,000,000 common shares ("Shares") in the capital of the Company as indicated in the table below:
Payment
Shares
Signing
500,0001,2
1st Anniversary
500,0002,3
Total
1,000,000
Notes
Payable within fifteen (15) days from receipt of approval to the Agreements from the Exchange (the "Approval").
Shares of the Company are to be issued at a deemed value based on the Discounted Market Price at the time of issuance.
Payable on the first anniversary of receipt of Approval from the Exchange.
The Company has granted a 2% net-smelter returns royalty (the "NSR") to the Vendor.
The transaction contemplated, including the issuance of the Shares, are subject to the final approval of the Exchange. The Shares will be subject to the applicable hold periods in accordance with securities laws in Canada and the Exchange policies.
Qualified person
The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo. (EGBC#62313, OGQ#10876), an independent contractor and a qualified person as defined by National Instrument 43-101.
About Xander Resources Inc.
Xander Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties with high-upside and expansion potential.
XANDER RESOURCES INC.
For more information, please call 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.
Forward-looking statements:
This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
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