Mr. Deepak Varshney reports

XANDER RESOURCES ACQUIRES TIMMINS EAST PORTFOLIO

Subject to the approval of the TSX Venture Exchange, Xander Resources Inc. has executed an option for the right to purchase an undivided 100-per-cent interest in 332 mineral claims adjacent to and nearby its existing Timmins project.

The Timmins East portfolio is approximately 6,904 hectares and is located north of Timmins, Ont.

Deepak Varshney, chief executive officer of Xander, commented: "We are excited to announce the option of the Timmins East portfolio, which builds on our existing land package in a very prospective part of Ontario. These new claims grow our flagship asset while also adding a new project adjacent to Canada Nickel Company's Mann deposit. With strong geological potential, significant magnetic anomalies, high-conductivity zones and elevated nickel levels, these new claims have the potential to unlock value through greenfield exploration."

There are three claim blocks that comprise the Timmins East portfolio.

Two claim blocks comprising 154 mineral claims totalling approximately 3,104 hectares are adjacent and nearby Xander's existing claims that comprise the Timmins project. The geological and lithological settings of the existing Xander claims, along with the western blocks of the recently optioned claims, are very similar to that of the nearby Canada Nickel Company's (CNC) Reid nickel deposit, 1.5 kilometres away from the Xander Resources claims' eastern border, in which the near-surface expression of the Reid ultramafic complex of Wawa-Abitibi terrane of the Archean Superior province is hosted by the Blake River assemblage. The Blake River assemblage is dominated by mafic to intermediate volcanic rocks and is the target host lithology to VMS (volcanogenic massive sulphide) deposits such as Glencore's Kidd Creek.

Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the company's properties. The correlation of the claims' geology and lithology with that of the Crawford nickel deposit (16 kilometres west of claims), in which the underlain mafic, intermediate and felsic metavolcanics strike between east-west and west-northwest-east-southeast, a number of interflow sedimentary units are present, including graphitic and sulphidic sediments, and a number of faults trend in either the north-northeast-south-southwest or east-northeast-west-southwest directions, is further evidence of the potential for targeting the same mineralization within Xander's existing claims, along with the newly optioned claims.

The third claim block, the Mann block, which is nearby CNC's Mann deposit, comprises 179 claims totalling approximately 3,799 hectares. The geological and lithological settings are more associated with the Mann intrusive complex, which is one of several large, mafic-ultramafic complexes located in the southwestern part of the Abitibi greenstone belt, a mafic-ultramafic intrusion within the Wawa-Abitibi terrane. This complex is host to the Mann nickel deposit, 2.5 kilometres away from the claim southern border, which is one of the most significant nickel/cobalt/chromium/platinum group element deposits in the region.

Considering all the mentioned geological and lithological features as well as geophysical magnetic and conductive anomalies associated with the claims, the company believes there is a potential for targeting similar mineralization as the Reid, Crawford and Mann nickel deposits.

The company's plan over the coming months is to build on the work at its existing claims through further geophysical mapping and interpretation, sampling, and other techniques and simultaneously begin exploration at its newly optioned claims, with the goal of launching a comprehensive drill program at its Timmins project. Pursuant to the option agreement, the company may acquire a 100-per-cent interest in the property by issuing to the vendors an aggregate of 1.7 million common shares in the capital of the company as indicated in the table below.

The company has granted a 2-per-cent net smelter return royalty to the vendor.

The transaction contemplated, including the issuance of the shares, is 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 exchange policies.

Qualified person

The technical content of this news release has been reviewed and approved by Babak Vakili Azar, PGeo, an independent contractor and a qualified person as defined by National Instrument 43-101.

About Xander Resources Inc.

Xander Resources is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties with high upside and expansion potential.

We seek Safe Harbor.