The TSX Venture Exchange has accepted for filing documentation pertaining to a purchase agreement dated Aug. 7, 2025, between Xander Resources Inc. and two arm's-length vendors (collectively referred to as the optionor), whereby the optionor has granted the company an option to acquire a 100-per-cent interest in 332 mineral claims adjacent to and nearby its existing Timmins project. These claims are known as the Timmins East property.

Under the terms of the agreement, to exercise the option, the company will issue a total of 1.7 million common shares of the company to the optionor and is required to incur $200,000 in exploration expenditures within two years of the acceptance of the agreement by the exchange.

The shares will be issued in two payments:

• 850,000 shares within 15 days of the acceptance of the agreement by the exchange;
• 850,000 shares on or before the first anniversary of the acceptance of the agreement by the exchange.

Additionally, that the share issuance will not result in the optionor owning more than 10 per cent of the issued shares of the company. The shares will be withheld until they can be issued without exceeding this threshold.

The optionor will retain a 2-per-cent net smelter return (NSR) royalty on all mineral products sold from the property.

For further information, please refer to the company's news release dated Aug. 13, 2025.