NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Xander Announces Issuance of Shares

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES

NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Xander Announces Issuance of Shares

Vancouver, British Columbia / May 3 , 2021 - Xander Resources Inc. (TSXV: XND) (FSE: 1XI)

(OTCQB: XNDRF) (“Xander” or the “Company”) announces that it has issued 467,000 common shares

(the “Shares”) at a price of $0.20 per Share to Silverwater Capital Corp. (“Silverwater Capital”) pursuant

to the option to purchase letter agreement (the “ Agreement”) dated January 8, 2021 with respect to 35

mineral claims located in Waswanipi, Quebec (known as the “Bachelor North Property”).

Pursuant to the Agreement, Silverwater Capital granted the Company an exclusive option to purchase a

100% interest in the Bachelor North Property in exchange for a combination of Shares and cash. The first

issuance of 100,000 Shares to Silverwater Capital was completed on February 4, 2021. The issuance of the

467,000 Shares represents the second payment to Silverwater Capital, which Shares are subject to a four

month hold period pursuant to securities laws in Canada.

About Xander Resources:

Xander Resources is a junior exploration company focused on developing accretive gold properties within

Canada. The Company currently has a focus on proje cts located in three gold camps on the Abitibi

Greenstone Belt within the Province of Quebec.

ON BEHALF OF THE BOARD OF DIRECTORS

James Hirst, CEO

Tel: (778) 998-9257

Email:[email protected]

Website: www.xanderresources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, 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 absent U.S. registration or an applicable exemption from the U.S. registration

requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy an y

securities. Any public offering of securities in the United States must be made by means of a prospectus containing

detailed information about the company and management, as well as financial statements.