NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Xander Resources Issuance of Shares Pursuant to Option Agreement
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 Resources Issuance of Shares Pursuant to Option Agreement
Vancouver, British Columbia / May 2, 2022 – Xander Resources Inc. (“Xander” or the “Company”)
(TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) announces that it has agreed to accelerate a portion of the
third payment owing to the Vendors with respect to the option a greement dated October 20, 2021, as
amended, for the Company’s Nickel Property.
The Company is proceeding with the issuance of 1,000,000 Shares at a deemed price of $0.08 which
represents the second payment and the issuance of 500,000 Share s at a deemed price of $0.08 which
represents a portion of the accelerated third payment to the Optionors.
Additionally, the Company has made cash payments to the Optionors totalling $75,000 for the second and
accelerated third payments.
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisition and exp loration company based in Vancouver,
BC, Canada focused on developing accretive gold and battery met al properties within Canada. The
company currently has a focus on projects located within the Provinces of Ontario and Quebec.
Xander is exploring for commercially exploitable mineral deposi ts and is currently focused on deposits
located in Val-d’Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and
is contiguous in the south to Probe Metals’ new discovery, and contiguous in the north to Monarch Mining,
in close proximity to Eldorado Gold’s (formerly QMX Gold) proje cts, and east of the North American
Lithium Deposit, Great Thunder Gold‘s Chubb Lithium property and East of the Sayona Quebec's Authier
Lithium Deposit, all in the Val-d’Or Mining Camp, plus its newl y acquired nickel-sulphide project in
Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please email [email protected], 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 includes "forward-looking information" under applicable Canadian securities legislation
including, but not limited to, the anticipated closin g of the Transaction and private placement. Such
forward-looking information reflects management's current beliefs and are based on a number of estimates
and assumptions made by and information currently av ailable to the Company that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which 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 me tals, operating risks, accidents, l abour issues, delays in obtaining
governmental approvals and permits, and other risks in the mining industry. There are no assurances that
the Company will successfully co mplete the Transaction and the private placement on the terms
contemplated or at all. All forward-looking information contained in this news release is qualified by these
cautionary statements and those in our continu ous disclosure filings available on SEDAR at
www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information.
The Company disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as required by law.
The Company is presently an exploration stage company . Exploration is highly speculative in nature,
involves many risks, requires substantial expenditu res, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermo re, 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 fu ture events could differ materially from those anticipated in such
statements.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and
may not be offered or sold withi n the United States or to, or f or the account or benefit of, U.S. persons (as such term is
defined in Regulation S under the U.S. Securities Act) or perso ns in the United States unle ss registered under the U.S.
Securities Act and any other applicable securities laws of the United States or an exemption from such registration
requirements is available.
This press release does not cons titute an offer to sell or a so licitation of an offer to buy any of these securities within an y
jurisdiction, including the United States. 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.