CCMC.V · 2021-01-11 12:00:00

Xander Increases Presence IN Abitibi Greenstone Belt Options Bachelor North Property

Mergers & Acquisitions Property Options & Staking

XANDER INCREASES PRESENCE IN ABITIBI GREENSTONE BELT

OPTIONS BACHELOR NORTH PROPERTY

January 11, 2021 - Xander Resources Inc. (TSXV: XND) (FSE:1XI) (OTCQB: XNDRF) ("Xander"

or the "Company") is pleased to announce that pursuant to an Option Agreement da ted January 8, 2021

the Company has agreed to acquire a 100% interest in the 35 min eral claims located in Waswanipi,

Quebec known as the Bachelor North Property, from an arm’s length vendor.

The Company has an option to acquire the Bachelor North Property in exchange for $2,318.75 cash

payable on or before Closing (as defined below); 100,000 common shares on or before Closing; 467,000

common shares on or before three months after Closing; 467,000 common shares on or before six months

after Closing; 467,000 common sh ares on or before twelve months after Closing; and a 2% net smelter

return royalty. Closing will occur on or before the seventh day following acceptance by the TSX Venture

Exchange of notice of the transactions described herein and no later than January 30, 2021.

James Hirst, CEO of the Company, comments, “Together with our F enelon and Senneville properties this

option positions Xander in its third discovery area in the Abit ibi Greenstone Belt. The Bachelor North

Property is contiguous to and north of Midland Exploration’s Lewis property, and to the southwest are

Soquem, Goldex and Bonterra. The property is located a little east of the Lamarck-Wedding

deformation corridor where several mining sites such as the Sho rtt Lake mine (2.7 Mt at 4.6 g/t Au), the

Bachelor mine (869,432 tonnes at 4.7 g/t Au), the Coniagas mine (718,465 tonnes at 10.77% Zinc) and

the Langlois mine (65 Kt Zinc concentrate, 2,1 Kt copper concen trate, 553 troy ounces Silver concentrate

and 1,9 K troy ounces Gold concen trate) have been exploited. Th e corridor includes rhyolites said to be

fertile with respect to VMS mineralization and a panoply of int rusions ranging from synvolcanic tonalites

to late alkaline intrusions (syenites, carbonatites, kimberlite s). The rocks covering the property are of

felsic to mafic compositions fa vourable to orogenic gold with g ranitic masses around the claims. A silver

showing of 8.6 g/t Ag was discovered in 1980 by drilling (80-LR C-1) in an H.E.M. conductor identified

by geophysics.”

About Xander Resources:

Xander Resources is a junior exploration company focused on dev eloping accretive Gold properties

within Canada. The Company currently has a focus on projects located within the Province of Quebec.

On behalf of the Board of Directors,

James Hirst, Chief Executive Officer

Tel: (778)998-9257

Website: https://xanderresources.ca/