Xander Resources 2022 Recap & Exploration Plan Update

Xander Resources 2022 Recap & Exploration Plan Update

Vancouver, British Columbia / July 27, 2022 – Xander Resources Inc. (“Xander” or the “Company”)

(TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to provide a recap of 2022 to-date and lay out

its exploration plans for the remainder of 2022 including its m aiden drill program for its Timmins Nickel

Project located near Timmins, Ontario.

HIGHLIGHTS

 Closing of oversubscribed non-brokered private placement for th e aggregate proceeds of

$2,683,263.87

 Completion of several exploration milestones at the Timmins Nickel Project as the Company moves

towards a minimum 2,500 metre drilling program

 Completion of a fixed wing gradient Mag-VLF survey that will be used to develop drilling targets

at the Senneville Gold Project

Deepak Varshney, Xander CEO, said, "So far in 2022 it has been a year of steady progress for Xander

despite the challenges of the rapidly changing geo- economic climate and the aftermath of the COVID-19

pandemic. In late 2021 we completed an accelerate d buyout of our Sennevillle properties in Quebec and

acquired the Timmins Nickel Project. The closing of our oversubscribed private placement has put us in a

position where a well funded treasury now lets us fo cus on exploration and we look forward to drilling

these two excellent projects in the coming months.”

Timmins Nickel Project

The Company has completed multiple site visits, obtained permit s, acquired relevant historic data from

third parties, and begun a 3D M agnetic Inversion Study (the “St udy”) using historical VTEM data as it

moves towards its upcoming drill program.

The Company has also retained EarthEx Geophysical Solutions Inc . to fly a UAV-borne magnetic survey

over specific targets. The superior spatial precision of the UA V-acquired data will assist in diamond drill

targeting by providing a higher resolution assessment of the depth to source, dip of the body and the overall

shape and size of the bodies. The UAV-assisted magnetic survey is being flown at 50 m line-spacing with

500 metre tie-lines. A total of 145 line-km will be flown.

Drilling will be completed following integration of the UAV-sur vey data into a refined final inversion

model. A minimum of 2,500 metres is anticipated to be drilled over two (2) months, with the finalized drill

hole list and plan completed in September following the completion of inversion works.

Senneville Gold Project

The Company has completed a 1,150 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer

and digital VLF-EM survey using Terraquest Ltd.'s Matrix Digital VLF-EM frequency system. The results

of the survey will be used to map new and refine known geological structures (faults and shear zones) that,

together with historical data, will be used by the Company for ground truthing and follow-up exploration

with the ultimate goal of developing high-value targets for drilling.

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo.,

a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral

Projects (“NI 43-101”).

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 commercia lly 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.

We seek Safe Harbor

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 may include "forward-looking in formation" under applicable Canadian securities

legislation. Such forward-looking information re flects management's current beliefs and are based on a

number of estimates and/or assumptions made by and information currently available to the Company that,

while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that

may cause the actual results and future events to differ materially from those expressed or implied by such

forward-looking information. Read ers are cautioned that such forwar d-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 availabl e capital, actual results of exploration activities,

environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays

in obtaining governmental approvals and permits, and other risks in the mining industry.

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.