Xander Resources Announces AGM Results, Appointment of New Director and Adoption of New Omnibus Incentive Plan

Xander Resources Announces AGM Results, Appointment of New Director

and Adoption of New Omnibus Incentive Plan

Vancouver, British Columbia / June 19, 2023 – Xander Resources Inc. (“Xander” or the “Company”)

(TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce the results of its annual general

and special meeting (the “Meeting”) held on June 16, 2023. All r esolutions presented to the shareholders

were approved, as a result:

 Dale Matheson Carr-Hilton Labonte LLC, Chartered Professional Accountants were re-appointed as

auditors of the Company;

 The number of directors was set at four (4) with the following nominees elected as directors: Deepak

Varshney, Richard Paolone, James Walker and Adrian Smith; and

 The new omnibus incentive plan (the “Plan”), which consists of a 10% rolling stock option plan and

10% fixed restricted share unit plan was approved by the disinterested shareholders of the Company.

The Plan remains subject to the final approval of the TSX Venture Exchange.

Richard Paolone is a Toronto-based securities lawyer whose focu s includes an emphasis on natural

resources and diversified industries. Mr. Paolone is the princi pal lawyer of Paolone Law Professional

Corporation. In his private practice, he has developed experience with respect to public companies, capital

markets, mergers and acquisitions, and other facets fundamental to the natural resource sector. Mr. Paolone

currently serves as a board member of Critical Infrastructure Technologies Inc (CSE: CTTT), SBD Capital

Corp (CSE: SBD), and previously was a board member and CEO of R ed Pine Petroleum Ltd. (TSXV:

RPN).

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.