CCMC.V · 2020-07-27 12:00:00

Xander Resources Announces Closing of Non-Brokered Private Placement

Financings

XANDER RESOURCES INC.

Vancouver, British Columbia / July 27, 2020 - Xander Resources Inc. (TSXV: XND) (FSE: 1XI) (the

“Company”) is pleased to announce that, subject to the approva l of the TSX Venture Exchange (the

“ Exchange ”), it has closed its non-brokered private placemen t (the “ Private Placement ”) issuing a total

of 4,000,000 units (the “ Units ”) at $0.20 per Unit for total gross proceeds of $8 00,000.

Each Unit consists of one common share (a “ Share ”) and one non-transferable common share purchase

warrant (the “ Warrants ”) with each Warrant exercisable for one (1) year f rom the date of closing at an

exercise price of $0.25 per Warrant, provided that in the event that the closing price of the Company’ s

Shares on the Exchange (or such other exchange on w hich the Company’s Shares may become traded) is

$0.33 per Share or greater during any fifteen (15) consecutive trading day period at any time subsequent to

four months and one day after the closing date, the Warrants will expire at 4:00 p.m. (Vancouver time) on

the 30 th day after the date on which the Company provides notice of such accelerated expiry to the holders

of the Warrants.

The Company paid finders fees of $40,950 and 204,750 finder’s warrants (the “ Finder’s Warrants ”) to PI

Financial Corp., Mackie Research Capital Corporatio n and Canaccord Genuity Corp. The Finder’s

Warrants are exercisable under the same terms as the Private Placement warrants.

All securities issued in connection with the Privat e Placement will be subject to a 4-month hold perio d in

Canada. The Company will use the gross proceeds of the Private Placement for exploration of mineral

properties and for general working capital.

James Fairbairn, CFO of the Company, subscribed for 25,000 Units through his company, 1282803 Ontario

Inc. As a result, the Private Placement is a relat ed party transaction (as defined under Multilateral

Instrument 61-101 Protection of Minority Security H olders in Special Transactions (“ MI 61-101 ”)). The

Company relied upon section 5.5(b) Issuer Not Liste d on Specified Markets and 5.7(a) fair market value

not more than $2,500,000 (calculated in accordance with MI 61-101).

ON BEHALF OF THE BOARD OF DIRECTORS

Rodney Ireland, CEO

Tel: (226) 257-8994

Website: www.xanderresources.ca

Neither 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.