CCMC.V · 2020-08-26 12:00:00

Xander Resources Announces Closing of Non-Brokered Private Placement

Financings

XANDER RESOURCES INC.

Vancouver, British Columbia / August 26, 2020 - Xander Resources Inc. (TSXV: XND) (FSE: 1XI)

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

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

of 784,000 units (the “Units”) at $0.225 per Unit for total gross proceeds of $176,400.

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

warrant (a “Warrant”) with each Warrant exercisable for two (2) years from the date of closing at an

exercise price of $0.26 per Warrant.

The Company paid finders fees of $ 630 and 2,800 finder’s warrants (the “ Finder’s Warrants”) to PI

Financial Corp. The Finder’s Warrants are exercisable under the same terms as the Private Placement

warrants.

All securities issued in connection with the Private Placement will be subject to a 4-month hold period 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 20,000 Units through his company, 1282803 Ontario

Inc. As a result, the Private Placement is a related 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 Listed on Specified Markets and 5.7(a) fair market value

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

Progress continues to advance the Fenelon Blue Ribbon Property close to Wallbridge Mining (WM) and

Great Thunder Gold (GTG). In Val d' Or on the Senneville properties that comprise of over 90 square km's,

the Company’s geologist team has been on the ground following up geophysical Magnetic anomalies for

the last two weeks, which is contiguous to Monarch Gold (MQR).

About the Company

The Company is a junior exploration firm focused on developing accretive Gold properties within Canada.

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

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.