Xander Resources Arranges Shares for Debt Transactions

Xander Resources Arranges Shares for Debt Transactions

Vancouver, British Columbia / March 16, 2023 – Xand er Resources Inc. (“Xander” or the

“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI), a North American mineral acquisition and

exploration company focused on the development of d rill-ready battery and precious metal projects, is

pleased to announce that it has entered into agreements to settle $77,357 of indebtedness by the issuance of

2,210,198 common shares of the Company at $0.035 pe r share. The outstanding debt was owed to two

former officers and/or directors of the Company as part of their severance packages. The settlements a re

subject to acceptance of the TSX Venture Exchange. All shares to be issued pursuant to the settlements will

be subject to the applicable statutory, exchange an d regulatory hold period of four months and any oth er

required resale restrictions. The shares to be issu ed have not and will not be registered under the U. S.

Securities Act of 1933, as amended, or any state securities laws.

About Xander Resources Inc.

Xander Resources Inc. is a Canadian mineral acquisi tion and exploration company based in Vancouver,

BC, Canada focused on developing accretive gold and battery metal 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 mi neral deposits 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) projects, 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, p lus its newly 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.