Xander Resources Expands Project Portfolio with the Bear River Tungsten Project
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Xander Resources Expands Project Portfolio with the Bear River Tungsten Project
Vancouver, British Columbia / July 9, 2025 – Xander Resources Inc. (“XND” or the “Company”)
(TSXV: XND), a North American mineral acquisition and exploration company, is pleased to announce
that, subject to the approval of the TSX Venture (the “Exchange”), the Company has executed an option
(the “Option Agreement”) for the right to purchase an undivided 100% interest in the Bear River Tungsten
property (the “Property” or the “Project”) comprised of 3 6 mineral claims covering approximately 1,980
hectares in southeastern Quebec (Fig. 1).
Deepak Varshney, CEO of Xander, commented: “The Bear River claims are an exciting addition to our
growing portfolio of critical metal assets, and our review highlights the potential for new discoveries at this
project.”
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
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Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
www.xanderresources.ca
Fig.1: Xander Resources Claims in Riviere l’Ours (Bear River), Quebec
The Project is situated in southeastern part of Allochthon subdivisions of the Granville geological province
adjacent to Anticosti platform and Havre -Saint-Pierre complex, which is characterized by ancient, highly
metamorphosed rocks , and includes a mineraliz ed showing (Ech. CN -08-285) with tungsten (W)
concentrations in the form of Wolframite which could be associated to the quartz veining systems intruded
in the Wakeham group rocks.
The Company believes there is possible potential of tungsten mineralization associated with metamorphism
or with quartz veining systems within the Project based on the following:
• The lithological setting (Wakeham group) in which the mineralization is hosted, a n arenaceous
siliciclastic sequence accompanied by paragneiss, mudrock, conglomerate, carbonate rocks and
volcanic rocks in smaller proportions that are weakly to moderately metamorphosed;
• the other geological settings and groups within the Project claim boundaries such as the La
Galissonnière (granite, monzogranite, and quartz syenite) and Robe Noire (gabbro sills and dykes);
and
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• the evidence of metamorphism including a degree of recrystallization of the rock, the
transformation of some detrital minerals into metamorphic minerals in some areas, and the
deformation that has modified or obliterated the initial geometry of the deposits in some other areas;
and the presence of tungsten in the system (as it is presented in the Ech. CN-08-285 showing)
Pursuant to the Option Agreement, the Company may acquire a 100% interest in the Property by issuing to
the Vendor an aggregate of 1,000,000 common shares (“Shares”) in the capital of the Company as indicated
in the table below:
Payment Shares
Signing 500,0001,2
1st Anniversary 500,0002,3
Total 1,000,000
Notes 1. Payable within fifteen (15) days from receipt of approval to the Agreements from the
Exchange (the “Approval”).
2. Shares of the Company are to be issued at a deemed value based on the Discounted Market
Price at the time of issuance.
3. Payable on the first anniversary of receipt of Approval from the Exchange.
The Company has granted a 2% net-smelter returns royalty (the “NSR”) to the Vendor.
The transaction contemplated, including the issuance of the Shares, are subject to the final approval of the
Exchange. The Shares will be subject to the applicable hold periods in accordance with securities laws in
Canada and the Exchange policies.
Qualified person
The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo.
(EGBC#62313, OGQ#10876), an independent contractor and a qualified person as defined by National
Instrument 43-101.
About Xander Resources Inc.
Xander Resources Inc. is a North American mineral acquisition and exploration company focused on the
development of quality critical metal properties with high-upside and expansion potential.
XANDER RESOURCES INC.
For more information, please call 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 information" under applicable Canadian securities
legislation. Such forward -looking information reflects 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. Readers are cautioned that such forward -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, comp etitive, political and social uncertainties, uncertain and
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volatile equity and capital markets, lack of available 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 expenditures, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, t he 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 future events could differ materially from those anticipated in suc h
statements.