Xander Resources Options Senneville Gold Copper Project
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
Xander Resources Options Senneville Gold Copper Project
Vancouver, British Columbia / May 21st, 2024 – Xander Resources Inc. (“XND” or the “Company”)
(TSXV: XND), a North American mineral acquisition and exploration company focused on the
development of drill-ready battery and precious metal projects, is pleased to announce that, subject to the
approval of the TSX Venture (the “ Exchange”), the Company has executed an option (the “ Option
Agreement”) with Troubadour Resources Inc. (“Troubadour” or the “Optionor”) for the right to purchase
an undivided 100% interest in 173 mineral claims comprising Xander’s Senneville Project (the “Project),
located in the eastern part of the Abitibi Greenstone Belt, about 25 km northeast of the gold mining center
of Val-d’Or, Quebec.
Pursuant to the Option Agreement (the “Agreement”), Troubadour may acquire a 100% interest in the
Project by issuing an aggregate of 5,000,000 common shares in the capital of the Troubadour and complete
$2,000,000 in work expenditures as indicated in the table below:
Payment Date Shares Work Commitment
Signing 2,500,000 -
6 months 2,500,000
12 months - -
24 months - $2,000,000
Notes 1. Payable within five (5) 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.
The Project has the following net-smelter returns royalt ies (the “NSR”) which will be assumed by the
Troubadour:
• 2% NSR to North American Exploration Ltd. for 72 claims
• 2% NSR to Silverwater Capital Corp. for 62 claims
• 2% NSR to Terrance Coyle / 9093-6725 Quebec Inc. for 39 claims
The Option Agreement, including the issuance of Shares, remains subject to the approval of the Exchange.
About Xander Resources Inc.
Xander Resources Inc. is a North American mineral acquisition and exploration company focused on the
development of quality battery and precious metal properties that are drill -ready with high -upside and
expansion potential. Based in Vancouver, BC, Xander trades on the TSX Venture Exchange under the
symbol XND.
XANDER RESOURCES INC.
“Deepak V arshney”
CEO and Director
For more information, please email [email protected].
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.
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
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
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.
No Offer or Solicitation to Purchase Securities in the United States
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe
for securities in the United States. The securities referred to herein have not been and will not be registered
under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory
authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or
indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is
defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from
or in a transaction not subject to the registration requirements of the Securities Act.