Xau Announces Update Regarding Annual Meeting of the Shareholders

XAU RESOURCES INC.

XAU ANNOUNCES UPDATE REGARDING ANNUAL MEETING OF THE SHAREHOLDERS

FOR IMMEDIATE RELEASE

TORONTO, ONTARIO – June 29, 2021 – XAU RESOURCES INC. (TSXV:GIG.P) (the

"Corporation") is pleased to announce that its shareholders approved all matters brought before them at

the Corporation’s annual general meeting of shareholders held today, including all matters related to the

changes to the TSX Venture Exchange Policy 2.4 – Capital Pool Companies that came into effect on January

1, 2021.

For further information please contact:

Gary Bay

Chief Executive Officer

Tel: 647-339-4301

Neither the 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.