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XPLR.V ·

Xplore Resources Announces Passing of Director David Walters

Management Changes

Xplore Resources Announces Passing of

Director David Walters

Toronto, Ontario--(Newsfile Corp. - July 25, 2023) -

Xplore Resources Corp

.

(TSXV: XPLR)

(

"Xplore

or "the Company"

). The Board and Management of Xplore Resources regrettably announces the

passing of Director David Walters, a Director since April, 2023.

Wes Hanson, Chair of Xplore, stated,

"On behalf of the Board, I wish to extend our sincere

condolences to David's family and friends. In his brief time as a Director of Xplore, David provided

invaluable insight and sage advice. His loss will be felt by many, especially his beloved family and

our thoughts are with them as they mourn David's sudden passing."

About Xplore Resources (TSXV: XPLR)

Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange

under symbol XPLR and is focused on the acquisition and exploration of grass roots lithium properties in

Canada and Brazil. The Company is led by a highly experienced management team comprised of

industry experts with executive and senior management experience in geology, banking, private equity,

investor relations and law.

Lithium Properties

The Company is earning a 100% interest in the Surge (~3400 ha) and Perrigo Lake (~3300 ha) lithium

properties, both situated in northwester ON, approximately 100 kms north of Sioux Lookout ON. The

Surge property lies along the regional scale Pakwash-Lake St. Joseph Fault, approximately 2.0 kms

east of the Root Bay lithium discovery. The Perrigo property is located west of the Allison Lake batholith

considered to be "the largest fertile peraluminous granite mass in northwestern Ontario."

The Company, through it's wholly owned Brazilian subsidiary, holds a 100% interest in the Energia

(~4500 ha) and Borborema (~9100 ha) lithium properties in Brazil. The Energia claims are situated in

the state of Minas Gerais, the center of Brazil's rapidly evolving lithium production. The Borborema

claims are situated in the state of Rio Grade de Norte in northeastern Brazil, in a Borborema pegmatite

field, a historically significant producer of tantalum prior to 1980.

Qualified Person

Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Province of Ontario is the

"Qualified Person" under

National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI

43-101")

and is responsible for the technical contents of this news release and has approved the

disclosure of the technical information contained herein.

ON BEHALF OF THE BOARD

"Wesley C. Hanson"

Chair of the Board

For further information, please contact:

Phone: +1 647-362-9675

Email:

[email protected]

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

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/174878