Xander Resources Inc. announced a private placement of 1,714,285 non flow-through units at a price of CAD 0.035 per unit for aggregate gross proceeds CAD 60,000 on December 19, 2022. Each unit will consist of one common share and one transferable common share purchase warrant exercisable at CAD 0.07 per Share for a period of three years from the closing date of the Private Placement of units. Finder's fees may be payable on closing of the Private Placements to qualified parties in accordance with the policies of the TSX Venture Exchange.

All securities issued in the Private Placements are subject to the Exchange hold period, plus a hold period of four months and one day following the closing date of the Private Placements. The Private Placements are subject to approval of the Exchange.