Xanadu Mines Ltd. announced an internal restructure of its Board and leadership teams as the Company progresses its Kharmagtai project into the development phase. Non-Executive Chairman Colin Moorhead will become Executive Chairman and Managing Director. Chief Executive Officer (CEO) Andrew Stewart will stand down from the board and transition into a newly created role of Vice President (VP) Exploration, leading Xanadu's continuing exploration for new deposits at both Red Mountain and Kharmagtai.

Chief Financial Officer (CFO) Spencer Cole will assume additional duties, with an expanded title of Chief Development Officer and CFO. Changes will take effect from 31 March 2022.