Xander Resources Inc. announced it has completed the 2023 geological mapping and soil sampling program at the Company's Senneville Project (the "Project), located in the eastern part of the Abitibi Greenstone Belt, about 25 km northeast of the gold mining centre of Val-d'Or, Quebec. The Company's Senneville Project covers over 100 km2 and is contiguous in the South to Probe Metals' Novador Project, host to the 2.04 Moz Monique Resource grading 1.42 g/t Au, and in the north to Monarch Mining's Beaufor Mine, which has produced over 1.1 Moz Au. The work focused on the claims nearby and adjacent to the McKenzie Break project, owned and operated by Monarch Mining Corp., which has produced over 1. 1 million ounces of gold and has a 2021 resource estimate with open-pit and underground indicated resources of 145,982 ounces and inferred resource of 250,593 ounces gold.

In total, 34 samples were collected for assay by a two (2) person prospecting crew covering an approximately 20 km2 area, and a 651 mobile metal ion geochemical samples were collected by a six (6) person soil sampling crew at a 50 metre sample spacing on 100 metre spaced lines over a strike of 2 kilometres. These field samples, along with quality assurance samples (the Company's QA/QC measurements included the insertion of standards, blanks, and duplicates at regular intervals in the sampling run), were submitted to AGAT Laboratories and SGS Canada Inc., respectively, for geochemical analyses. The data will be integrated with the historic geological mapping results and compiled data from previous exploration to assist in 3D geological modelling and the delineation of potential drill targets.

Fenelon Project Update. The Company further announces that it has elected to drop the claims comprising the Blue Ribbon Property in the Fenelon Gold Camp. The claims were allowed to expire and not renewed following a comprehensive review of the project's potential, upside exploration expansion potential and alignment with the company's strategic objectives.

Moving forward, the company will prioritize its efforts on the Senneville Gold Project and the Timmins Nickel Project. The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").