On May 3, 2022, Xander Resources Inc. closed the transaction The company issued 30,903,770 units for gross proceeds of CAD 2,163,263.87, and 6,500,000 charitable and national flow-through units for gross proceeds of CAD 520,000, for aggregate proceeds of CAD 2,683,263.8. The round was oversubscribed. In connection with the Private Placement, the Company paid finder's fees of CAD 1,396.50 cash and 19,950 non-transferable finder's warrants are paid to Research Capital Corporation; CAD 17,499.65 cash and 249,995 Finder's Warrants are paid to GloRes Securities Inc. All securities issued in the Private Placement are subject to the Exchange hold period plus a hold period of four months and one day expiring on August 30, 2022. The transaction included participation from James H. Hirst, a director of the Company purchased 100,000 Units and Dwayne Yaretz, Corporate Secretary and a director of the Company purchased 150,000 Units in the Private Placement.

TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 30 placees and Insiders James Hirst, for 100,000 shares, Dwayne Yaretz,for 150,000 shares, Stan Bharti, for 6,250,000 shares, Aberdeen International Inc. for 7,142,857 shares and Sulliden Mining Capital Inc. for 7,142,857 shares and 1 investor pursuant to regulation D. The company has paid CAD 1,396.50 cash and 19,950 finder's warrants paid to Research Capital Corp.; CAD 17,499.65 cash and 249,995 finder's warrants paid to GloRes Securities Inc.. Each finder's warrant may be exercised into one share at an exercise price of 10 cents per share for a period of three years from the date of issuance.

Each broker's warrant may be exercised into a unit at seven cents per unit for a period of three years from the date of issuance. The securities were issued pursuant to regulation D.