Xanadu Mines Ltd. updated the market on its on-going exploration program for porphyry copper and gold deposits at the Kharmagtai District in the South Gobi region of Mongolia. High-grade intercept from drill hole KHDDH573 at Stockwork Hill extends gold-rich bornite zone by 40 metres up-dip and 40 metres down-dip returning: 240m @ 1.36% eCu from 474m; including 130m @ 1.75% eCu; including 26m @ 2.22% eCu. Step-out drill holes demonstrate potential to grow the gold-rich bornite zone, with copper and gold grades that materially exceed those estimated in the 2018 Mineral Resource Estimate 3 active diamond drill rigs are targeting extensions of the higher-grade bornite core at Stockwork Hill. Xanadu is currently targeting an updated Mineral Resource Estimate for Kharmagtai in fourth quarter 2021.