Xander Resources Inc. announced the drill results from its maiden drill program at its Timmins Nickel Project (the Property) located in Timmins, Ontario. The drill results are headlined by a potential 161-metre mineralized zone with 30 metres grading 0.14% Ni and multiple intervals of 0.18% over 3 metres in drill hole NKV23-05 from 177 to 204 metres within a 202- metre ultramafic unit beginning at 50.4 metres, and a potential 43.5 metre mineralized zone with intervals of 0.14% over 3 metres, 0.21% over 2.7 metres, and 0.19% over 4.5 metres were identified within at least 77 metres of ultramafic (gabbro/peridotite) beginning at 178 metres. Mineralization in both holes appears to extend over the entire interval and is open at depth.

Further sampling will be completed confirm the mineralized length within each drill hole. Both drill holes were located within drill targets at the Company's "South Block" of claims that are located adjacent to Canada Nickel Company's (CNC) Macdiarmid Discovery where in May 2021, Canada Nickel announced a secondary discovery in a geophysical target approximately 1.8 kilometres long indicating a structural footprint averaging 400 metres in width ­ 15% larger than Canada Nickel's original Crawford's Main Zone discoveryi. The footprint of the conductor tested by NKV23-05 is approximately 400 metres by 300 metres, making Xander's discovery comparable both in grade and size.

Drilling Summary: In total, 3,730 metres were drilled across the two phases of the maiden drill program. The program was designed to test targets with potential for significant nickel mineralization comparable to Canada Nickel Company's Crawford, MacDiarmid, and Reid Discoveries, located in Timmins, Ontario. Eight drill holes, NKV22-01 to 06 and NKV23-01 to 03, were advanced within the "North Block" of claims, located adjacent to CNC's Reid Discovery and to the west on trend with CNC's Crawford Discovery.

Three, drill holes NKV23-04 to 06, were advanced within the "South Block" of claims, located adjacent to CNC's Macdiarmid Discovery. NKV22-05, located to the west of CNC's Reid Discovery, returned 11.5 metres of 0.15% Ni from a depth of 244 to 255.5 metres. NKV23-04, located to the east of CNC's Macdiarmid Discovery, returned intervals of 0.14% over 3 metres, 0.21% over 2.7 metres, and 0.19% over 4.5 metres within at least 77 metres of ultramafic (gabbro/peridotite) beginning at 178 metres.

Infill sampling is required to determine the exact grade, but visually the mineralization appears consistent with grades ranging from 0.14% - 0.22% in the 7 samples taken suggesting that a potential 43.5-metre mineralized zone is present. NKV23-05, located to the east of CNC's Macdiarmid Discovery, returned multiple intervals of 0.18% over 3 metres and an interval of 0.14% over 30 metres within at least 202 metres of ultramafic (gabbro/peridotite) beginning at 50.4 metres. Infill sampling is required to determine the exact grade of this interval, but visually the mineralization appears consistent with grades ranging from 0.09% - 0.19% in the 48 samples taken suggesting that a potential 161-metre mineralized zone is present.

NKV22-01 to 04 and 06 and NKV23-06 did not return notable intercepts; these targets were identified based on electromagnetic and magnetic anomalies that largely occurred due to the presence of graphite. Both NKV23-04 and NKV23-05 terminated in ultramafics indicating they are open at depth. Based on the drilling observed, the Company believes that the ultramafic unit present in NKV23-04 extends on to CNC's recently purchased claims to the south based on the proximity of the drill hole to the claim boundary.

Based on the findings of its maiden program, the Company intends on completing a follow-up program that builds on its success at NKV23-04 and NKV23-05 while utilizing the information obtained from the other drill holes to also explore the numerous untested targets present across its approximately 72 km of claims, particularly those on its most recent acquisition, the "West Claim" block, where it has already outlined 6 targets immediately ready for drill-testing.