Xander Resources Inc. announced that it has initiated the second phase of its fully financed drill program at its Timmins Nickel Project (the Property) located in Timmins, Ontario. The drill program will comprise a minimum of 1,500 metres across six (6) drill holes and will continue Xander's strategy of targeting geophysical anomalies on its claims that are on trend and/or adjacent to properties where Canada Nickel Company (CNC) has identified significant nickel mineralization: · Three (3) drill holes, NKV23-A, NKV23-B, and NKV23-C, will be drilled in the northern part of the Company's North Block of claims along trend with CNC's Mahaffy and Nesbitt properties. Both properties have been drilled by CNC, with the first two drill holes at Nesbitt returning significant intersections of mineralization with intervals of visible disseminated sulphides consistent with the Higher Grade Zone at CNC's Crawford Project where a preliminary economic assessment indicates a 25-year mine with an after-tax NPV (net present value) with 8-per-cent discount rate of $1.2-billion (e (3) drill holes, NKV23-D, NKV23-E, and NKV23-F, will be drilled in the in the Company's South Block of claims that are adjacent to CNC's MacDiarmid Project where CNC announced its second major discovery in the Timmins Camp with a target that is approximately 15% larger than Canada Nickel's original Crawford's Main Zone discovery.

The Company is also pleased to report that it is actively reviewing opportunities to acquire or develop projects in the lithium industry with a specific focus on projects in Ontario and Quebec. These acquisitions would be in addition to the claims located on the western part of its Senneville project which are at the fringe of the La Corne Batholith 30 kilometres north of Val-d'Or, Quebec that are in proximity to the North American Lithium Deposit with proven and probable reserves of 17.06 Mt grading 0.94% Li2O and measured and indicated resources of 33.24 Mt grading 1.19% Li2O. The Company is in the advanced stages of negotiations for specific projects in proximity to the prolific CV Lithium Trend and Patriot Battery Metals' (PMET's) Corvette lithium discovery in the James Bay District of Quebec and will provide further updates as negotiations progress.