Xander Resources Inc. announceD that pursuant to an Option Agreement dated January 8, 2021 the Company has agreed to acquire a 100% interest in the 35 mineral claims located in Waswanipi, Quebec known as the Bachelor North Property, from an arm's length vendor. The Company has an option to acquire the Bachelor North Property in exchange for $2,318.75 cash payable on or before Closing (as defined below); 100,000 common shares on or before Closing; 467,000 common shares on or before three months after Closing; 467,000 common shares on or before six months after Closing; 467,000 common shares on or before twelve months after Closing; and a 2% net smelter return royalty. Closing will occur on or before the seventh day following acceptance by the TSX Venture Exchange of notice of the transactions described herein and no later than January 30, 2021.