1844 Retains Independent Trading Group as a market maker

October 22, 2022

With the acquisition of these requirements, the Company Timmins North Quarter now consists of 336 claims not exclusive to Canadian Nickel Company’s (CNC) Crawford project, where CNC completed a preliminary economic assessment just 20 months after exploratory drilling began, indicating a 25-year after-tax mine NPV _8% with 1.2 billion dollars but also adjacent and along trend with CNC’s recently discovered Reid Discovery, which has already delineated a 90% mineralized trail from Crawford through early exploration.

The company’s plan in the coming months is to build on the geophysical work completed through further geophysical mapping and interpretation, sampling and other techniques to launch a comprehensive drilling program following the upcoming closer drilling program on the previous claims, which include the North Block.

Deepak Varshni CEO Xander, said: “We are delighted to be able to add these claims to our portfolio. Our aim is to establish a significant nickel footprint in the area and acquiring these claims, particularly in light of CNC’s recent large-scale discovery at its Reid property, will help us move forward successfully towards this goal.”

Transaction

Pursuant to the Agreement, the Company will provide the Suppliers with a 3% Net Smelter Payment and undertake the following obligations to the Suppliers or their successors in title to an undivided 100% ownership interest:

1. $50,000 cash to the Supplier on the date of the Agreement or as soon as possible thereafter;
2. 9,000,000 common shares of the Company (” Actions “), which will be issued by the Supplier at a conditional price 0.035 USD per share within five days after the approval of the transaction by the Exchange;
3. Even further $100,000 To the Supplier or his legal representatives no earlier than 6 months from the date of conclusion of the Agreement, in cash and/or shares, at the option of the Company, at the estimated value in accordance with the greater of the 10-day volume-weighted average price (” VWAP “) or the discount market;
4. Even further $100,000 To the Supplier or its successors not earlier than 12 months after the date of the Agreement, in cash and/or shares, at the option of the Company, at the estimated value according to the 10-day VWAP or the discounted market price, whichever is greater. ;
5. Even further $100,000 To the Supplier or its successors not later than 18 months after the date of the Agreement, in cash and/or shares, at the option of the Company, at estimated value according to the 10-day VWAP or the discounted market price, whichever is greater. ;
6. Even further $100,000 To the Supplier or its successors no later than 24 months after the date of the Agreement, in cash and/or shares, at the option of the Company, at the estimated value according to the 10-day VWAP or the discounted market price, whichever is greater. .

The company agreed to bear no less than $500,000 qualified exploration costs, including 1,500 meters of diamond drilling at the Property within two (2) years after the Closing Date, of which not less than $50,000 will be made within one (1) year after the Closing Date. To the maximum $400,000 exploration costs may be satisfied by payment in cash or shares at the Company’s option.

The acquisition and proposed transactions, including the issuance of Shares, are subject to final approval by the Exchange. Shares will be subject to applicable holding periods under securities laws Canada and Exchange policies.

Qualified person

The technical content of this press release was reviewed and approved by Mr. Andrew Timms P.Geo., a qualified person as defined by National Document 43-101 Disclosure Standards for Minerals (” NI 43-101 “).

Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC , Canada focused on developing gold build-up and metallic properties inside Canada . Currently, the company is focused on projects located in the provinces Ontario and Quebec.

Xander explores for commercially viable mineral deposits and is currently focused on deposits located in Val d’Or, Quebec including the Senneville Claim Group, which covers more than 100 square kilometers and is adjacent to the new Probe Metals discovery to the south, and is adjacent to Monarch Mining to the north, adjacent to the Eldorado Gold (formerly QMX Gold) projects, and to the east of the North American deposit lithium, Chubb’s Great Thunder Gold lithium property and the Authier lithium deposit in Quebec east of Saion, all in the Val d’Or mining camp, as well as its recently acquired nickel sulfide project in Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.

We are looking for a safe harbor

ON BEHALF OF THE BOARD OF DIRECTORS

Deepak Varshni P.Geo., President and CEO

For more information, please email ir@xanderresources.ca or visit www.xanderresources.ca .

Neither the TSX Venture Exchange nor its regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) is responsible for the adequacy or accuracy of this release.

Forward-looking statements:
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information reflects management’s current beliefs and is based on a number of estimates and/or assumptions, as well as information currently available to the Company, which, while believed to be reasonable, is subject to known and unknown risks, uncertainties and other factors that may cause , that actual results and future events will differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise nor a guarantee and is subject to known and unknown risks and uncertainties, including, but not limited to, general business, economic, competitive, political and social uncertainties, stock market uncertainties and volatility, and capital, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operational risks, accidents, labor problems, delays in obtaining government approvals and permits and other risks in the mining industry.

The company is currently in the exploration phase. Exploration is highly speculative, involves many risks, requires significant costs and may not lead to the discovery of profitable mineral deposits. In addition, the company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events may differ materially from those anticipated in such statements.