Mr. Colin Moorhead reports

XANADU MINES LTD RESULTS OF EXTRAORDINARY GENERAL MEETING

As required by Australian Securities Exchange Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd.'s extraordinary general meeting held April 11, 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the general meeting.

In accordance with Listing Rule 3.13.2(f), Xanadu advises that Resolution 1 in the notice of meeting, being an approval sought under Listing Rule 10.1 to exercise a 25-per-cent put option in respect of Khuiten Metals Pte. Ltd., was not put to the meeting. The reasons for not putting the resolution were released to the market on April 7, 2025, in an announcement entitled "Update on Extraordinary General Meeting -- Extension of Zijin Put Option and Exclusivity Arrangements."

About Xanadu Mines Ltd.

Xanadu is an ASX and Toronto Stock Exchange listed exploration company operating in Mongolia. The company gives investors exposure to globally significant, large-scale copper-gold discoveries and low-cost inventory growth. Xanadu maintains a portfolio of exploration projects and remains one of the few junior explorers on the ASX or TSX who jointly control a globally significant copper-gold deposit in the company's flagship Kharmagtai project.