Xali Gold Corp. announces plans to advance Pico Machay Gold Project in Central Peru through a Share Purchase Agreement with Pan American Silver Corp. Historic Measured and Indicated Resource of 264,600 oz of gold and additional Historic Inferred Resource of 446,000 oz. Field work includes exploration targets, bulk sampling, and metallurgical testing. Plans to update resource estimate and move towards near-term production.

Xali Gold enters into Share Purchase Agreement to acquire Minera Calipuy S.A.C, owner of Pico Machay, from Pan American and Aquiline. Transaction valued at $17.5M with deferred payments over 5 years. Agreement subject to TSX-V approval. Technical data sourced from historical reports; future exploration required to upgrade resources. Forward-looking statements caution investors on potential risks and uncertainties.

Xali Gold provides details on historical resource estimates at Pico Machay and transaction terms with Pan American and Aquiline. Closing of SPA subject to TSX-V approval. Forward-looking statements address production potential, resource conversion, and project viability. Caution U.S. investors on differences between Canadian and U.S. reporting standards for mineral resources. Company emphasizes commitment to responsible community partnership.

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