Xali Gold Announces Non-Brokered Financing

• Xali Gold Corp. announced a non-brokered private placement to raise approximately C$1,000,000 in gross proceeds.
• The transaction involves issuing 4,000,000 common shares at C$0.25 per share.
• No warrants are attached to this placement, and shares carry a mandatory 4-month and 1-day hold period.
• Proceeds will be allocated ~75% toward continued exploration and development of the Pico Machay Gold Project in Peru (resource estimation, permitting, technical studies) and ~25% to working capital and general corporate purposes.
• Expected closing is on or around June 17, 2026, pending TSX Venture Exchange approval.
• This follows a series of incremental project advancement steps completed over the past quarter, including community authorization, baseline environmental studies, and underground/surface rock-chip sampling.

• The financing is a routine, expected follow-up to the December 2025 C$1.5M placement that funded the initial Pico Machay acquisition and early field work.
• It directly funds the next critical path items: securing the Ficha Técnica Ambiental (FTA) drilling permit (targeted for late June 2026 per prior announcements) and advancing the Preliminary Economic Assessment (PEA).
• The absence of warrants reduces immediate dilution pressure and potential overhang, which is a minor positive for existing shareholders.
• The C$0.25 issue price aligns with recent trading levels, indicating fair market pricing without significant discounting.
• Overall, the news is incremental and execution-focused. It does not introduce new strategic shifts, unexpected upside, or material valuation changes. It simply provides the necessary runway to de-risk the project through drilling and permitting.

• Xali Gold Corp. is a junior exploration and development company focused on advancing the Pico Machay Gold Project in the Southern Peru Epithermal Gold-Silver Belt.
• Flagship Project: Pico Machay is an advanced exploration-stage project with a historical resource of ~264,600 oz Measured & Indicated and ~446,000 oz Inferred Au. Prior engineering studies by Aquiline Resources targeted a low-cost, open-pit heap-leach operation based on a $700/oz gold price.
• Development Path: The company is systematically de-risking the asset through 3D geological modeling, historic drill cuttings relogging, surface/underground sampling, environmental baseline studies, and community engagement. The goal is to convert the historical resource into a NI 43-101 compliant estimate and advance a PEA toward near-term production.
• Additional Assets: Xali holds royalty interests in the El Oro tailings project in Mexico, which was recently transferred to Kappes, Cassiday & Associates (KCA) in exchange for a 3-4% NSR royalty.