Xali Gold Private Placement Fully Subscribed

Executive Summary

• Xali Gold Corp. has fully subscribed its previously announced non-brokered private placement, raising C$1,000,000 in gross proceeds from two placees.
• The transaction results in the issuance of 4,000,000 common shares at C$0.25 per share, with no warrants attached and a mandatory 4-month and 1-day hold period.
• Proceeds will be primarily directed toward the exploration, development, and permitting of the Pico Machay Gold Project in Peru, with the remainder allocated to working capital and general corporate purposes.

Key Details

• Gross Proceeds: C$1,000,000
• Shares Issued: 4,000,000 common shares
• Price per Share: C$0.25
• Warrant Terms: None issued
• Hold Period: Mandatory 4 months and 1 day commencing on the closing date
• Regulatory Status: Received conditional acceptance from the TSX Venture Exchange (TSXV); subject to final acceptance
• Use of Proceeds: ~75% allocated to Pico Machay exploration/development, permitting activities, ongoing technical studies, and community initiatives; ~25% directed to working capital and general corporate purposes
• Finder's Fees: 6% paid to one finder in accordance with TSXV policies
• Placees: Fully subscribed by two placees
• Project Focus: Pico Machay Gold Project, an advanced exploration-stage asset in Peru's Southern Peru Epithermal Gold-Silver Belt with a near-term production goal