Xali Gold Updates after Filing Annual Financial Statements

Company Updates - Xali Gold Corp. filed its audited annual financial statements for the financial year ended March 31, 2025, on August 16, 2025, in compliance with Canadian securities laws [1] - The TSX Venture Exchange is conducting a Listing Review of Xali Gold following a trading halt, and the company is working to resume trading as soon as possible [2] - The company is focused on securing an advanced exploration stage project in South America, particularly in Peru, due to the current price of gold and its experienced partners [3] El Oro Concessions - The Mexican Mining Bureau cancelled two mining concessions related to the El Oro property, which accounted for 76.28% of the fees owed for the total property, leading the company to write off $2,260,108 in outstanding mining fees [4] - An additional seven El Oro concessions were also cancelled without notice, which the company believes to be unlawful, and it is seeking legal advice for potential recourse [5] - The El Oro property has a historical production of approximately 6.4 million ounces of gold and 74 million ounces of silver from mining at an average depth of 200 meters [8] Agreements and Future Plans - Xali Gold has entered into agreements with third parties to produce gold and silver from specific shallow areas of the El Oro Project, which are expected to generate cash flow and facilitate underground drilling access [9] - The company is reviewing high-sulphidation gold targets in Peru, similar to known deposits like Yanacocha and Pierina, as part of its exploration strategy [11] - The Tailings Project in El Oro contains an inferred resource of 1,267,400 tonnes grading 2.94 g/t gold and 75.12 g/t silver, amounting to approximately 119,900 ounces of gold and 3,061,200 ounces of silver [15]