Xali Gold Advances Pico Machay Gold Project with Underground and Surface Sampling Program

Xali Gold reports progress at its Pico Machay gold project, completing over 50% of an initial underground and surface rock-chip sampling program with 125 samples submitted for assay. The work aims to verify historical grades and support an updated, NI 43-101-compliant resource and a Preliminary Economic Assessment targeted for Q3 2026. If assays and data verification upgrade the historical resource, it could materially de-risk the project and enhance Xali Gold’s valuation prospects ahead of potential development and near-term production narratives — a positive development for investors seeking leveraged exposure to gold. Market-wide impact on gold prices is likely limited.