Xali Gold Implements Baseline Studies for Drilling Permit Application at Pico Machay Gold Project in Peru

VANCOUVER, British Columbia, May 05, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it has engaged GEADES, a leading Peruvian environmental and social consulting firm, to support the Company's environmental protection activities in Peru, including the completion of baseline studies required for the Ficha Técnica Ambiental Drilling Permit (“FTA”) on its Pico Machay Gold Project (“Pico Machay” or the “Project”). Field work will be conducted from May 5 to 11, and the FTA is expected to be submitted to the DGAAM (General Directorate of Mining Environmental Affairs) of MINEM (Ministry of Energy and Mines in Peru) in June 2026.