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

VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it has completed more than 50% of the initial underground and surface rock chip sampling program (the “Program”) on its Pico Machay Gold Project (“Pico Machay” or the “Project”) in central Peru, with 125 initial samples now collected and submitted to the laboratory for geochemical and assay analyses. “The underground sampling was conducted in the walls of two crosscuts through the centre of the resource, which allows continuous sampling similar to what a horizontal drill hole would allow,” stated Joanne Freeze, President and CEO of Xali Gold.