In a strategic move set to unlock significant value, Xali Gold Corp. (XGC: TSXV) proudly announces its agreement to repurchase a 1.5% Net Smelter Return ("NSR") royalty tied to the Casua Property from Minera Silex Peru S.R.L., a subsidiary of Golden Minerals Company ("Golden Minerals"). With full ownership reinstated, Xali Gold is poised to harness the untapped potential of this Peruvian treasure trove.

Located in the province and department of Puno, southern Peru, the Casua Property boasts a rich, low-sulfidation vein system, primarily abundant in silver ("Ag") with notable lead ("Pb") and zinc ("Zn") mineralization. Historically, it has yielded impressive grades, including samples of 52.91 oz/t Ag, 4.62% Pb, and 0.12% Zn over 0.10 meters, and up to 31.24 oz/t Ag, 8.7-10% Pb, and 1.81% Zn from selected mine dumps.

The buyback terms include a cash payment of US$20,000, alongside the issuance of common shares to Golden Minerals. Furthermore, the potential issuance of additional shares is contingent upon successful drilling or the attainment of a Preliminary Economic Assessment (PEA) in accordance with National Instrument 43-101 Standards of Disclosure For Mineral Projects ("NI 43-101") on the Property.

Joanne Freeze, President and CEO of Xali Gold, expressed enthusiasm for this pivotal move, stating, "We are excited to be getting back to exploration in various countries while we continue to work on options to generate near-term cash flow from our Mexican assets."

Xali Gold is well-positioned to capitalize on the resurgence of the Casua Property and continues to explore avenues for creating value in its Mexican assets, emphasizing local partnerships and potential near-term cash flow. This includes the El Oro Project, a highly prized asset with a rich history of gold-silver production and promising discovery potential. Additionally, Sun River Gold ("SRG") advances the Mexican Mine Tailings Project at El Oro, providing financial progress.

The Company's dedication to responsible community engagement underscores its commitment to sustainable growth. With an experienced team and a portfolio of promising projects, Xali Gold is poised for a bright future in the mining sector.