Xali Gold Completes Drilling Permit Application for Pico Machay Gold Project

• Xali Gold completed its environmental permit application for resource confirmation and exploration drilling at Pico Machay in Huancavelica, Peru.
• Submission to Peru's Ministry of Energy and Mines is expected October 21 or 22, 2026, pending workshop attendance documentation.
• Initial diamond drilling would total approximately 3,000 meters, including approximately 2,000 meters to twin historical reverse-circulation holes.
• The permit would allow up to 20,000 meters of drilling from 20 platforms for resource definition and exploration.
• Drilling will support an updated mineral resource estimate, followed by a preliminary economic assessment evaluating development options and project economics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xali Gold Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610210700PRIMZONEFULLFEED9850164) on October 21, 2026, and is solely responsible for the information contained therein.