Xali Gold Closes Acquisition of Pico Machay Gold Project

VANCOUVER, British Columbia, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold" or the "Company") is very pleased to announce the closing on December 24th, 2025, of the acquisition of the Pico Machay Gold Project ("Pico Machay" or the "Project"), an advanced exploration stage project in Peru with a near-term production goal, as announced in the Company's October 24th, 2025 news release. Xali Gold acquired the company Minera Calipuy S.A.C. ("Calipuy"), which wholly owns Pico Machay, from Pan American Silver Corp. ("Pan American") and its subsidiary, Aquiline Resources Inc. ("Aquiline").
"With the acquisition of Pico Machay now closed, our full attention turns to advancing the asset and unlocking its value," said Joanne Freeze, President and CEO of Xali Gold. "Pico