Ms. Joanne Freeze reports

XALI GOLD STRENGTHENS TECHNICAL TEAM AT PICO MACHAY

Xali Gold Corp. has appointed Wilder Frank Garcia Haro, Ing, as exploration manager, effective immediately. Mr. Garcia is a bilingual geological engineer with more than 30 years of international exploration and mine development experience, having held senior technical and management positions with several leading mining companies, including Rio Alto, Tahoe Resources, Newmont, Barrick Gold, Gold Fields and Antamina.

"I had the pleasure of working with Wilder early in his career when he assisted Candente Resource Corp. in both gold and copper exploration," said Joanne Freeze, president and chief executive officer of Xali Gold. "What makes Wilder especially valuable to Xali Gold now is the depth of experience he gained since then, in roles involving exploration to production and during operations at two deposits/mines in Peru, similar in style to Pico Machay. From 2012 to 2019, Wilder held senior leadership roles at both the La Arena and Shahuindo mines, where he was involved in exploration, resource expansion and mine geology. That experience will be invaluable as we advance the project through an updated mineral resource estimate, updated preliminary economic assessment and into development."

As the company aligns its technical team to support the next phase of work, Enrique Bernuy, Ing, will transition to the role of consulting geologist. Mr. Bernuy played a key role in advancing Pico Machay during Xali Gold's evaluation, negotiation and acquisition of the project and he will continue to provide critical geological expertise as the project progresses. Oswaldo Ramos, Ing, who also joined the company during the evaluation and acquisition period of Pico Machay, will be second in command to Mr. Garcia as project geologist.

Mr. Garcia has managed exploration drilling, mineral resource replacement and reserve expansion strategies as well as co-ordinated multidisciplinary teams supporting mine development and operational continuity. His expertise includes precious metal deposits, particularly high- and low-sulphidation epithermal systems, vein-hosted deposits, and disseminated gold mineralization, as well as strategic exploration planning, project evaluation and technical team leadership. Mr. Garcia's experience spans greenfield target generation, brownfield exploration, resource expansion, mine geology and strategic project evaluation across Peru, Colombia, Bolivia, Chile, Argentina and Nicaragua. During his tenure at Tahoe Resources' (formerly Rio Alto Mining) La Arena and Shahuindo operations, he successfully led exploration programs that consistently replaced mineral resources and extended mine life while supporting long-term mine planning and operational optimization across high-sulphidation gold systems transitioning into underlying porphyry copper-gold mineralization.

Investor relations clarification

Xali Gold also provides clarification to the company's earlier announcement dated May 5, 2026, regarding GRA Enterprises LLC (doing business as National Inflation Association (NIA)) to provide investor relations services for the company.

NIA is a United States-based (Mooresville, N.C.) private corporation controlled by Gerard Adams, who, as principal consultant, provides investor relations services for both U.S.-based and Canadian-based public companies. Neither NIA nor Mr. Adams has any interest, directly or indirectly, in the issuer or its securities, or any right or intent to acquire such an interest in the company. NIA is at arm's length from Xali Gold and has no other relationship with the company, except those services that are pursuant to the services agreement.

The services will be provided for an initial period of six months, with the option to renew for additional terms of three, six or 12 months. In consideration of the provision of the services, the company shall pay the consultant a total fee of $75,000 (U.S.) for a six-month term, payable in three instalments as follows: $30,000 (U.S.) (upon signing), $30,000 (U.S.) due on July 15, 2026, and $15,000 (U.S.) due on Aug. 15, 2026.

The payments will be made from general working capital. The company shall have three options to renew this agreement for an additional term of three months (amounting to $50,000 (U.S.)) or a renewal of six months (amounting $75,000 (U.S.)) or a renewal of one year (amounting $120,000 (U.S.)).

The services to be provided include: (a) distribution and exposure of the company's activities through NIA's e-mail distribution lists, website and blog posts; (b) e-mail alerts and reports about the company and its shareholdings; (c) distributing any interviews, videos and news; (d) distributing technical updates on the chart and breakouts; (e) building anticipation of the company's catalysts; and (f) providing other such marketing services as may be reasonably requested by the company.

The retention of NIA to provide the services is subject to regulatory approval by the TSX Venture Exchange.

About Xali Gold Corp.

Xali Gold is a gold and silver exploration company focused on advancing opportunities in the Americas. The company is focused on the exploration and development of Pico Machay, an advanced exploration-stage gold project in Peru with a near-term production goal. Xali Gold maintains some exploration potential as well as two royalty agreements with third parties who have the rights to produce gold and silver from specific areas of the El Oro gold-silver project in Mexico, a historic district-scale precious metal system with a long history of significant gold and silver production.

The company's approach to community engagement and responsible development is guided by strong governance principles and board oversight that support long-term stakeholder relationships.

Joanne C. Freeze, PGeo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents of this release.

We seek Safe Harbor.