Mr. James Longshore reports

XTRA-GOLD REPORTS YEAR-END 2024 AUDITED FINANCIALS AND CEO UPDATE

Xtra-Gold Resources Corp. has provided the following summary of the year-end audited financials ended Dec. 31, 2024:

• Total assets of $14,224,051 (U.S.) composed mainly of cash, liquid securities and gold inventory;
• Zero debt;
• Total income for the year of $4,391,851 (U.S.); and
• Net income (after tax) of $1,675,412 (U.S.).

The full details of the audited financials with management's discussion and analysis can be viewed on the company's website.

James Longshore, chief executive officer/co-founder, stated: "Even after the company completed an aggressive drill program operating three drill rigs for the entire year, we accumulated total income of $4,166,704 (U.S.). This additional income has strengthened the balance sheet significantly. Our drill programs are fully funded for 2025, 2026 and 2027, with no capital raises required. Since our public offering on the Toronto Stock Exchange in November, 2010, the company has had no major equity financings, and we have generated all of our capital internally for the last 15 years."

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position totalling 226 square kilometres in the Kibi gold belt. The Kibi gold belt is geologically analogous and in close proximity to the world-famous Ashanti gold belt, which is one of the most highly endowed gold belts in the world with estimated gold resource of over 130 million ounces. The company is the best-positioned explorer to make the next major gold discovery in Ghana.

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