Xali Gold Ratifies Agreement with El Oro Municipality for Reprocessing Historic Tailings

Vancouver, British Columbia, March 31, 2022. Xali Gold Corp. (TSXV:XGC) (“Xali Gold” and/or the “Company”) is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales (“CCM El Oro”) and the Municipality of El Oro have agreed to renew both the Tailings Agreement (on the Mexico Mine Tailings Project in El Oro, Mexico) and the Tourism Agreement (collectively called the “Agreements”). The terms of the Agreements have no substantial changes but do include the obligation to employ persons from El Oro on a preferential basis.

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