Vancouver, British Columbia, January 18, 2022 – Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it has signed a Binding Letter of Intent (the “Agreement”) with Minera Cinco Reales S.A. de C.V. (“MCR”) on the San Dieguito de Arriba (“SDA”) Plant in Nayarit, Western Mexico.