Xali Gold Submits FTA Application and Selects Drill Contractor for Pico Machay

VANCOUVER, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it has submitted its Ficha Técnica Ambiental (“FTA”) application to Peru’s Ministry of Energy and Mines (“MINEM”) for resource confirmation and exploration drilling at the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Huancavelica, Peru. The Company has also signed a contract with Geologia Estudios Medio Ambientales Drilling & Construction S.R.L. (“GEMA”) to carry out its initial 3,000-metre (“m”) diamond drilling program.