Xali Gold Completes Due Diligence Visit, Confirms Data Integrity and Exploration Upside at Pico Machay Gold Project in Peru

About this update from Pan American Silver Corp.

[{"type":"text","content":"Xali Gold Completes Due Diligence Visit, Confirms Data Integrity and Exploration Upside at Pico Machay Gold Project in Peru\n\n\n\n VANCOUVER, British Columbia, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (\"Xali Gold” or the “Company”) is pleased to report that due diligence site visits for the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Central Peru have been completed and confirm the high quality and integrity of the historical work. The Project is under acquisition through a\n \n Share Purchase Agreement (“SPA”) with\n \n Pan American Silver Corp. (TSX:PAAS) (NYSE:PAAS) (“Pan American”) and its subsidiary, Aquiline Resources Inc. (“Aquiline”) as per the\n \n October 24\n \n\n\n th\n \n\n\n , 2025 news release\n \n .\n \n\n Xali Gold has now completed three site visits between June and November of this year, providing strong confidence in the integrity of the historical work conducted on the property by Aquiline Resources, their predecessors and also by Pan American. Participants of the site visits have included Xali Gold technical team and management, Xali Gold Qualified Person (“QP “) David Thomas of DKT Geosolutions (“DKT”), as well as representatives for local investors.   David Thomas has verified the historic geological model, confirmed the accuracy of drill collar locations, and validated the reliability of the assays from historic drilling through independent check sampling. These results speak to the integrity of the dataset and support the preparation of an updated National Instrument 43-101 report as required by the TSXV for this acquisition. This report will also serve as the foundation for converting the historic mineral resource estimate to a current estimate.\n \n\n “The Project has delivered a major and highly encouraging surprise: the alteration footprint is substantially more extensive than we had understood, spanning about 4.1km by 1.3km (533 hectares),” stated Joanne Freeze, President and CEO of Xali Gold. “By comparison, the surficial expression of the current resource occupies approximately 800m by 350m (28 hectares) - approximately 5% of the altered-mineralized broader system – which highlights the substantial explo...

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