Xali Gold Agrees to Transfer the El Oro Tailings Project in Mexico to Kappes, Cassiday

About this update from Xali Gold Corp.

[{"type":"text","content":"Xali Gold Agrees to Transfer the El Oro Tailings Project in Mexico to Kappes, Cassiday\n\n\n\n VANCOUVER, British Columbia , Nov. 13, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (\"Xali Gold” or the “Company”) is pleased to announce that Xali Gold and Kappes, Cassiday and Associates (“KCA”) have agreed to finalize a Definitive Agreement whereby Xali Gold will transfer all of their rights related to the Mexican Mine Tailings in El Oro, Mexico (the “El Oro Tailings Project”), to KCA. The terms of the Definitive Agreement will be consistent with the terms in the Binding Letter of Intent (“LOI”) announced on\n \n April 15, 2024\n \n .\n \n\n “KCA has made substantial progress on the El Oro Tailings Project with a drill program that successfully confirmed the tonnage, grade and metallurgical behaviour of the ore,” says Joanne Freeze, President and CEO of Xali Gold. “Additionally, they have developed a comprehensive engineering design package to support the construction of a processing plant to treat the tailings with recoveries estimated to be 78% for gold and 86% for silver. We are confident that KCA is the ideal partner to responsibly develop and operate the tailings reprocessing facility, delivering benefits for all stakeholders involved.”\n \n\n Xali Gold initially acquired the rights to reprocess the tailings in El Oro from the Municipality of El Oro in 2013. Since then, the Company has conducted numerous studies, both independently and in collaboration with partners, to determine the most effective gold recovery process and believes that KCA has successfully achieved this.\n \n\n Xali Gold’s agreement with KCA gives them the right to process and sell all gold and silver recovered from the Tailings in return for a gross royalty equal to 4% of the sales income (“NSR”), less any royalties due and payable to others, especially the Municipality of El Oro, but not less than 3% gross royalty. KCA maintains the right to purchase 1% of the royalty from Xali Gold for US$1,000,000 at any time, in which case the 4% gross royalty owed to the Company will be reduced to 3% (or the 3% royalty, reduced to 2%). Payments or taxes related to the tailings will be assumed by KCA and will no longer be the responsibility of Xali Gold...

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