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Xali Gold Updates after Filing Annual Financial Statements
VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali ...
About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold Updates after Filing Annual Financial Statements\n\n\n\n VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (\"Xali Gold” or “the Company”) is pleased to advise that the Company filed its audited annual financial statements, accompanying management discussion and analysis, and CEO and CFO certifications for the financial year ended March 31, 2025 (the \"Annual Filings\") in accordance with applicable Canadian securities laws on August 16, 2025. The Annual Filings are available both under the Company’s profile at\n \n www.sedarplus.ca\n \n as well as on the Company website under\n \n Investors – Financial Reports\n \n .\n \n\n The TSX Venture Exchange (“TSX.V”) is currently conducting a Listing Review of Xali Gold, which is a normal part of the review process after trading has been halted in a Company. The Company is working to resume trading as soon as possible. In connection with the Listing Review, the Transfer Agent and Registrar for Xali Gold have confirmed that the Company is in good standing with Computershare Investor Services Inc.\n \n\n “Given the current price of gold, and our very experienced and capable partners in Mexico, we are focused on securing an advanced exploration stage project in South America in one of the proven high-sulphidation epithermal belts in Peru,” said Joanne Freeze, President and CEO of Xali Gold.\n \n\n\n El Oro Update\n \n\n\n Xali Gold also provides an update on the cancellation of some of the El Oro concessions by the Mexican Mining Bureau (“MMB”). Two mining concessions which were peripheral to known mineralization and drill targets (see Map 1 below) were cancelled prior to March 31, 2025. One of these was cancelled with notice but the other was cancelled without notice, which we have been told is unlawful. Due to the extensive size of these two claims, and given that they comprised 76.28% of the fees owing for the total El Oro property, the Company decided not to legally challenge these two cancellations and instead to write-off $2,260,108 in outstanding mining fees related to these concessions.\n \n\n In late July 2025, it was discovered that an additional seven El Oro concessions had also been cancelled by the MMB without notice. All of these cancellations are und...