Xali Gold

Xali Gold has launched a comprehensive growth strategy to acquire gold and silver projects with near surface exploration potential, near-term production potential and previous mining histories. Xali Gold plans to advance our growing bank of gold and silver assets internally and/or with industry partners. The acquisition of the SDA Plant, suitable for treating high grade gold and silver mineralization, along with the acquisition of rights to the El Dorado gold and silver historic mines was the initial step in this strategy. The profit-sharing agreement on the potentially leachable Cocula Project was the second step. The Company is currently evaluating other gold and silver projects complementary to the SDA plant and El Dorado or stand alone such as the Cocula Project. The Company is currently evaluating other properties that are complementary to the SDA plant, El Dorado and the Cocula Project. El Oro, remains as our flagship asset, as it is a district scale gold project encompassing a well-known prolific high-grade gold-silver epithermal vein system in Mexico. El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*) In addition, Xali Gold has also acquired the Victoria Property which hosts gold-bearing quartz veins in altered granitoid-type rocks and high grade concentrated till samples with 10.45 and 66.7 gpt gold. The Victoria property is located within a structurally controlled gold belt of Central Newfoundland, an emerging significant exploration jurisdiction in Canada.