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Xali Gold Update on Canadian Business Journal, Marketing Consultant

Vancouver, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) — Xali Gold Corp. (TSXV: XGC) (“Xali Gold” or “Company”) updates News Release 82 dated July 29, 2020. Announced. Xali Gold has launched a “CEO Validated” discussion forum at AGORACOM. Xali Gold maintains a relationship with AGORACOM and the forum will continue to serve as our primary social media platform for interacting with both shareholders and the broader investment community in a fully moderated environment.

We also announced that we entered into a marketing agreement (“Cross Agreement”) with Kelly B. Cross Consultant (“Consultant”) on September 1, 2021 and that the Cross Agreement was amended on May 5, 2022. To do. ..

Joanne Freeze, President and Chief Executive Officer of Xali Gold, said: “We are also pleased to work with Kelly Cross, who is based in Mexico and has over 20 years of experience in mineral exploration in Mexico and Canada. We look forward to continuing to work together to create shareholder value. increase.”

AGORACOM contract

Xali Gold HUB is live and can be found at https://agoracom.com/ir/xaligold.

AGORACOM’s “CEO Verified” provides the first identification of small business owners on financial platforms. Smallcap CEOs and other company executives can now post or communicate within discussion forums without the risk of spoofing. Our ultimate influential “CEO-verified” forum creates an unparalleled level of engagement between companies and investors who have long sought civilized, constructive and fact-based conversations.

Xali Gold has also received significant exposure through the insertion of millions of content brands into the AGORACOM network and extensive search engine marketing. In addition, exclusive sponsorship of valuable digital assets such as the AGORACOM homepage and AGORACOM Twitter account will help to significantly increase our brand awareness among small investors. In 2021, AGORACOM generated 3.6 million minutes on YouTube and 14 million impressions on Twitter, delivering 230% more engagement than the best Twitter benchmarks.

For the services provided between July 15, 2020 and July 15, 2021 (valued at Cdn $ 67,800: Cdn $ 60,000 + GST), we have Agora Internet Relations Corp with a total of 1,140, ​​not including the face value of the capital. Issued 430 common stock. .. February 17, 2022.

1,140,430 shares of common stock will be issued for quarterly invoices, 226,000 shares will be issued at a deemed price of $ 0.06 per share, and 271,200 shares will be issued at a deemed price of $ 0.05. , 226,000 shares were issued at a deemed price of $ 0.06. Common stock with a deemed price of $ 0.065 and 208,615 shares of common stock with a deemed price of $ 0.065. This transaction was governed by applicable corporate and securities laws.

Marketing contract with Kelly Cross

The marketing contract with Kelly Cross can be renewed from September 1, 2021 for 12 months. Considering the services offered, Xali Gold will pay the consultant $ 1,000 per month, a total of 500,000 shares of the company’s capital (no par value) and 250,000 shares of stock options. We may also choose to offer bonuses. If the bonus is paid in securities, exchange approval is required before issuance.

The 500,000 shares of common stock were scheduled to be issued on the following schedule. 100,000 shares at a deemed price of $ 0.08 per share, 100,000 shares issued at a deemed price of $ 0.065 per share, 100,000 shares issued at a deemed price of $ 0.12 per common share and $ 0.09 per common share All $ 100,000 issued at the deemed price will be issued with TSXV approval and the remaining 100,000 shares will be issued at the deemed price per common share equal to the market price. September 1, 2022.

We grant consultants 250,000 stock options at an exercise price of $ 0.10, of which 25% are immediately vested, 25% are vested quarterly and the last 25% are on March 1, 2023. I will vest. The stock expiration date option is September 1, 2026.

About Xali Gold

Xali Gold has growth strategies to win near-surface exploration potential, short-term production potential, and gold and silver projects with previous mining history in Newfoundland, Mexico and Canada. I am. Xali Gold plans to move its growing banks of gold and silver assets forward in collaboration with internal and / or industry partners.

El Oro is a district-wide gold project that includes the well-known prolific, high-grade gold-dominated gold-silver hydrothermal vein system in Mexico. The project covers 20 veins produced in the past, with a total of more than 57 veins, of which approximately 6.4 million ounces of gold and 74 million ounces of silver are produced from only two of these veins. (Mexico Geological Service Bulletin Nr .37, mining in El Oro and Tlapujahua districts. 1920, T. Flores).

A modern understanding of the thermal external vein system is an excellent discovery of some of the veins in the El Oro area, especially under and adjacent to the historical work of the San Rafael vein, which was mined to an average depth of only 200 meters. It shows that it has potential.

Xali Gold is dedicated to becoming a Responsible Community Partner.

Joanne C. Freeze, P. Geo. , President, CEO and Matthew Melnyk, CPG. , Director Operations is a qualified person as defined in National Instrument 43-101 for the above project. Freeze and Melnik have reviewed and approved the content of this release.

Neither the TSX Venture Exchange nor its regulatory service provider is responsible for the validity or accuracy of this release.

Information about the future outlook

This news release contains forward-looking information (defined by Canadian Securities Law), including information on mineral resource estimates for the Mexican mine Tailings and references to past resource estimates for potential discoveries in Victoria. The term) may be included. , El Dorado, Cocula, El Oro Properties, and other statements that are not historical facts. Such forward-looking information is expressed in good faith by Xali Gold and we believe that Xali Gold has a reasonable basis, but to address future events and circumstances, Xali Gold It is subject to the inherent risks and uncertainties, including those listed in the MD & A. Factors that may cause actual results to differ materially from forward-looking information include gold prices, exploration and development activities, regulatory changes, title defects, availability of materials and equipment, timeliness of government approval, and possible. Includes, but is not limited to, gender. Environmental issues, availability of capital and financing, and general economic, market, or business conditions. Xali Gold expressly disclaims any intention or obligation to update or revise any forward-looking information as new information, future events, or other consequences, except in accordance with applicable securities law.

On behalf of the board of directors of Xali Gold Corp.

“Joan Freeze” P.Geo.
President, Chief Executive Officer and Director

For more information, please contact:
Joan Freeze
President and CEO
Tel: +1 (604) 689-1957
[email protected]

NR 113


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Xali Gold Update on Canadian Business Journal, Marketing Consultant

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