Xali Gold Corp. announce that George Elliott has joined the Board of Directors of the Company. George Elliott, BA, LL.B. has over 40 years of experience in legal affairs and corporate finance throughout a variety of industries.

As an advisor to the AuRico Gold Board of Directors, Mr. Elliott was instrumental in the reorganization of Gammon Gold through the name change to AuRico. Prior to 2000, Mr. Elliott was Senior Counsel at the law firm Gowling Lafleur Henderson (now Gowlings). Since 2000, Mr. Elliott has held the roles of Chairman and CEO for Titanium Corporation Inc., Executive Vice President of MCAP Financial, which manages over $20 billion in mortgage investments for Canadian financial institutions and Chair of the Executive Committee of the PLM Group - Canada's fourth largest commercial printer, which was acquired by Transcontinental Printing for 250% of their market value.

George retired in 2022 as a Director of the Canadian Securities Exchange and is currently a Director of Candente Copper Corp., Urbana Corporation (TSX) and Radar Capital, a private corporation. The Company advises that Ian Ward has tendered his resignation from the board of Directors for personal reasons. The Company sincerely thanks Ian for his unrelentless dedication and expertise during his 5 years serving on Xali Gold's Board of Directors.