Method of Issuance: Globenewswire
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
XALI GOLD CORP. (the “Company”)
Suite 801 – 1112 West Pender Street
Vancouver, BC, Canada, V6E 2S1
Item 2 Date of Material Change
March 2, 2022
Item 3 News Release
Date of Issuance: March 2, 2022
Method of Issuance: Globenewswire
Item 4 Summary of Material Change
Please see attached News Release.
Item 5 Full Description of Material Change
Please see attached News Release.
5.1 Full Description of Material Change
Please see attached News Release.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
Contact: Joanne Freeze, CEO, President and Corporate Secretary
Telephone: (604) 689-1957
Item 9 Date of Report
March 2, 2022
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Xali Gold Provides Update on Dr ill Permits at El Oro, Mexico
Vancouver, British Columbia, March 2, 2022 - Xali Gold Corp. (TSXV:XGC ) ("Xali Gold” or
the “Company”) is pleased to announce that based on three -dimensional (“3D”) modelling and
surface area review , it has finalized locations for drill pads for the 100% held El Oro g old-silver
Project in Mexico.
New drill targets have been identified by using a 3D Leapfrog model and drillholes have been
designed to test potential extensions to high-grade gold and silver zones intersected by previous
drilling. Based on surface area review, a total of 20 locations wer e selected as potential drill pad
locations from which to test these new targets. Some of the pads will be used for multiple holes.
These drill pad locations will be included in the permit application which will be submitted
shortly.
The Mexico-Esperanza high-grade intersections at the El Oro Project include:
- 16.7g/t Au & 32.5g/t Ag over 1.4m
- 30.7g/t Au & 3.0g/t Ag over 1.9m
- 12.8g/t Au & 44.0g/t Ag over 0.5m
- 13.7g/t Au & 6.5g/t Ag over 3.0m
- 2.4g/t Au & 372g/t Ag over 0.5m
- 18.1g/t Au & 137g/t Ag over 0.4m and
- 1.0g/t Au & 5.0g/t Ag over 75m
A video showing the Leapfrog model can be found on the Company’s website.
About Xali Gold
Xali Gold has a growth strategy to acquire gold and silver projects with near surface exploration
potential, near -term production potential and previous mining histories in Mexico and also in
Newfoundland, Canada . Xali Gold plans to advance our growing bank of gold and silver assets
internally and/or with industry partners.
El Oro is a district scale gold project encompa ssing 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 Nr. 37, Mining of the El Oro and Tlapujahua Districts.
1920, T. Flores).
NEWS RELEASE
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Modern understanding of epithermal vein systems indicates that s everal of the El Oro district’s
veins hold excellent discovery potential, particularly below and adjacent to the historic workings
of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Xali Gold is dedicated to being a responsibl e Community partner.
Joanne C. Freeze, P.Geo., President, CEO and Matthew Melnyk, CPG., Director Operations, are Qualified Persons
as defined by National Instrument 43- 101 for the projects discussed above. Ms. Freeze and Mr. Melnyk have
reviewed and approved the contents of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking Information
This news release may contain forward- looking information (as such term is defined under Canadian securities
laws) including but not limited to the mineral resource estimate for the Mexico Mine Tailings and information
regarding references to historical resource estimates, the potential for discovery on the Victoria, El Dorado, Cocula
and El Oro Properties and other statements that are not historical facts. While such forward-looking information is
expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they address f uture
events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali
Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information
include, without li mitation, gold prices, results of exploration and development activities, regulatory changes,
defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental
issues, availability of capital and financi ng and general economic, market or business conditions. Xali Gold
expressly disclaims any intention or obligation to update or revise any forward- looking information, whether as a
result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Xali Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director
For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957
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