In the western Baikal area, the structural position, composition, and age of volcanic rocks in the section of the Riphean margin of the Siberian craton were studied. The age of these rocks, earlier assigned to the Khotskaya Formation, is estimated at 274±3 Ma (concordia constructed over 11 zircon grains, SHRIMP-II). The geochemical and isotope compositions of volcanics evidence that they resulted from the melting of mantle source of EM-I type contaminated by crustal material. The intrusion of volcanics into the upper crustal horizons might have been caused by the evolution of the Permian active margin of the Siberian continent, which took place on the background of the closure of the Mongolo-Okhotsk ocean. Based on the results of studies, a new subvolcanic complex of Early Permian age has been recognized in the region, which includes the above-mentioned volcanics and earlier described porphyrite dikes of close age in the Sharyzhalgai uplift. The data obtained disprove the concept that the studied volcanics are of Riphean age; therefore, the available stratigraphic charts of the Siberian Precambrian must be revised.