Consider $x_1 = 1$, $y_1 = 2i\pi$, $y_2 = \ln 2$.
It is clear that $x_1$ is linearly independent.
Also, since $y_1$ is purely imaginary and $y_2$ is wholly real, they are also linearly independent.
However, $e^{x_1 y_1} = 1$ and $e^{x_1 y_2} = 2$.
Therefore, the two-exponential conjecture is false.