Mr. Jose Garcia reports

SILVER X REPORTS A TWELVE-YEAR EXTENSION OF ITS SOCIAL AGREEMENT WITH THE COMMUNITY OF HUACHOCOLPA [EFFECTIVE PERIOD 2023-2035]

Silver X Mining Corp. has extended by 12 years its social agreement with the local Huachocolpa (Huancavelica, Peru) community, solidifying relations and enabling continued operations at the Nueva Recuperada project until November, 2035.

Agreement highlights:

• Became effective on Nov. 6, 2023, granting 12 additional years of operational activities;
• Encompasses all areas including the Nueva Recuperada processing plant, Tangana mining unit and the Red Silver mining unit;
• Demonstrates Silver X's commitment to engaging and supporting local businesses, with up to 23 companies actively involved in the current operations;
• Incorporates social development initiatives focusing on education, health, agriculture, livestock and local employment.

Jose Garcia, chief executive officer of Silver X, commented: "Our commitment to sustainable development and supporting the local community and businesses has been instrumental in our rapid growth since the inception of our operations. This extension of our agreement with the Huachocolpa community is a requirement to increase our production capacity from 720 tonnes per day to 2,220 tonnes with an additional 1,500 tpd mill as outlined in the preliminary economic assessment (PEA) published on Feb. 14, 2023.

"This agreement will serve as the cornerstone for a period of close collaboration between the company and our local stakeholders, as Silver X aspires to be the partner of choice for developing mining projects in the Andean region. Our guiding principle is sustainable development through mining, as reflected in our inaugural sustainability report published earlier this year," Mr. Garcia added.

About Silver X Mining Corp.

Silver X is a rapidly expanding silver developer and producer. The company owns the 20,000-plus-hectare Nueva Recuperada silver district in central Peru and produces silver, gold, lead and zinc from the district's Tangana mining unit. The company's mission is to be a premier silver company delivering outstanding value to all stakeholders and it aims to achieve this by consolidating and developing undervalued assets, creating value by adding resources and increasing production while aspiring to social and environmental excellence.

We seek Safe Harbor.