Mr. Jose Garcia reports

SILVER X MINING ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS AND RESTRICTED SHARE UNITS

Silver X Mining Corp. has granted 225,000 restricted share units (RSU) with a term of one year and 2.05 million stock options to directors, officers, employees and a consultant of the company, in accordance with the company's RSU plan and share option plan, respectively. Each option will have an exercise price of 26.5 cents, and 250,000 options will have a term of three years and the remaining options will have a term of five years. The grant of the options and RSUs is subject to TSX Venture Exchange approval.

About Silver X Mining Corp.

Silver X is a rapidly expanding silver developer and producer. The company owns the 20,000-hectare Nueva Recuperada silver district in central Peru and produces silver, gold, lead and zinc from the Tangana mining unit. Silver X'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.