Mr. Jose Garcia reports

SILVER X ANNOUNCES UPCOMING DEVELOPMENTS IN THE PLATA MINING UNIT IN ADDITION TO THE CURRENT PRODUCTION

Silver X Mining Corp. will prioritize the Plata mining unit as its next brownfield renovation located within the company's flagship Nueva Recuperada silver district in central Peru. This renovation is in addition to the primary production at Nueva Recuperada.

A former-producing area of the project with abundant veins that have been only lightly exploited, Plata has strong exploration potential to increase overall production and is strategically situated 10 kilometres south of the Nueva Recuperada plant.

Previously under the management of Compania de Minas Buenaventura SAA (BVN), Plata (formerly Esperanza) was the last historical operation to close in the district. In its latest technical report entitled "NI [National Instrument] 43-101 preliminary economic assessment, Nueva Recuperada project, Huancavelica, Peru, 2022, prepared by LOM Consultants," Silver X reports an initial inferred resource at Plata of 448,812 tonnes, at grades of 220.81 grams per tonne (g/t) silver (Ag), 2.55 per cent lead (Pb) and 4.58 per cent zinc (Zn). This indicates a substantial amount of silver, lead and zinc content, affirming the project's potential value.

Silver X believes that Plata has the potential to become a valuable asset within the district, and that its higher grade (see the National Instrument 43-101 report) and abundance of veins could make Planta a premier silver target in the coming years. According to president and chief executive officer Jose M. Garcia: "Silver X has diligently reconstructed the project's historical data, recovering 8,809 sample results from 6,583 underground sampling channels, as well as additional sample and drilling information from 265 diamond drill holes over 33,391 metres. The Plata unit development and potential expansion could significantly impact Silver X's growth, contributing to the company's goal of becoming a premier silver company," he added.

About Silver X Mining Corp.

Silver X is a Canadian silver mining company with assets in Peru. The company's flagship asset is the Tangana silver, gold, lead, zinc and copper project located in Huancavelica, Peru, 10 kilometres north-northwest of the Nueva Recuperada polymetallic concentrate plant. Founders and management have a successful record of increasing shareholder value.

Qualified person

David Heyl, BSc, CPG, who is a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release for Silver X. Mr. Heyl is a consultant for Silver X Mining.

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