Mr. Jan Alston reports

CMX EXTENDS EXPIRY DATES FOR WARRANTS

CMX Gold & Silver Corp. has extended the expiry dates of its common share purchase warrants currently outstanding. The warrants were issued as part of private placements in 2021 and 2022, and initially had two-year terms for exercising. On March 28, 2023, the expiry dates of the warrants were previously extended for one year. The exercise prices for the warrants are not below the present trading price of the company's shares on the Canadian Securities Exchange. Considering CMX's present stage of development of its Clayton silver project and the timeline for ore sorting the Clayton mine stockpile expected later next year, the company concluded that it is in the best interests of the shareholders and the company to extend the expiry date of the warrants for one more year. No other terms of the warrants were amended.

CMX has extended by one year the expiry dates of the warrants as follows: 6.7 million exercisable at 10 cents per share extended to June 30, 2025; 3.47 million exercisable at 10 cents per share extended to Nov. 19, 2025; 1.43 million exercisable at 18 cents per share extended to July 14, 2026; 1,972,000 exercisable at 18 cents per share extended to Sept. 16, 2026.

About the Clayton silver project

CMX's 100-per-cent-owned Clayton silver property is in Custer county, south-central Idaho, a mining-friendly state. The 1,131-acre property includes the former Clayton silver-lead-zinc mine on patented claims. The Clayton mine was developed on eight levels to a depth of 1,100 feet below surface and comprises approximately 19,690 feet of underground development. Two major orebodies were partially mined: the South orebody and the North orebody.

Recorded production from the Clayton mine included 7,031,110 ounces silver, 86,771,527 pounds lead, 28,172,211 pounds zinc, 1,664,177 pounds copper and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985 (Bob Hillman, M.S. thesis, June 26, 1986, Eastern Washington University).

Very little exploration has been carried out previously on the property. Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960s, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of mineralization grading 4.07 ounces (126 grams per tonne) Ag, 5.75 per cent lead and 5.37 per cent zinc (note: true width is unknown).

Technical and scientific information in this news release was reviewed and approved by Richard Walker, MSc (geology), PGeo, recognized as a qualified person under the guidelines of National Instrument 43-101. Readers are cautioned that historical information referenced in this news release is not NI 43-101 compliant, but has been obtained from sources that the company believes are reliable.

We seek Safe Harbor.