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. On Dec. 19, 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 length of time it has taken for investors to return to the silver market and the junior mining sector, the company concluded that it is in the best interests of its shareholders and the company to extend the expiry date of the warrants for one more year. These extensions bring the exercise term of the warrants to five years from the original dates of issuance, which is the maximum term permitted under the rules of the CSE. 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, 2026; 3.47 million exercisable at 10 cents per share extended to Nov. 19, 2026; 1.43 million exercisable at 18 cents per share extended to July 14, 2027; 1,972,000 exercisable at 18 cents per share extended to Sept. 16, 2027.

About CMX Gold & Silver Corp.

CMX's 100-per-cent-owned Clayton silver property is located in the mining-friendly state of Idaho, United States. The property comprises approximately 684 acres in Custer county in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton mine was developed on eight levels to a depth of 1,100 feet below surface and is composed of approximately 19,690 feet of underground development. Two major orebodies were partially mined: the South orebody and the North orebody.

The Clayton property's 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 4.07 ounces per ton silver, 5.75 per cent lead and 5.37 per cent zinc (note: true width is unknown).

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

The company is planning work programs in 2025 and extending over the next several years to assess the resource potential within the structures related to the previously mined sections and to expand the search to determine the potential for other mineralized zones in adjacent structures. This will entail detailed geophysical work and multiple drill programs. CMX has concluded that very little geophysics were done on the property historically.

We seek Safe Harbor.