Mr. Jose Garcia reports

EARLY WARNING PRESS RELEASE REGARDING SECURITIES OF SILVER X MINING CORP.

Jose Maria Garcia Jimenez owns and controls 13,385,128 common shares of Silver X Mining Corp. and stock options entitling him to acquire two million common shares, following the completion of the business combination between the company and Mines and Metals Trading (Peru) PLC (also commercially known as Latitude Silver) on June 22, 2021.

As of the closing date, Mr. Garcia held 12.00 per cent of the issued and outstanding common shares on a non-diluted basis and 13.56 per cent of the common shares on a partially diluted basis.

Prior to the business combination, Mr. Garcia owned and controlled no securities of the company. After the business combination, Mr. Garcia owns and controls 13,385,128 common shares and options entitling him to acquire two million common shares, representing 12.00 per cent of the issued and outstanding common shares on a non-diluted basis and 13.56 per cent of the common shares on a partially diluted basis. Mr. Garcia advises that his acquisition of the common shares and options is for investment purposes only. He has no current intention to dispose of any securities of the company and may acquire additional securities in the future.

A copy of the corresponding report required by the early warning requirements can be obtained by contacting Mr. Garcia at 604-638-8063.