Mr. Jose Garcia reports

SILVER X MINING ANNOUNCES UPSIZE OF BOUGHT DEAL LIFE PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$13.0 MILLION

As a result of strong investor demand, Silver X Mining Corp. has increased the size of its previously announced bought deal private placement from gross proceeds of $10-million to gross proceeds of $13-million. Pursuant to the upsized offering, Red Cloud Securities Inc., as lead underwriter on behalf of a syndicate of underwriters including Laurentian Bank Securities, has agreed to purchase for resale 26 million units of the company at a price of 50 cents per unit.

Each unit will consist of one common share of the company and one-half common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of 70 cents at any time on or before that date which is 36 months after the closing date of the offering.

The company will grant to the underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional six million units at the offering price to raise additional gross proceeds of up to $3-million.

The company intends to use the net proceeds from the offering for capital and exploration expenditures related to the company's operations in the Nueva Recuperada silver district in Peru, as well as for working capital and general corporate purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units under the offering will be offered for sale to purchasers resident in all of the provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by co-ordinated blanket order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The unit shares and the warrant shares underlying the units are expected to be immediately freely tradable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended. All securities not issued pursuant to the listed issuer financing exemption will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the closing date.

The offering is scheduled to close on Sept. 29, 2025, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an amended and restated offering document related to the upsized offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this amended offering document before making an investment decision.

About Silver X Mining Corp.

Silver X is a rapidly expanding silver producer and developer. The company owns the 20,472-hectare Nueva Recuperada silver project in central Peru, and produces silver, gold, lead and zinc from its Tangana mining unit. It is building a premier silver company that aims to deliver outstanding value to all stakeholders, consolidating and developing undervalued assets, adding resources, and increasing production while aspiring to sustain the communities that support it and stewarding the environment. Current production, paired with immediate development and brownfield expansion opportunities, presents investors with the opportunity to invest in the early stages of a silver producer with strong growth prospects.

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