Silver X Mining Announces Grant of Incentive Stock Options and Restricted Share Units

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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) grants 225,000 Restricted Share Units and 2,050,000 stock options to directors, officers, employees, and a consultant. Each Option will have an exercise price of C$0.265, and 250,000 Options will have a term of 3 years, with the remaining options having a term of 5 years.

VANCOUVER, BC / ACCESSWIRE / November 30, 2023 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) ("Silver X" or the "Company"), a rapidly expanding silver developer and producer in Central Peru, is pleased to announce that it has granted 225,000 Restricted Share Units ("RSU") with a term of 1 year and 2,050,000 stock options ("Options") to directors, officers, employees and a consultant of the Company, in accordance with the Company's RSU plan and share option plan, respectively. Each Option will have an exercise price of C$0.265, and 250,000 Options will have a term of 3 years and the remaining options will have a term of 5 years. The grant of the Options and RSU's is subject to TSX Venture Exchange ("TSXV") approval.

About Silver X Mining Corp.

Silver X is a rapidly-expanding silver developer and producer. The Company owns the 20,000-hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead and zinc from the Tangana Mining Unit. Our mission is to be a premier silver company delivering outstanding value to all stakeholders and we aim to achieve this by consolidating and developing undervalued assets, creating value by adding resources and increasing production while aspiring to social and environmental excellence. For more information visit our website at www.silverxmining.com.

ON BEHALF OF THE BOARD

José M. García
CEO and Director

For further information, please contact:

Sebastian Wahl
Vice President, Corporate Development
T: +1 647 259 6901 x 101
E: s.wahl@silverxmining.com

Paola Ricardo
Investor Relations
ir@silverxmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Silver X Mining Corp.

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FAQ

What are the details of the recent grant by Silver X Mining Corp. (AGX)?

Silver X Mining Corp. granted 225,000 Restricted Share Units and 2,050,000 stock options to directors, officers, employees, and a consultant. Each Option will have an exercise price of C$0.265, and 250,000 Options will have a term of 3 years, with the remaining options having a term of 5 years.

Who are the recipients of the grant by Silver X Mining Corp. (AGX)?

The recipients of the grant are directors, officers, employees, and a consultant of Silver X Mining Corp.

What is the exercise price of the stock options granted by Silver X Mining Corp. (AGX)?

The exercise price of the stock options is C$0.265.

What is the term of the stock options granted by Silver X Mining Corp. (AGX)?

250,000 Options will have a term of 3 years, and the remaining options will have a term of 5 years.

What is the approval required for the grant of Options and RSU's by Silver X Mining Corp. (AGX)?

The grant of the Options and RSU's is subject to TSX Venture Exchange ("TSXV") approval.