October 3, 2023
Silver X Announces Changes to Leadership Team with Appointment of Jason Tong as CFO
Vancouver, BC, October 3, 2023 — Silver X Mining Corp. (TSX-V: AGX) (OTCQB: AGXPF) (F:AGX) (“Silver X” or the “Company”), a rapidly expanding silver developer and producer in Central Peru, is pleased to announce the appointment of Mr. Jason Tong as Chief Financial Officer (“CFO”) of Silver X Mining Corp. effective October 1st, 2023.
Mr. Tong brings over a decade of executive leadership and corporate finance expertise, having worked with growing public companies on the TSX, TSXV, and Nasdaq. He has held the position of CFO and taken on advisory roles within the mining and finance sectors. Prior to this, Mr. Tong served as the CFO of Pathway Capital Ltd, a venture capital firm overseeing a portfolio of early-stage ventures with market capitalizations between $5M and $100M. Earlier in his profession, he functioned as a senior auditor at Deloitte & Touche LLP, offering both assurance and tax services. Mr. Tong is a Chartered Professional Accountant (CPA, CA) and also holds the Chartered Financial Analyst (CFA) designation.
“We are delighted to have Mr. Tong join the Silver X executive team. His extensive financial experience and knowledge of the company is a tremendous asset as we transition into our next growth phase,” commented José García, CEO of Silver X.
Concurrent with Mr. Tong’s appointment, Mr. Ronald Mariño has chosen to step down as CFO to explore other business ventures. Silver X’s Board of Directors extends their heartfelt appreciation for Mr. Mariño’s significant contributions and wishes him success in his future endeavors.
About Silver X
Silver X is a silver producer building a district-scale precious metals platform in central Peru. Its flagship Nueva Recuperada Silver District includes current production, development opportunities, and significant exploration potential. With a clear path to increased throughput and a pipeline of high-grade targets, Silver X is positioned for continued growth and long-term value creation. For more information visit our website at www.silverxmining.com.
About OTC Markets Group Inc.
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On Behalf of the Board
José M. García
CEO and Director
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Investor Relations
Cautionary Statement Regarding “Forward Looking” Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation (“forward-looking information”). Forward-looking information is generally identified by words such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, or similar expressions, including statements that certain events or results “may”, “could”, “would” or “will” occur. All statements other than historical facts constitute forward-looking information, including, without limitation, statements regarding exploration plans, operating results, expected project performance, the potential for resource expansion at Tangana, the economic viability of the Tangana Mining Unit, and the Company’s expected financial performance.
Forward-looking information is based on a number of assumptions, including that general economic and business conditions will not materially worsen; commodity demand and prices will remain stable or improve; required permits and approvals will be obtained on a timely basis; operations will not be materially disrupted by accidents, labour issues or equipment failures; financing will be available; equipment and supplies will be accessible as needed; resource estimates and underlying assumptions (including size, grade and recovery) are reasonable; and the Company will be able to attract and retain qualified personnel and execute its strategic objectives.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the Company’s annual and interim MD&As and in its public documents filed on www.sedarplus.ca from time to time. Forward- looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
