February 6, 2023
Silver X Mining Announces Appointment of Vice President Investor Relations
Vancouver, BC, February 6, 2023 – Silver X Mining Corp. (TSX-V: AGX) (OTC QB: AGXPF) (F: WPZ) (“Silver X” or the “Company”) announces the appointment of Fiona Grant Leydier as Vice President, Investor Relations and Corporate Marketing.
Ms. Grant Leydier brings over 17 years of experience leading multi-faceted stakeholder communications for publicly traded companies internationally and across diverse sectors. With a primary focus on the natural resource sector, Ms. Grant Leydier has led investor relations for numerous companies listed on the TSX and TSX- V in Canada and advised FTSE 100 and 250 clients in the UK in the areas of corporate and stakeholder communications. Most recently, she was the Vice President, Investor Relations for Great Panther Mining, a TSX and NYSE-listed precious metals producer with operations in Brazil, Mexico and Peru.
As part of Ms. Grant Leydier’s appointment and pursuant to the Company’s Stock Option Plan, the Company has agreed to grant 150,000 stock options (the “Options”) to Ms. Grant Leydier, 50% of which will be granted after six months of employment and 50% after 12 months, at an exercise price to be determined at the time of grant. The Options will vest semesterly over a period of 12 months and will be exercisable for a period of 60 months. Ms. Grant Leydier’s appointment and the Options are subject to the approval of the TSX Venture Exchange.
About Silver X
Silver X is a growing silver producer building a multi-asset precious metals platform in Peru. The Company’s portfolio includes the Nueva Recuperada Project, a district-scale land package of 20,795 hectares with three mining units and more than 200 exploration targets, as well as the recently acquired Pampas Project.
With existing production, scalable expansion opportunities, and significant exploration upside, Silver X is positioned for continued growth and long-term value creation. 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:
Susan Xu
Investor Relations
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.
Cautionary Note Regarding Production without Mineral Reserves
The decision to commence production at the Nueva Recuperada Project and the Company’s ongoing mining operations as referenced herein (the “Production Decision and Operations”) are based on economic models prepared by the Company in conjunction with management’s knowledge of the property and the existing estimate of mineral resources on the property. The Production Decision and Operations are not based on a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Production Decision and Operations, in particular: the risk that mineral grades will be lower than expected; the risk that additional construction or ongoing mining operations are more difficult or more expensive than expected; and production and economic variables may vary considerably.
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”, “targets”, “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 the filing of a technical report, an updated PEA, the evaluation of processing capacity beyond 3,000 tpd, the production profile contemplated in the 2025 PEA including average and peak annual production, the suitability of bulk underground mining methods and their expected costs, mine life, the achievement of a 1,000 tpd run rate, the timing of permits including the ESIA update to 1,500 tpd, future drilling and the conversion of Inferred resources, financing discussions, and the Company’s growth plans.
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 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. 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.
