July 3, 2024
Silver X Mining Appoints David Gleit as Chief Financial Officer
Vancouver, British Columbia, July 3, 2024 – Silver X Mining Corp. (TSX-V: AGX) (OTCQB: AGXPF) (F: AGX) (“Silver X” or the “Company“) today announced the appointment of David Gleit as Chief Financial Officer (CFO), effective immediately. David succeeds Jason Tong, who served as the Company’s interim CFO and who will remain with the Company as the corporate controller.
David brings more than 25 years of experience as a financial executive with a strong background in international mining, construction, and asset-management. He has advised and led financial strategy and operations for companies at various stages of growth and currently resides in Lima, Peru.
“We are delighted to welcome David as our new CFO,” said Silver X CEO José M. García. “His expertise in international mining and his impressive track record in strategic financial management will be essential as we expand our operations in Peru and refine our growth strategies. We are confident that David’s leadership will be integral in our ongoing efforts to become a leading silver producer.”
About David Gleit
Prior to joining Silver X, David served as an independent consultant, advising companies on strategic planning, finance, and administration. He previously held the position of CFO at Sierra Sun Group, a privately held group of Peruvian mining companies.
David also served as CFO and corporate strategy & risk officer at STRACON, a Peruvian-based provider of integrated mining and construction services throughout the Americas. At Volcan Compañía Minera, one of the world’s leading producers of silver & zinc, David served as Corporate Development Officer, responsible for Volcan’s growth strategy, including M&A. David became the investor relations officer for Volcan, developing the Company’s first investor relations department, receiving top IR honours by Institutional Investor magazine readers in 2015 and 2017.
David holds an MBA in Finance from Drexel University and a BA from the University of Vermont. He is certified in NI 43-101 Technical Reports for Mining Projects and IFRS Accounting for Mining. David was both a director and founding member of CFA Society Peru and is a member of the Institute of Mining Engineers of Peru.
About Silver X
Silver X is a rapidly expanding silver producer and developer advancing the Nueva Recuperada Project in Peru, a 20,795-hectare, district-scale land package with two mining units and over 200 targets. Current production at the Tangana Mining Unit is scaling alongside the planned restart of the Plata Mine, supporting a path to ~6 million AgEq ounces annually by 2029. With immediate revenue, scalable growth, and long-term discovery upside ¬– all within one integrated project – Silver X is building the next-generation silver company defined by growth, resilience, and responsible mining.
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:
Kaitlin Taylor
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 Statement Regarding “Forward-Looking” Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation (“forward-looking information”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All information contained in this press release, other than statements of current and historical fact, is forward looking information. Forward- looking information contained in this press release may include, without limitation, statements in respect of the timing and ability of the Company to complete the Offering; the use of proceeds in connection with the Offering; the ability to obtain all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange in connection with the Offering; and the ability to satisfy all conditions to the closing of the Offering, exploration plans, results of operations, expected performance at the Company’s project.
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.sedar.com 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.
