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 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.
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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.
