May 12, 2026
Silver X Mining Begins Trading on OTCQX, Expanding Access to U.S. Investors
Silver X is advancing its growth strategy in Peru, supported by current production
and expansion opportunities at Nueva Recuperada.
The OTCQX® upgrade reflects Silver X’s ability to meet elevated financial,
governance and disclosure standards as it scales.
Vancouver, British Columbia, May 12, 2026 – Silver X Mining Corp. (TSX-V: AGX | OTCQX: AGXPF | F: AGX) (“Silver X” or the “Company”), a rapidly growing silver producer developing a district-scale platform in Peru, today announced that it’s common shares have commenced trading on the OTCQX® Best Market (“OTCQX”), effective today, under the symbol “AGXPF.” Silver X has graduated to OTCQX from the OTCQB® Venture Market (“OTCQB”), marking an important milestone in the Company’s capital markets strategy and enhancing its visibility and accessibility to U.S. institutional and retail investors.
Investors can find current financial disclosure and real-time Level 2 quotes for the Company at www.otcmarkets.com.
Strategic Step Toward a Broader Capital Markets Platform
“This is an important step in positioning Silver X as a recognized silver growth story in the U.S. market,” said Jose Garcia, President, Chief Executive Officer, and Director of Silver X Mining Corp. “We are building a scalable, district-scale platform in Peru with current production, near-term growth visibility, and significant exploration upside. Trading on OTCQX expands our reach to a broader U.S. investor audience, strengthens our access to capital markets, and supports the next phase of growth at our Nueva Recuperada Silver Project. With production at our Tangana Mining Unit, immediate development opportunities, and meaningful brownfield expansion potential across our district-scale land package, we believe Silver X is well positioned to build a premier silver company and deliver long-term value for shareholders.”
Positioned for Near-Term Growth and Long-Term Scale
Silver X is actively advancing its Nueva Recuperada Silver District in central Peru, a 20,000+ hectare land package with multiple mining units and over 200 exploration targets. The Company is currently processing approximately 750 tonnes per day, with a clear path to increase throughput to 1,000 tonnes per day, supported by operational improvements and high-grade feed from satellite deposits.
Key growth drivers include:
- Tangana Mining Unit, the current production hub, with ongoing optimization and development
- Near-plant satellite deposits, including high-grade opportunities such as Blenda Rubia and Red Silver
- District-wide exploration upside, with over 200 targets across a consolidated land package
- Recently acquired Pampas Project, a high-grade gold-silver asset with potential to become a second production center
This integrated, multi-asset approach positions Silver X to evolve from a single-operation producer into a district-scale silver company with multiple production sources and processing hubs.
Building a Scalable Multi-Asset Platform
Silver X’s strategy centers on consolidating and advancing the broader Huancavelica district into a scalable, long-life mining platform supported by existing infrastructure, near-plant development opportunities, and district-wide exploration potential. The Company is focused on increasing metal production through higher throughput and grade optimization, advancing satellite deposits to supplement plant feed, and unlocking additional value through district consolidation and exploration.
Enhanced Visibility in the U.S. Market
OTCQX is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to OTCQX enhances Silver X’s accessibility and visibility with U.S. investors as the Company continues to advance production, resource growth, and development opportunities at Nueva Recuperada.
Silver X will continue to trade on the TSX Venture Exchange under the symbol AGX, maintaining its Canadian market presence alongside its growing U.S. profile.
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 over 20,000 hectares with two 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
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, exploration plans, results of operations, expected performance at the Project, the Company’s belief that the Tangana system will provide considerable resource expansion potential, that the Company will be able to mine the Tangana Mining Unit in an economic manner, and the expected financial performance of the Company.
The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price for the commodities we produce; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company’s operations at the Project and Nueva Recuperada Plant; the availability of financing for operations and development; the Company’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources at the Project and the geological, operational and price assumptions on which these and the Company’s operations are based are within reasonable bounds of accuracy (including with respect to size, grade and recovery); the Company’s ability to attract and retain skilled personnel and directors; and the ability of management to execute strategic goals.
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 SEDAR+ at 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
