April 17, 2026
Silver X Mining Corp. Announces Appointment of Mark NJ Ashcroft to Board of Directors
Vancouver, British Columbia, April 17, 2026 – Silver X Mining Corp. (TSX-V: AGX) (OTCQB: AGXPF) (F: AGX) (“Silver X” or the “Company“) a precious-metals exploration, development, and production company operating a multi-asset platform in Peru, is pleased to announce the appointment of Mark NJ Ashcroft, P.Eng., to its Board of Directors.
Mr. Ashcroft is a professional mining engineer with approximately 40 years of experience spanning underground mine operations, project development, corporate finance and strategic advisory work across North and South America and Australia.
He began his career underground at Inco and has since held senior executive and board positions at a number of public mining companies, including serving as President and CEO of Stonegate Agricom, where he led the company through a successful C$51.75 million initial public offering.
Mr. Ashcroft currently serves as President and CEO of Aurelius Minerals Inc., Principal of Sextant Mining Advisory Inc., and Business Development Advisor, Americas at Empress Royalty Corp. He also chairs the Advisory Board to the School of Engineering and Computer Science at Laurentian University.
José M. Garcia, CEO of Silver X, commented: “We are thrilled to welcome Mark to our Board of Directors, with his rare combination of hands-on underground mining experience, public company leadership, and capital markets expertise. His track record in project development, financing and strategic execution will be highly valuable as Silver X continues to advance its production growth plans and broader district-scale strategy in Peru.”
Mark NJ Ashcroft commented: “Silver X has assembled a compelling portfolio and a clear growth strategy anchored by existing production, restart opportunities and district-scale upside. I am excited to join the Board at this stage of the Company’s development and look forward to supporting management as it works to create long-term value for shareholders.”
Mr. Ashcroft’s appointment is expected to strengthen the Company’s technical oversight, corporate governance and capital markets capability at a time when Silver X is focused on scaling production, advancing multiple mining fronts and pursuing long-term value creation across its asset base.
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.
