Silver X Completes Settlement of Royalty Debt
T1026726\52948332\2
NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
SILVER X MINING CORP.
Suite 1430 – 800 West Pender Street, Vancouver, B.C. V6C 2V6
SILVER X COMPLETES SETTLEMENT OF ROYALTY DEBT
Vancouver, B.C., August 24, 2022 - SILVER X MINING CORP. (TSX -V: AGX) (OTCQB: AGXPF)
(FRANKFURT: WPZ) (“Silver X” or the “Company”) is pleased to announce that it has completed the
debt settlement transaction announced in its news release of August 22, 2022.
The Company settled accrued royalties to June 30, 2022, and correspondent interest, payable to Maverix
Metals Inc. in the amount of CAD$540,377 by way of i ssuance of 1,801,256 common shares of the
Company (the “Shares”) at a deemed price of CAD$0.30 per Share.
The Shares are subject to a four month hold period which will expire on the date that is four months and
one day from the date of issue of the Shares.
About Silver X
Silver X is a Canadian silver mining company with assets in Peru. The Company’s flag ship asset is the
Tangana silver, gold, lead, zinc and copper project (the "Project") located in Huancavelica, Peru, 10 km
north-northwest of the Nueva Recuperada polymetallic concentrate plant. Founders and management
have a successful track record of increasing shareholder value. For more information visit our website at
www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. Garcia
CEO and Director
For further information, please contact:
Silver X Mining Corp.
José M. Garcia, CEO
+1 604 358 1382 | [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility f or the adequacy or accuracy of this
release.
T1026726\52948332\2
- 2 -
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 with respect to th e debt
settlement transaction of the Company.
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 mater ially 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 futur e 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.