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AGX.V ·

Silver X Mining Announces Grant of Incentive Stock Options and Restricted Share Units

Share Capital & Compensation

SILVER X MINING CORP.

Suite 1012 – 1030 West Georgia Street | Vancouver, BC | V6E 2Y3

Silver X Mining Announces Grant of Incentive Stock Options

and Restricted Share Units

Vancouver, B.C., December 17, 2025 - SILVER X MINING CORP. (TSXV: AGX) (OTCQB: AGXPF) (F: AGX) ("Silver

X" or the " Company") announces that it has granted 450,000 restricted share units with a term of 1 year and

900,000 stock options to directors and officers of the Company, in accordance with the Company’s omnibus

incentive plan dated August 9, 2024. Each stock option will have an exercise price of C$0.79 and will have a term

of 6 years. The grant of the stock options and restricted share units is subject to TSX Venture Exchange approval.

About Silver X Mining Corp.

Silver X Mining Corp. 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 Un it 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

[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 for the adequacy or accuracy of this release.