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CXC.CN ·

Cmx Announces Private Placement

Financings Corporate Updates

www.cmxgoldandsilver.com

P.O. Box 74113

148 – 555 Strathcona Blvd. SW

Calgary, Alberta, Canada T3H 3B6

Tel: (403) 457-2697

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

CMX ANNOUNCES PRIVATE PLACEMENT

Calgary, Alberta – January 13, 2026 -- CMX Gold & Silver Corp. ("CMX" or the “Company”) (CSE: CXC ;

OTC: CXXMF) announces that it intends to undertake a non -brokered private placement financing for aggregate

gross proceeds of up to $2,000,000 (the “Offering”).

The Offering will be comprised of up to 8,000,000 units (“Units”) at $0.25 per Unit with each Unit consisting of one

common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a

“Warrant”). Each Warrant is exercisable for one Common Share at a price of $0. 40 per share within 24 months

of the closing of this Offering . Proceeds from the Offering will be used for a geophysical survey and an initial

diamond drilling program on CMX’s Clayton Silver Project in Idaho, U.S.A.

The Units will be sold to “accredited investors” and other exempt parties pursuant to exemptions from prospectus

requirements under Canadian securities laws. The Company may pay finders’ fees to third parties in connection

with the Offering.

Securities issued under the Offering are subject to restrictions on resale for a period of four months and a day

from the date of closing. The Company anticipates closing the Offering in February 2026.

The Clayton Silver Property

The Clayton Silver Project is CMX’s 100%-owned flagship asset, located in the Bayhorse Mining District of central

Idaho, approximately 30 –40 kilometers south -southwest of Challis. The property comprises a 1,028 -acre land

package, including 29 patented mining claims and two patented mill sites (approximately 562 acres) and 20

unpatented claims (approximately 466 acres). The patented claims provide surface ownership rights, carry no

government royalties, and do not require drilling permits.

Beginning in spring 2026, CMX plans to conduct a comprehensive geophysical program over the historic mine

and surrounding structures, including a 3 -D Direct Current Induced Polarization (DCIP) survey and a

Magnetotelluric (MT) survey. These surveys are in tended to delineate known structures, identify extensions of

partially mined ore bodies, and evaluate deeper sources of mineralization, with follow-up diamond drilling planned

to test priority targets.

None of the securities sold in connection with the Offering will be registered under the United States

Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States

absent registration or an applicable exemption from the registration requirements. This news release shall

not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the

securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news

release.

For further information contact: Robert d’Artois, Investor Relations at (604) 329-0845

[email protected] or Jan M. Alston, President & C.E.O. at (403) 457-2697

[email protected].

You can also visit the Company’s Website: www.cmxgoldandsilver.com

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release constitutes “forward -looking information” or “forward -looking statements”

(collectively, “forward -looking information”). Without limiting the foregoing, such forward -looking information includes

statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements

regarding the Company’s business plans, expectations and objectives. In this news rel ease, words such as “may”, “would”,

“could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form

thereof are used to identify forward -looking information. Forward looking information should not be read as guarantees of

future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such

www.cmxgoldandsilver.com

future performance will be achieved. Forward-looking information is based on information available at the time and/or the

Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties,

assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information

with respect to these and other factors and assumptions underlying the forward-looking information made in this news release,

see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed

by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents

are available at www.sedarplus.ca under the Company’s profile and on the Company’s website,

https://cmxgoldandsilver.com/home. The forward-looking information set forth herein reflects the Company’s expectations as

at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation

to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other

than as required by law.