CMX Announces Warrants Exercised, Debentures Converted and $0.25 Units Offering Proceeding
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 WARRANTS EXERCISED, DEBENTURES
CONVERTED AND $0.25 UNITS OFFERING PROCEEDING
Calgary, Alberta – April 1, 2026 -- CMX Gold & Silver Corp. ("CMX" or the “Company”) (CSE: CXC ; OTC:
CXXMF) announces the exercise of share purchase warrants (“Warrants”) and the conversion of debentures
(“Debentures”).
A total of 3,320,000 Warrants were exercised to purchase 3,320,000 common shares (“Shares”) of the Company
at a price of $0.10 per Share. The Warrants were issued under a private placement completed in 2021. Insiders
exercised 2,300,000 Warrants. Warrants for 1,520,000 Shares were exercised by the settlement of $152,000 of
debt. The cash proceeds of $ 180,000 from the exercise of Warrants for 1,800,000 Shares will be applied to
working capital.
Debentures aggregating $190,000 of principal were converted into 1,520,000 Shares at a conversion price of
$0.125 per Share. The Debentures were due March 31, 2027. Two insiders and three shareholders agreed to
convert the Debentures early.
Jan Alston, President & CEO of CMX stated: “The exercise of Warrants and conversion of Debentures
demonstrates the confidence of management, directors and supporting shareholders in CMX’s plan to advance
the Clayton Silver Project. This kind of support over the past decade has positioned the Company to capitalize
on the current precious metals bull market, which in our opinion is still in its early stages.”
CMX is proceeding with its previously announced non-brokered private placement financing for aggregate gross
proceeds of up to $2,000,000 (the “Offering”). The Offering is comprised of up to 8,000,000 units (“Units”) at $0.25
per Unit with each Unit consisting of one Share in the capital of the Company and one Warrant. Each Warrant is
exercisable for one Share at a price of $0.40 per share within 24 months of the closing of the 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 is targeting closing the first tranche of the Offering in
April 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.
The Clayton Silver Mine operated from 1935 to 1986 and was one of the most active underground mines in the
district. Recorded production totaled approximately 7.0 million ounces of silver, along with lead, zinc, copper, and
minor gold, from an estimated 2.15 million tonnes of ore. Underground development reached eight levels to 1,100
feet, with nearly 19,700 feet of workings, and partially mined two tabular ore bodies known as the South and North
Ore Bodies. (Hillman, Bob, M.S. Thesis, June 26, 1986, East ern Washington University). Mine records and
www.cmxgoldandsilver.com
historical drilling indicate that mineralization remains open to depth and along strike. Notably, drill hole 1501 -A
intersected 22 feet of high -grade polymetallic mineralization at approximately 1,425 feet, confirming continuity
below the deepest historic workings. CMX has determined that little modern geophysical work or systematic
exploration drilling was conducted during the mine’s operating life.
Technical and scientific information in this news release was reviewed and approved by Richard Walker, M.Sc.
(Geology), P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43 -101. Mr.
Walker is an independent consulting geologist. Readers are cautioned that historical information referenced in
this news release is not NI 43-101 compliant but has been obtained from sources that the Company believes are
reliable.
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
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 release, 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
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 d ocuments filed
by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents
are filed on www.sedarplus.ca and on the Company’s website, https://cmxgoldandsilver.com/. 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.