Promotional Activities, Options, Warrants
P.O. Box 74113
CMX GOLD & SILVER CORP.
wholly-owned subsidiary: CMX Gold & Silver (USA) Corp.
CSE:CXC OTC:CXXMF
P.O. Box 74113
148 – 555 Strathcona Blvd. SW
Calgary, Alberta
Canada T3H 3B6
Telephone: (403) 457- 2697
CMX ANNOUNCES PROMOTIONAL ACTIVITIES CONTRACT,
GRANT AND EXERCISE OF OPTIONS, EXERCISE OF WARRANTS
October 24, 2023
CALGARY, ALBERTA – CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) (“CMX” or the “Company” )
has entered into an agreement with Manuel Aldea to manage Promotional Activities for CMX. The
Promotional Activities to be undertaken by Mr. Aldea will include revising the Issuer’s branding in its
marketing materials and website and creating Search Engine Optimization to increase organic reach of the
Issuer on social media platforms.
Mr. Aldea is an independent contractor based in Calgary, Alberta and can be reached at
[email protected] or (403) 454-3663. The agreement is for a term of two years, unless after
six months either party terminates the contract on 30 days’ written notice. Mr. Aldea will be paid
approximately $3,000 per month to a maximum of $60,000 over the two -year term of the agreement. As
additional consideration under the Promotional Activities agreement, the Company has granted Mr. Aldea
options under its stock option plan for the purchase of 300,000 common share s of CMX at a price of $0.10
per share, exercisable during the two-year period of the agreement. The first 150,000 options will vest on
the first day of the agreement and the second 150,000 options will vest on the one -year anniversary of the
date of the agreement.
A consultant has exercised stock options for the purchase of 91,500 common shares of CMX at a price of
$0.10 per share. In addition, the Company’s CFO has exercised 200,000 share purchase warrants at $0.10
per share and the spouse of the CEO has exercised 100,000 share purchase warrants exercisable at $0.10
per share.
About the Clayton Silver Project
CMX’s 100%-owned Clayton Silver Property is in Custer County, south-central Idaho, a mining-friendly state. The
1,131-acre property includes the former Clayton silver-lead-zinc mine on patented claims. The Clayton Mine was
developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of
underground development. Two major ore bodies were partially mined: the “South Ore Body” and the “North Ore
Body”.
Recorded production from the Clayton Min e included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs
zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between
1934 and 1985 (Hillman, Bob, M.S. Thesis, June 26, 1986, Eastern Washington Un iversity).
Very little exploration has been carried out previously on the property. Significant potential is demonstrated in
hole 1501-A, drilled in the mid -1960’s, which penetrated the mineralized zone at 1,425 feet. At that depth, the
hole intercepted 22 feet of mineralization grading 4.07 oz (126 g/t) Ag, 5.75% lead and 5.37% zinc (note: true
width is unknown).
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. 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.
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]
Jan M. Alston, President & C.E.O. at (403) 816-6974 or (403) 457-2697 [email protected]
You can also visit the Company’s Website: www.cmxgoldandsilver.com
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential for recovery from the stockpile and
other mineralization at the Company’s Clayton Silver Property, geological and geometrical analyses of the stockpile and
comparisons to historical production and other expectations, plans, goals, objectives, assumptions, information or statements about
future, conditions, results of ore sorting or performance that may constitute forward -looking statements or information under
applicable securities legislation. Such forward -looking statements or information are based on a number of assumptions, which
may prove to be incorrect.
Although CMX believes that the expectations reflected in such forward -looking statements or information a re reasonable, undue
reliance should not be placed on forward -looking statements because the Company can give no assurance that such expectations
will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections
that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by
CMX and described in the forward -looking statements or information. These risks and uncertainties include, but are not limited
to, risks associated with geological interpretation and analysis of the ore sorting results, the ability of CMX to recover al l or any
portion of the mineralization present in the stockpile, the extent to which the samples represent a un iform distribution of the
recoverable ore in the stockpile, CMX’s ability to exploit the stockpile economically, the likelihood of exploiting the stockpile in a
timely manner or at all, CMX’s ability to obtain financing, equipment, supplies and qualified personnel necessary to exploit the
stockpile and the general risks and uncertainties involved in mineral exploration and analysis. The forward-looking statements or
information contained in this news release are made as of the date hereof and CMX undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless
so required by applicable securities laws.