Mr. Jose Garcia reports

SILVER X DELIVERS PRODUCTION GROWTH DURING THE FOURTH QUARTER OF 2025

Silver X Mining Corp. has released its operating results for the fourth quarter ended Dec. 31, 2025, at the company's Nueva Recuperada property in Peru.

Q4 2025 production highlights:

• Processed tonnage increased to 41,635 tonnes in Q4 2025, up from 33,505 tonnes in third quarter 2025, representing a 24-per-cent quarter-over-quarter increase.
• Silver equivalent ounces processed rose to 266,995 ounces in Q4 2025, compared with 227,315 oz in Q3 2025 -- a 17-per-cent sequential improvement -- driven primarily by higher throughput while maintaining consistent head grades.
• The increase in silver equivalent ounces was achieved despite higher average silver prices in Q4 2025, which averaged approximately $55 (U.S.) per ounce compared with $40 (U.S.) per oz in Q3 2025, demonstrating operational stability and grade consistency.
• Gold production increased to 667 ounces in Q4 2025, up from 398 ounces in Q3 2025, representing a 67-per-cent quarter-over-quarter increase.

"This quarter marks an important step forward in Silver X's operational ramp-up," said Jose M. Garcia, chief executive officer of Silver X. "We delivered strong sequential growth in throughput and production while maintaining grade consistency, validating the investments we've made in development and operational co-ordination. The increase in gold production further strengthens our revenue mix and cash flow profile. As we continue to open new mining fronts and advance our 40,000-metre drilling program, we are positioning Nueva Recuperada for sustained production growth and meaningful district-scale value creation."

The strong performance in Q4 2025 reflects Silver X's continuing focus on increasing mining and processing capacity, improving mine access and development, and executing on its operational growth strategy at Nueva Recuperada. Continued investment in underground development, combined with improved operational co-ordination, has positioned the company for further production growth in coming quarters.

The company's previously announced 40,000-metre drilling program, together with sustained development of new mining fronts, is expected to support both near-term production growth and longer-term resource expansion across the district.

Qualified person

A. David Heyl, BSc, CPG, who is a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release for Silver X. Mr. Heyl is a consultant for Silver X.

Cautionary note regarding production without mineral reserves

The decision to commence production at the Nueva Recuperada project and the company's continuing mining operations as referenced herein are based on economic models prepared by the company in conjunction with management's knowledge of the property and the existing estimate of mineral resources on the property. The production decision and operations are not based on a preliminary economic assessment, a prefeasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the production decision and operations, in particular: the risk that mineral grades will be lower than expected; the risk that additional construction or continuing mining operations are more difficult or more expensive than expected; and production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis in accordance with NI 43-101.

About Silver X Mining Corp.

Silver X 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 unit is scaling alongside the planned restart of the Plata mine, supporting a path to approximately six million silver equivalent 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.

We seek Safe Harbor.