Mr. Jan Alston reports

CMX APPOINTS VP EXPLORATION, GRANTS OPTIONS

CMX Gold & Silver Corp. has appointed Rick Walker as vice-president, exploration, effective immediately.

Jan Alston, chief executive officer of CMX, stated: "We're excited to strengthen our executive leadership team with the addition of Rick Walker. He has been CMX's consulting geologist for the past 10 years and completed a comprehensive analysis of the historical data for the Clayton silver mine, gaining a deep understanding of the project's potential for significant resources. His professional experience will support development of the Clayton silver project as the company conducts the first-ever geophysical program over the property, to be followed up with an extensive drilling program."

Mr. Walker attended the University of Calgary, where he obtained his BSc (geology) in 1986 and his MSc (geology) in 1989. He is a professional geologist registered with Engineers and Geoscientists British Columbia. Mr. Walker has over 35 years of practical field experience working on a variety of projects in Canada, the United States and South America with Canadian organizations of all sizes, from junior to major mining companies, both private and public. His primary role has been management of exploration programs for precious metals (with an emphasis on silver) and base metals.

Pursuant to the stock option plan, the company has issued 400,000 options to Mr. Walker, exercisable at 27 cents per share. The options have a term of five years and will vest one-third immediately and another one-third on each of the first and second anniversaries of the grant date.

The Clayton silver property

The Clayton silver project is CMX's 100-per-cent-owned flagship asset, located in the Bayhorse mining district of central Idaho, approximately 30 to 40 kilometres 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.

Commencing Sept. 7, 2026, a comprehensive geophysical program will be conducted 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 intended to delineate known and new vein structures, identify extensions of partially mined orebodies, 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 totalled 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 orebodies known as the South and North orebodies (Bob Hillman, MS thesis, June 26, 1986, Eastern Washington University). Mine records and 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, MSc (geology), PGeo, recognized as a qualified person under the guidelines of National Instrument 43-101. Mr. Walker is vice-president, exploration, of CMX and previously was its 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.

We seek Safe Harbor.