Vancouver, B.C., December 29, 2022 - SILVER X MINING CORP. (TSX-V: AGX) (OTC QB:
AGXPF) (F: WPZ) ("Silver X" or the "Company"), would like to provide an operational update in light of recent political developments in Peru. The company’s Nueva Recuperada operation in the Department of Huancavelica, and other assets throughout the country, remain safe and secure. Recent demonstrations have been localized on other areas of the country and have not impacted the security of our projects or workforce. Due to some disruptions in the supply chain, the company has slowed down production while
ensuing logistical challenges are addressed. It is expected that operations will return to full capacity within the first two weeks of January 2023.The company is continuing to actively evaluate developments and will provide timely updates as warranted.

About Silver X
Silver X is a Canadian silver mining company with assets in Peru. The Company’s flagship asset is the
Tangana silver, gold, lead, zinc, and copper project (the "Project") located in Huancavelica, Peru, 10 km
north-northwest of the Nueva Recuperada polymetallic concentrate plant. Founders and management
have a successful track record of increasing shareholder value. For more information visit our website at
www.silverxmining.com