Solid results amid improving efficiencies and throughput while ramp up of production continues at
Nueva Recuperada
Vancouver, BC, May 11, 2023 – Silver X Mining Corp. (TSX-V: AGX) (OTCQB: AGXPF) (F: AGX) ("Silver X" or the
"Company") reports production results for the three months ended March 31, 2023, for the Company’s whollyowned Nueva Recuperada project in central Peru.
First Quarter 2023 Production Highlights
• Declared commercial production in January 2023 and returned to targeted throughput in January after
a period of social disruption in Peru.
• Total production of 282,687 silver equivalent (“AgEq”)
(2) ounces with an average head grade of 277 g/t
AgEq.
• Ramp up continues with record throughput of 17,239 tonnes at 575 tonnes per day in March 2023.
• Processed 265% more AgEq ounces in the first quarter (“Q1”) of 2023 as compared with Q1 2022,
equating to 358,727 AgEq ounces compared with 98,327 AgEq ounces, respectively.
“I am pleased to report positive momentum and strong operating performance in our first quarter of commercial production at Nueva Recuperada,” stated José M. García, President and CEO of Silver X. “Despite supply
shortages in the fourth quarter of 2022 due to road blockages in Peru, we achieved record performance in March of 17,500 tonnes processed at a rate of 575 tonnes per day. Throughput continues to increase along with
improved ore selectivity and stronger mine development translating into better head grades. These outcomes reflect Silver X's dedication to efficiency and signal the potential for positive results in future quarters.”

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