Silver X Mining Corp. announced the signing of a 15-year social agreement with the Community of Carhuapata in Huancavelica in Peru. This in addition with the 12-year agreement with the Community of Huachocolpa signed on November 6, 2023.

This new social contract grants Silver X Mining access to the totality of the Plata Mining Area. Highlights of the Agreement: Duration: The 15-year agreement encompasses 100% of the project, providing ample area for the planned expansion and development activities. Exploration and Mining: Allows exploration and mining with no restriction within the area of the agreement.

Strong Support: The unanimous approval by Carhuapata's Community assembly highlights the strong social support to Silver X's activities in the district. Company's Development Strategy: Exploration Data: Consisting of a historical mining area, Silver X has compiled geological information from approximately 30,0000 meters of existing drill core and 8,000 meters of underground samples. High-grade veins: historical data shows the existence of several high-grade silver and polymetallic veins, some of which were subject to mining in the past century.

Upcoming Resource: The Company anticipates producing a resource update before the end of 2024. District Scale Development: This new development area is expected to boost Silver X's resource development and mining activities to the full district potential. The Plata mining area is a part of the Nueva Recuperada Silver District and is a significant component of Silver X Mining's growth strategy.

This area spans over 3,829 hectares and includes 17 surface-exposed mineralized veins, offering substantial exploration potential. Historical data indicate rich silver-polymetallic deposits, with a non-compliant historical inferred resource of 448,812 tonnes grading 220.81 g/t Ag, 2.55% Pb, and 4.58% Zn.