Silver X Mining Corp. announce results of a work program at the 1,000 ha Lily 19 mining concession (Lily 19). Lily 19 is 3.5 km from the Company's existing Tangana mine and contains the northern extension of the San Antonio vein.

The concession covers 1,000 ha (of which 769.6180 ha are effective after discounting the area overlapping third party properties with priority over the overlapped area), that includes 515 ha of limestones with Ag-Pb-Zn mineralization and 485 ha of intensely altered subvolcanic rocks with vein and disseminated precious metal mineralization potential. The observed Ag-Au-Pb-Zn mineralization may be associated with the San Antonio Vein that extends at least 2 km further into the Lily 19 mining concession. Historical workings along the San Antonio vein underground extend 500 meters from the Lily 19 mine portal.

Proximal to the main San Antonio vein, geological mapping has recently identified a Ag-Pb-Zn manto, which would be the first carbonate replacement deposit found in the Recuperada district. In the coming months at the Lily 19 concession, the Company is planning a short exploratory drill program to expand known mineralization at depth and to test additional zones of mineralization. Silver X is also planning a further surface sampling campaign that will step out from the west to test the precious metal potential on the advanced argillic altered subvolcanic rocks.

Lily 19 is held by Recuperada SAC, a wholly owned subsidiary of Silver X, pursuant to an earn-in option agreement executed with Minera Barrick Peru S.A. in 2021, an indirect wholly owned subsidiary of Barrick Gold Corp. "The extension of the San Antonio Vein and Manto towards the northwest gives the potential of a new economic area of the size and grades of other veins in the Tangana district as Tangana 1 or Cauca with also gold as an important by-product" stated Carlos Saban, Head of Exploration for Silver X.