Silver X Mining Corp. announced its operating results for the fourth quarter of 2022 and second half ended December 31, 2022. For the second half, Half year silver equivalent(1) (AgEq) head grade of 422 AgEq g/t in the second half of 2022 ("H2"); Processed 181% more AgEq ounces in H2 2022 than H2 2021, 874,662 oz AgEq versus 311,249 oz AgEq; Produced 159% more AgEq ounces in the H2 2022 than H2 2021, 673,458 oz AgEq versus 260,153 oz AgEq.

For the fourth quarter 2022, Quarterly AgEq head grade of 367 g/t AgEq in Fourth Quarter 2021 Processed 114% more AgEq ounces in the Fourth Quarter 2022 than Fourth Quarter 2021, 393,622 oz AgEq versus 184,332 oz AgEq Produced 101% more AgEq ounces in Fourth Quarter 2022 than Fourth Quarter 2021, 302,386 oz AgEq versus 150,440 oz AgEq Continued quarter over quarter improvements in tonnes mined and processed.