CMX Gold & Silver Corp. Exercises Warrants and Converts Debentures, Strengthening Position in Precious Metals Market

CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) announced that a total of 3,320,000 warrants were exercised for the purchase of 3,320,000 common shares at $0.10 per share, and debentures aggregating $190,000 of principal were converted into 1,520,000 shares at a conversion price of $0.125 per share. The transactions generated cash proceeds of $180,000 from warrant exercises, applied to working capital, while $152,000 of debt was settled through share issuance.

Jan Alston, President and CEO of CMX, noted that this milestone demonstrates the confidence of management, directors, and supporting shareholders in the company's plan to advance the Clayton Silver project. The company is positioned to capitalize on the current precious metals market with a strengthened balance sheet and reduced debt.

The Clayton Silver Mine, located in Idaho, is a historic silver producer. CMX is focused on exploration and development of this asset. The recent capital infusion will support ongoing efforts to advance the project.

For more information on CMX Gold & Silver Corp., visit the company's newsroom at https://ibn.fm/CXXMF. Additional details on the warrant and debenture conversions can be found at https://ibn.fm/C4Sni.

The exercise of warrants and conversion of debentures underscore the support CMX has received over the past decade and positions the company to take advantage of favorable market conditions for precious metals.