ORO X MINING CORP. (‘Oro X’ or the ‘Company’) and Mines and Metals Trading (Peru) PLC (‘MMTP’, also commercially known as ‘Latitude Silver’) announced the signing of a business combination agreement (the ‘Business Combination Agreement’). Pursuant to the Business Combination Agreement, Oro X will acquire 100% of the issued and outstanding shares of MMTP (the ‘Transaction’). On closing of the Transaction, Luis Zapata is expected to resign as Chief Executive Officer and Mr. García Jimenez will become Oro X's Chief Executive Officer.