Silver X Mining Corp. provided an update for the Tangana Mining Unit ("Tangana") at the Company's Nueva Recuperada project in Huancavelica, Peru. Tangana encompasses 6 principal polymetallic veins that together host an estimated 4,840,015 tonnes of inferred resource grading 116.33 g/t Ag, 3.35% Pb and 1.63% Zn1. Silver X geologists have identified a further 5 potentially economically mineralized veins. In total, the targeted veins identified within the Tangana vein field cover more than 11 kilometres in combined length. Historical production of polymetallic ore from 1959 to 1976 totalled 269,129 tonnes and was halted due to poor metal prices. Tangana covers some 4,500 ha of prospective silver-polymetallic ground and provides feed to the Recuperada plant which resumed processing material in 2019, has a capacity of 210,000 tpa and has sold USD $6.5M of polymetallic concentrate in H1-2021 YTD in this mine preparation phase; offsetting most of the exploration and corporate costs to date. The Company has initiated a 25,000- metre drill programme (announced July 19, 2021) of which 9,700 metres are aimed at expanding knowledge on and upgrading the quality of the Tangana inferred resource. Silver X also plans to boost underground mine infrastructure development in potentially economic silver-polymetallic mineralization at Tangana Mining Unit. Silver X initiated a permitting process in Second Quarter to upgrade the plant's capacity from 600 tpd to 720 tpd; with approval expected in third quarter. At an appropriate time upon completion of the Company's programmed resource evaluation activities which include underground drilling and bulk sampling, an updated Silver X NI 43-101 technical report will be released. Silver X has budgeted more than 2,300 m of underground development in Tangana in combination with the drilling program. In addition to the 3 veins currently being developed for mining, 8 additional historically known polymetallic veins occur. This system of subparallel and conjugate veins covers a WNW-trending belt that is some 3,500 meters wide. The sum of strike for known Tangana veins covers more than 11 km in total, with the longest single vein, Cauca, being 2.2 kilometres long. In the eastern portion of Tangana's `San Antonio' vein, the polymetallic and silver veins are hosted in carbonates where mineralized structures average 4-metre in width, with an average grade of 218.97 g/t AgEq4. In the volcaniclastic-dominated western portion, this vein is on average 1.5 metres in width. Some key veins at the Tangana mining unit include: Underground infrastructure currently being developed: Tangana 1,2: 1.0 m average width, 1.7 kilometre long, average grade of 286.71g/t AgEq5. San Antonio (sub-parallel to Tangana and located 2.5 kilometres to the NE): 2.5-4.0 metre average width of mineralized structure, 2.4 kilometres long, grading up to 218.97 g/t AgEq6. Next veins to be considered for development of underground infrastructure: Cauca (sub-parallel to Tangana and located 400 metres to the NE): 1.1 m average width, 2.2 kilometres long, average grade of 306.67g/t AgEq7. Positivas (sub-parallel to San Antonio and located 200 metres to the ESE): 1.0 metre. average width, 0.3 kilometres long. Morlupo (sub-parallel to Tangana and located 200 metres to the NW): 1.6 metre average width, 0.4 kilometres long. Gaby (sub-parallel to Tangana and located 400 metres to the SW): 0.8 metre average width, 1.0 kilometres long. Las Animas (aligned almost E-W at some 25° to the Tangana system and located 500 metres to the WNW): 1.2 metre average width, 1.5 kilometres long.