CMX Gold & Silver Corp. Announces Private Placement Financing

Calgary, Alberta — January 13, 2026 — Leads & Copy — CMX Gold & Silver Corp. (CSE: CXC; OTC: CXXMF) has announced its intention to undertake a non-brokered private placement financing to raise gross proceeds of up to $2,000,000.

The offering will consist of up to 8,000,000 units at a price of $0.25 per unit. Each unit will include one common share of the company and one common share purchase warrant. Each warrant can be exercised to purchase one common share at $0.40 per share within 24 months of the offering's closing.

The company intends to use the proceeds from the offering for a geophysical survey and an initial diamond drilling program at CMX’s Clayton Silver Project in Idaho, U.S.A.

The units will be offered to “accredited investors” and other exempt parties, in compliance with exemptions from prospectus requirements under Canadian securities laws. The company may also pay finders’ fees to third parties involved in the offering.

Securities issued under the offering will be subject to resale restrictions for four months and a day from the closing date. CMX anticipates the closing of the offering in February 2026.

The Clayton Silver Project, CMX’s flagship asset, is located in the Bayhorse Mining District of central Idaho, approximately 30–40 kilometers south-southwest of Challis. The property includes a 1,028-acre land package, comprising 29 patented mining claims and two patented mill sites (approximately 562 acres) and 20 unpatented claims (approximately 466 acres). The patented claims provide surface ownership rights, do not carry government royalties, and do not require drilling permits.

CMX plans to conduct a comprehensive geophysical program over the historic mine and surrounding structures starting in spring 2026. The program will include a 3-D Direct Current Induced Polarization (DCIP) survey and a Magnetotelluric (MT) survey. The surveys aim to delineate known structures, identify extensions of partially mined ore bodies, and assess deeper sources of mineralization. Follow-up diamond drilling is planned to test priority targets.

The securities sold in connection with the Offering will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.

Robert d’Artois, Investor Relations at (604) 329-0845 bobdartois@cmxgoldandsilver.com

Jan M. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com

Source: CMX Gold & Silver Corp.