CMX Announces Private Placement

(TheNewswire)

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OR FOR DISSEMINATIONIN THE UNITED STATES

Calgary, Alberta – January 13, 2026– TheNewswire - CMX Gold & Silver Corp.("CMX" or the “Company”) (CSE: CXC; OTC: CXXMF)announces that it intends to undertake anon-brokered private placement financing for aggregate gross proceedsof up to $2,000,000 (the “Offering”).

The Offering will be comprised of up to 8,000,000 units(“Units”) at $0.25 per Unit with each Unit consisting of onecommon share in the capital of the Company (a “Common Share”) andone Common Share purchase warrant (a “Warrant”).  Each Warrant isexercisable for one Common Share at a price of $0.40 per share within24 months of the closing of this Offering.  Proceeds from theOffering will be used for a geophysical survey and an initial diamonddrilling program on CMX’s Clayton Silver Project in Idaho,U.S.A.

The Units will be sold to “accredited investors”and other exempt parties pursuant to exemptions from prospectusrequirements under Canadian securities laws.  The Company may payfinders’ fees to third parties in connection with theOffering.

Securities issued under the Offering are subject torestrictions on resale for a period of four months and a day from thedate of closing.  The Company anticipates closing the Offering inFebruary 2026.

The Clayton SilverProperty

The Clayton Silver Project is CMX’s 100%-ownedflagship asset, located in the Bayhorse Mining District of centralIdaho, approximately 30–40 kilometers south-southwest of Challis. The property comprises a 1,028-acre land package, including 29patented mining claims and two patented mill sites (approximately 562acres) and 20 unpatented claims (approximately 466 acres).  Thepatented claims provide surface ownership rights, carry no governmentroyalties, and do not require drilling permits.

Beginning in spring 2026, CMX plans to conduct acomprehensive geophysical program over the historic mine andsurrounding structures, including a 3-D Direct Current InducedPolarization (DCIP) survey and a Magnetotelluric (MT) survey.  Thesesurveys are intended to delineate known structures, identifyextensions of partially mined ore bodies, and evaluate deeper sourcesof mineralization, with follow-up diamond drilling planned to testpriority targets.

None of the securities sold in connection with the Offering will beregistered under the United States Securities Act of 1933, as amended,and no such securities may be offered or sold in the United Statesabsent registration or an applicable exemption from the registrationrequirements. This news release shall not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in any jurisdiction in which such offer, solicitationor sale would be unlawful.

The CSE has not reviewed and does notaccept responsibility for the adequacy or accuracy of this newsrelease.

For further information contact: Robert d’Artois,Investor Relations at (604) 329-0845 bobdartois@cmxgoldandsilver.com or JanM. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com.

You can also visit the Company’s Website: www.cmxgoldandsilver.com  

Cautionary Statement RegardingForward-Looking Information

Certain information contained in this news releaseconstitutes “forward-looking information” or “forward-lookingstatements” (collectively, “forward-looking information”).Without limiting the foregoing, such forward-looking informationincludes statements regarding the process and completion of theOffering, the use of proceeds of the Offering and any statementsregarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”,“could”, “will”, “likely”, “believe”, “expect”,“anticipate”, “intend”, “plan”, “estimate” and similarwords and the negative form thereof are used to identifyforward-looking information.  Forward looking information should notbe read as guarantees of future performance or results, and will notnecessarily be accurate indications of whether, or the times at or bywhich, such future performance will be achieved.  Forward-lookinginformation is based on information available at the time and/or theCompany management’s good faith belief with respect to future eventsand is subject to known or unknown risks, uncertainties, assumptionsand other unpredictable factors, many of which are beyond theCompany’s control.  For additional information with respect tothese and other factors and assumptions underlying the forward-lookinginformation made in this news release, see the Company’s most recentManagement’s Discussion and Analysis and financial statements andother documents filed by the Company with the Canadian securitiescommissions and the discussion of risk factors set out therein.  Suchdocuments are available at www.sedarplus.ca under theCompany’s profile and on the Company’s website, https://cmxgoldandsilver.com/home.   The forward-looking information set forth hereinreflects the Company’s expectations as at the date of this newsrelease and is subject to change after such date. The Companydisclaims any intention or obligation to updateor revise any forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required bylaw.

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