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’). With a team led by CEO Jose Garcia, Executive Chairman Luis Zapata, and Lead Advisor Paul Matysek, Silver X will be Latin America's next low-cost silver producer. The combination of Oro X's and MMTP's teams, assets and operational experience creates a growth-focused platform primed to consolidate the fragmented Peruvian silver landscape. On closing of the Transaction, Oro X anticipates that two members of its current board of directors will resign and that José Maria García Jimenez and Sebastian Wahl will be appointed in their place to hold office until the next annual meeting of Oro X shareholders. The parties have also agreed to appoint a third director to be determined but is expected to be agreed upon as Mr. Mike Hoffman, the former Chairman of Trevali Mining. Luis Zapata is expected to be appointed as the Company's Executive Chairman. Mr. Wahl will become the Vice President of Corporate Development. Mr. García is a Mining Engineer with 17 years of experience across Peru, Chile, Australia, Spain and Switzerland; having worked for Anglo American, Inmet Mining and BHPB among others. Mr. García holds a MSc in Mining Engineering from Madrid Polytechnic University, a Master of Philosophy in Mineral Economics from the University of Queensland, Australia and is a Global Leadership Fellow from the World Economic Forum. He is currently a Director and Chief Executive Officer of MMTP and its operating subsidiary, Mines & Metals Trading (Peru) SAC (2016 - present). Sebastian Wahl is an executive with over a decade of experience in the investment industry, mining and commodities trading. He is currently a director of Mines & Metals Trading (Peru) SAC (2016 to present).