Silver X Mining Corp. announced that it has appointed Francis Johnstone to the board of directors of the Company effective as of June 9, 2022. Mr. Johnstone was appointed pursuant to the terms of the agreement entered into in connection with the Debt Settlement, whereby the Company granted BSRT the right, among other things, for so long as BSRT and its affiliates together hold at least 10% of the issued and outstanding Shares (determined on a partially diluted basis), to designate one nominee for election or appointment to the Board.

Francis Johnstone has been an Investment Advisor to London Stock Exchange listed specialist resources Investment Company, BSRT, since its inception in 2010. Having trained in corporate finance and mergers and acquisitions at Citibank he entered the mining business in 1989 with Cluff Resources plc. Since that time, he has been active in the mining business as both an executive and non-executive director of a number of junior mining companies, listed and unlisted.

He is currently a non-executive director of Tungsten West PLC a mining company quoted on the AIM market of the London Stock Exchange, as well as a number of private companies in the BSRT portfolio.