CALGARY, ALBERTA – CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) (“CMX” or the “Company”) has entered into an agreement with Manuel Aldea to manage Promotional Activities for CMX. The Promotional Activities to be undertaken by Mr. Aldea will include revising the Issuer’s branding in its marketing materials and website and creating Search Engine Optimization to increase organic reach of the Issuer on social media platforms.
Mr. Aldea is an independent contractor based in Calgary, Alberta and can be reached at aldeamediaproductions@gmail.com or (403) 454-3663. The agreement is for a term of two years, unless after six months either party terminates the contract on 30 days’ written notice. Mr. Aldea will be paid approximately $3,000 per month to a maximum of $60,000 over the two-year term of the agreement. As additional consideration under the Promotional Activities agreement, the Company has granted Mr. Aldea options under its stock option plan for the purchase of 300,000 common shares of CMX at a price of $0.10 per share, exercisable during the two-year period of the agreement. The first 150,000 options will vest on the first day of the agreement and the second 150,000 options will vest on the one-year anniversary of the date of the agreement. A consultant has exercised stock options for the purchase of 91,500 common shares of CMX at a price of $0.10 per share. In addition, the Company’s CFO has exercised 200,000 share purchase warrants at $0.10 per share and the spouse of the CEO has exercised 100,000 share purchase warrants exercisable at $0.10 per share.
For further information contact:
Robert d’Artois
Investor Relations
Tel: (604) 329-0845
Email bobdartois@cmxgoldandsilver.com
Jan M. Alston
President & C.E.O.
Tel: (403) 457-2697
Email: janalston@cmxgoldandsilver.com
You can also visit the Company’s Website: www.cmxgoldandsilver.com
Forward-Looking Statements Advisory This news release contains statements concerning the exploration plans, results and potential for recovery from the stockpile and other mineralization at the Company’s Clayton Silver Property, geological and geometrical analyses of the stockpile and comparisons to historical production and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of ore sorting or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Although CMX believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by CMX and described in the forward-looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological interpretation and analysis of the ore sorting results, the ability of CMX to recover all or any portion of the mineralization present in the stockpile, the extent to which the samples represent a uniform distribution of the recoverable ore in the stockpile, CMX’s ability to exploit the stockpile economically, the likelihood of exploiting the stockpile in a timely manner or at all, CMX’s ability to obtain financing, equipment, supplies and qualified personnel necessary to exploit the stockpile and the general risks and uncertainties involved in mineral exploration and analysis. The forward-looking statements or information contained in this news release are made as of the date hereof and CMX undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.