PPX Provides Construction Permitting Update

TORONTO, August 15, 2024 - PPX Mining Corp. (the "Company" or "PPX", including its Peruvian subsidiaries) is pleased to announced that yesterday it filed its response to the findings provided by the Peruvian permitting authority (GREMH) from its detail engineering permitting application to build a CIL and Flotation plant in the Callanquitas Mine, IGOR Project. This filing constitutes the final step in the GREHM to receive its construction permit.

On February 14, 2024, the Company received the initial approval from the GREMH of the amendment of its Environmental Impact Study required for plant construction (See February 15, 2024 press release).

John Thomas, CEO commented "We are very exited to be in the final stage of this permitting process. Following the approval of the detail engineering by the permitting authority in Peru, the Company will immediately start construction activities on site. Our processing plant will allow us to process oxides and sulphides from the Callanquitas Mine, producing dore bars and a very rich gold and silver concentrate that will start unlocking IGOR's value".

About PPX Mining Corp:

PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.

On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," "would" or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain any required regulatory approvals, if applicable. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

SOURCE: PPX Mining Corp.