PPX Starts Construction at the Igor Project and Provides Corporate Update

TORONTO, November 14, 2024 - PPX Mining Corp. (the "Company" or "PPX", including its Peruvian subsidiaries) is pleased to announce that construction of the CIL and Flotation plant at its Igor Project located in La Libertad, Peru, has started.

Yesterday, major components for the plant were ordered and are described as follows:

• Equipment for the crushing circuit, which includes primary jaw crusher, secondary cone crusher, vibrating screen and all conveyors.

• Equipment for the grinding circuit, which includes two ball mills, hydro-cyclones, pumps and a thickener.

• Equipment for the flotation circuit, which includes flotation cells, concentrate thickener and filter press.

Equipment for the leaching equipment is in the process of being ordered.

Additional detailed engineering has also begun, with a final review of the entire layout and geotechnical data, to be completed in the coming weeks by the EPC contractor, PPX professionals and a third party contractor.

Corporate Update

The Company informs that the private placement announced on June 17 and extended on July 31, 2024 expired.

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.