Mr. John Thomas reports

PPX SUCCESSFULLY COMPLETES FIRST STAGE OF PERMIT APPLICATION AMENDMENT AND APPOINTS ENGINEERING FIRM

PPX Mining Corp., further to its news release dated Sept. 11, 2023, through one of its Peruvian subsidiaries, has successfully completed the filing of the F1 environmental permit application amendment before the GREMH-LL (Gobierno Regional de Mineria e Hidrocarburos de la Libertad, Peru) to obtain environmental approval and be able to request the final construction permit (F2 technical file).

In addition, the company has appointed JPC Estructuras y Concreto S.A.C. (JPC), a Peruvian firm with vast experience in the construction of beneficiation plants in Peru. JPC will complete the detail engineering of the CIL (carbon-in-leach) and flotation plant, which will, serve among other things, to complete the F2 technical file portion of the permit application amendment.

John Thomas, chief executive officer, commented: "Following the completion of the environmental portion of permit amendment application, we are on track at this time with our permitting objectives. We expect JPC to complete its task during October, so we can finish the last portion of our permit amendment application that will allow us to initiate construction activities."

About PPX Mining Corp.

PPX Mining is a Canadian-based mining company with assets in northern Peru. Igor, the company's 100-per-cent-owned flagship gold and silver project, is located in the prolific northern Peru gold belt in eastern La Libertad department.

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