Mr. John Thomas reports

PPX PROVIDES PERMITTING UPDATE FOR BENEFICIATION PLANT AT IGOR PROJECT

Further to its press release dated Sept. 14, 2023, PPX Mining Corp., on Oct. 25, 2023, received from the regional authority of the Energy and Mines Ministry of Peru or Gerencia Regional de Energia, Minas e Hidrocarburos de La Libertad (GREMH -- LL) the notification 002403-2023-GRLL-GGR-GREMH with its technical and legal findings to the company's initial filing related to the environmental portion of the permitting application to amend its existing construction permit to build its new beneficiation plant at the Igor project. The regional authority allowed the Company a 45-day remedy period to address its findings.

On November 17, 2023, PPX filed its response to the regional authority addressing the totality of its findings, expecting the approval before the end of the calendar year to the modification of its EIA. Immediately after receiving such approval the Company will file the last portion of the permitting process (F2) that contains the detail engineering for the new beneficiation plant.John Thomas, CEO commented "we are pleased to be on track on our permitting activities and expect to receive our final construction permit within the timing we initially expected".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 DirectorsJohn ThomasChief Executive Officer82 Richmond Street EastToronto, Ontario M5C 1P1Canada416-361-0737

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