Mr. Brian Imrie reports

PPX SUBSCRIBES DEFINITIVE AGREEMENT FOR A US$ 6 MILLION DEBT FACILITY

On Dec. 29, 2023, further to PPX Mining Corp.'s press release dated Sept. 20, 2023, the company and a major shareholder subscribed the definitive agreement for a $6-million (U.S.) debt facility to finance most of the capital cost for the CIL (carbon-in-leach) and flotation plant that the company intends to build in its Igor project, located in La Libertad, Peru. The plant will process oxides and sulphides currently mined from its high-grade Callanquitas mine, and other important satellite deposits that constitute part of the project in the near future. Terms and conditions are summarized in the initial news release.

Brian Imrie, executive chairman, commented: "We are delighted to conclude the definitive agreement with our largest shareholder to fund the construction of our processing plant. This major milestone will allow the company to process, at a very low cost, the ore extracted from its Igor project."

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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