Mr. John Thomas reports

PPX INITIATED UNDERGROUND DRILLING IN NEW AREAS OF CALLANQUITAS WEST OBTAINING UP TO 17.66 G/T AU OVER 0.9M IN CA-23-01

PPX Mining Corp. has commenced its 2,500-metre diamond drilling program in co-ordination with Proyectos la Patagonia SAC (PLP), a partner company. This drill program is carried out from inside the mine, and the intercepts at Callanquitas West from the first two drill holes are 2.55 metres grading 8.14 grams per tonne (g/t) gold (Au) in drill hole CA-23-01 and 1.15 metres grading 8.74 g/t Au in drill hole CA-23-04. Drill hole A-23-01 was oriented at north 280 degrees and dip minus-50 degrees, and drill hole CA-23-04 was oriented north 305 degrees dipping minus-25 degrees. The first two drill holes intersected four mineralized zones, as shown below in Table 1.

The drill holes intercepted the Callanquitas West structure and are located in the northern area of the historic drilling carried out in 2017. The location of these new intercepts is located more than 50 metres north of drill hole CA-12-67 and 50 metres below drill hole CA -17-91.

The intercepts from drill holes CA-23-01 and CA-23-04 confirmed the continuity of the mineralization, with high Au grade and silver (Ag) content of approximately two ounces per ton (oz/ton). These grades, shown in Table 1, demonstrate that mineralization extends and continues in this area.

Callanquitas West consists of several hydrothermal breccia events and faults that were mineralized at different stages, and includes quartz arenites, siltstones and dacites. The hydrothermal alteration is predominantly sericite-quartz in these rocks. The mineralization is drilled by the two drill holes (CA-23-01 and 04) and the mineralization is with iron oxides (FeOx). This FeOx is located in the matrix of this hydrothermal breccia and replaced by more than 20 per cent goethite and limonite, and, in addition, some sections are totally replaced by FeOx.

PPX, in co-ordination with PLP, agreed to carry out sampling of the mineralized areas of the structure with these drill holes in the current drilling program, and prioritized the Callanquitas breccia and adjoining host rock. Sampling in drill hole CA-23-01 is completed and drill hole CA-23-04 has sample results still pending.

In the longitudinal section, the company can observe that the mineralization north of Callanquitas West is open along strike and depth. Drill holes CA-23-01 and CA-23-04 demonstrate the objectives of intercepting mineralization in these drill holes, while providing information for planning the future holes in this area.

Core sampling and quality assurance/quality control (QA/QC) protocols

PPX geologists collect diamond drill core samples immediately following geological and geotechnical logging. Samples are collected based on natural fractures and their geological characteristics, based on their individual runs. Samples are separated by obvious geological boundaries such as rock types, mineralization styles and hydrothermal alteration associations. Samples are collected by cutting the core in half using a diamond saw. The second-half is retained for future review analysis, studies and reference. Samples are sealed, labelled and stored in a secure area before shipment to SGS laboratories in Trujillo-Lima, Peru. Gold and silver analyses are performed using a fire assay method with CN (hydrogen cyanide) solution. Blanks and standards are inserted approximately every 10 samples, and duplicate samples are included at similar intervals. Duplicate fire assay tests approximately every 30 samples are sent to a second laboratory for reanalysis. The gold equivalent is calculated as: AuEq equals Au g/t plus Ag g/t divided by 83.

John Thomas, chief executive officer of PPX Mining, commented: "Initial drilling results are very positive and support the view that Callanquitas West mirrors the high-grade Callanquitas East breccia zone, which has been mined successfully for the past four years, producing grades in excess of 10 g/t gold equivalent. Further drilling is in progress from underground and a drilling program from the surface targeting Callanquitas West is also planned."

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. PPX is pursuing a two-pronged strategy to further develop and explore the Igor project. The Callanquitas structure is open along strike and at depth. Parallel structures have not yet been explored. The new discoveries in Portachuelos in 2018, as well as the exploration targets in Domo and Tesoros, show that the Igor project is becoming a district-scale project with multiple deposits and mineralized zones. Evaluating mineral development alternatives in parallel with exploration drilling will provide dual catalysts for growth and increased shareholder value.

All scientific and technical information contained in this press release has been reviewed and approved by Eddy Canova, PGeo, external consulting geologist of PPX Mining, who is a qualified person within the meaning of National Instrument 43-101.

We seek Safe Harbor.