Mr. John Thomas reports

PPX OBTAINS ENVIRONMENTAL IMPACT STUDY AMENDMENT APPROVAL FOR PLANT CONSTRUCTION

On Feb. 14, 2024, PPX Mining Corp., further to its press release dated Nov. 20, 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 regional management resolution No. 000082-2024-GRLL-GGR-GREMH, approving the amendment of the environmental impact study (EIAsd) for the Igor project beneficiation plant. This approval constitutes the acceptance of the F1 environmental portion of the permitting application that will allow the company to build its CIL (carbon-in-leach) and flotation processing plant at site. The company is in the process of submitting the final detail engineering portion (F2) to complete its permitting process and start plant construction.

John Thomas, chief executive officer, commented: "We are very pleased to receive the approval of the modification of our environmental impact study. This important milestone is within management expectations for obtaining the final permitting approval to start plant construction".

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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