Mr. Brian Imrie reports

PPX MINING ANNOUNCES PRIVATE PLACEMENT FOR UP TO C$1.35 MILLION

PPX Mining Corp. intends to complete a non-brokered private placement for aggregate gross proceeds of up to $1.35-million.

The offering involves the sale of up to 30 million units at a price of 4.5 cents per unit for gross proceeds of up to $1.35-million. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at a price of seven cents for a period of 24 months from the date of closing. The company intends to use the proceeds from the offering to finance further exploration in surrounding areas of hole CA-24-07 of Callanquitas East at the Igor project and for working capital. As mentioned in the March 7, 2024, press release, results from this hole delivered up to 33.08 grams per tonne gold, 8174.2 g/t silver and 13.1 per cent copper.

The closing of the offering is expected to occur on or before April 30, 2024, and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The common shares, warrants and any common shares issued on the exercise of warrants sold in the offering, if issued within four months of the closing date, will be subject to a four-month hold period from the closing of the offering under applicable Canadian securities laws. The company reserves the right to increase or decrease the size of the offering, subject to the approval of the TSX Venture Exchange. Finder's fees may be payable to arm's-length finders in connection with the offering.

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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