Mr. John Thomas reports

PPX MINING SETS NEW MONTHLY OPERATIONAL RECORD FOR 2025

September, 2025, delivered PPX Mining Corp.'s strongest monthly operational results of the year and the past 12 months, surpassing the previous record achieved in July, 2025, at its Callanquitas mine, operated by its mining partner, Proyectos La Patagonia SAC.

In September, 2025, the Callanquitas operation generated gross revenues of 13.09 million Peruvian new soles ($5.41-million) and pretax income of 6.41 million Peruvian new soles ($2.65-million), setting a new company record. As a result, PPX, through its Peruvian subsidiary, earned an NPI of 4.81 million Peruvian new soles ($1.99-million), marking the highest monthly NPI achieved to date.

Cumulative NPI earned by PPX for the 2025 calendar year through September now totals 16.46 million Peruvian new soles ($6.80-million), already exceeding the total earned during the same period in the prior year. This strong performance reflects the growing cash-generating capacity of the company's flagship Igor project.

On the development front, PPX continues to advance the construction of its carbon-in-leach and flotation plant, which is expected to materially reduce mining, transportation and processing costs once in operation. This key infrastructure investment is designed to enhance profitability and support increased production capacity, positioning PPX for its next phase of growth.

John Thomas, chief executive officer, commented: "September's record results are a clear demonstration of the strength and momentum of our Callanquitas operation. We are consistently setting new benchmarks, and, with our plant nearing completion, we expect further reductions in operating costs and increased production volumes. This is a pivotal moment for PPX as we move toward transforming operational success into sustained growth and long-term value creation for our shareholders."

We seek Safe Harbor.