Mr. Brian Imrie reports

PPX MINING ANNOUNCES TOTAL SUBSCRIPTION AMOUNT FOR PRIVATE PLACEMENT

PPX Mining Corp.'s recently upsized private placement has been oversubscribed. Further to its Aug. 29, 2025, news release in which the company increased the size of its continuing non-brokered private placement due to strong investors demand, the company has determined that the total amount of the offering will consist in the issuance of 22,434,813 units for gross proceeds of $2,580,004.

The offering, which is now fully subscribed beyond the increased amount, consists of 22,434,813 units priced at 11.5 cents per unit, for aggregate gross proceeds of $2,580,004. Each unit comprises one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 14 cents for a period of 24 months following the closing date.

The company intends to use the proceeds from the offering to advance continuing exploration at the Mina Callanquitas project and for general working capital purposes.

Closing of the offering is expected to occur on or before Sept. 30, 2025, and remains subject to completion of customary documentation and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The common shares, warrants and any common shares issued upon the exercise of warrants will be subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws. Finders' fees may be payable to qualified arm's-length parties 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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