Appointment of Brian Imrie as Executive Chairman, Appointment of Fernando Pickmann as Director and the Grant of Stock Options
_____________________________________________________________________________________
NEWS RELEASE TSX.V PPX; BVL PPX
Appointment of Brian Imrie as Executive Chairman, Appointment of
Fernando Pickmann as Director and the Grant of Stock Options
Vancouver, British Columbia – September 29, 2022 – PPX Mining Corp. (the " Company " or “ PPX ”)
announces the appointment of Mr. Brian Imrie as Executive Chairman of PPX from his current position of
Chairman, effective immediately. As part of the Co mpany’s growth plans, Mr. Imrie will assume a more
active role in PPX’s management decisions, assistin g the Company with the execution of short and long-
term goals. The Board of directors of PPX welcomes Mr. Imrie’s decision to accept this responsibility.
PPX also announces the appointment of Mr. Fernando Pickmann Dianderas as director of PPX, effective
immediately. Mr. Pickmann is a partner at Dentons G allo Barrios Pickmann in Peru, director of several
mining companies, professor at Universidad de Lima and holds a Master in Law from IE Madrid, Spain.
Brian Imrie, Executive Chairman commented: “We are delighted that Fernando Pickmann is joining the
PPX Board. Fernando brings many years of extensive experience in Peruvian corporate law, key local
relationships that will facilitate the execution of the Company’s plans and a solid knowledge of the Peruvian
mining industry. We welcome Fernando’s addition to our Board of directors.
Option Grant
The Board of directors of PPX has granted to directors and officers 15 million options to purchase the same
number of common shares in the capital of the Company. Each option is exercisable into one common share
at C$0.04 per share for a period of seven years fro m the date of grant. The options vest immediately a nd
are granted in accordance with the Company’s Stock Option Plan.
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, SSE: PPX, BVL: PPX) is a Canadian-based mining company with
assets in northern Peru. Igor, the Company’s 100%- owned flagship gold and silver project, is located in
the prolific Northern Peru gold belt in eastern La Libertad Department. PPX is operating the Callanquitas
Mine (“Mina Callanquitas”) exploiting high grade, u nderground-minable oxidized gold and silver ore.
Based on the Company’s Pre-Feasibility Study (“PFS” ), PPX expects the Callanquitas Mine to produce up
to 26,000 AuEq* ounces per year over a seven-year m ine life at cash cost of less than US$610/AuEq*
ounce (the Igor PFS is available on the Company’s website and SEDAR). Increasing metal prices and mine
productivity, coupled with superior toll milling co ntracts, have all contributed to the increasing rev enue
derived from operations at Mina Callanquitas. It sh ould be noted that the decision to commence mining
operations at Mina Callanquitas is based solely on the PFS referenced above, not a feasibility study. As
such, there is an increased uncertainty as to the s pecific economic outcome of the project and a simil ar
increase in the technical risk of failure associated with a production decision based solely on the PFS.
*AuEq is calculated as follows: AuEq ounces = Au ou nces + Ag ounces/75. Per PFS, inclusive of metallurgical
recovery.
Through Fiscal Q2 2022, Mina Callanquitas has produced over 174,099 tonnes of ore grading 9.65 gpt gold
and 97.5 gpt silver resulting in the production of 53,519 ounces of gold and 500,525 ounces of silver from
Page 2
the Mineral Reserves and Measured and Indicated Res ource at Mina Callanquitas as defined in the Igor
PFS. The mine currently produces at a rate of appro ximately 134 tonnes/day with ore being processed at
nearby toll milling facilities.
All scientific and technical information in this pr ess release has been reviewed and approved by Quent in
Browne M.Sc., a Certified Professional Geologist and a member of the American Institute of Professional
Geologists and is a Qualified Person as the term is defined in NI 43-101. Mr. Browne is an independent
consultant of PPX Mining Corp.
TSXV Disclaimer:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Directors
Brian Imrie
Executive Chairman
880-580 Hornby Street,
Vancouver, BC, V6C 3B6,
Canada
+1416-433-4664
Cautionary Statement:
This press release contains forward-looking informa tion and forward-looking statements (collectively,
“ forward-looking statements ”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding the resumption of trading on the Exchange. Forward-looking statements are
statements that relate to future events. In this context, forward-looking statements often address e xpected
future business and financial performance and often contain words such as "anticipate," "believe," "plan,"
"estimate," "expect," and "intend,", statements that an action or event " may," "might," "could," "should,"
or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number
of known and unknown risks and uncertainties, many of which involve factors or circumstances that are
beyond the Company’s control, and the Company’s act ual results could differ materially from those stated
or implied in forward-looking statements due to many various factors. Such uncertainties and risks include,
among others, delays in obtaining or inability to o btain required regulatory approvals in connection w ith
the resumption of trading on the Exchange; risks associated with the mining industry (including operational
risks in exploration development and production); delays or changes in plans with respect to exploration or
development projects or capital expenditures. Altho ugh the Company believes that the expectations
reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the e vents
and circumstances reflected in the forward-looking statements will be achieved or occu r. The timing of
events and circumstances and actual results could differ materially from tho se projected in the forward-
looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All
forward-looking statements contained in this press release are made as of today’s date, and the Company
undertakes no obligation to update or publicly revi se any forward-looking statements, whether as a res ult
of new information, future events or otherwise, unless required by law.