PPX Announces New Board Nominees for AGM
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NEWS RELEASE TSX.V PPX; BVL PPX
PPX Announces New Board Nominees for AGM
Vancouver, British Columbia – June 28, 2017 – PPX Mining Corp. (the "Company" or “ PPX”) is
pleased to announce management’s proposed Board of Director nominees for the upcoming Annual
General Meeting (“AGM”) scheduled for July 14 , 2017 in Vancouver, British Columbia. In addition to
incumbent directors Brian J. Ma her, John Menzies, Felix Navar ro-Grau Hurtado and Brian Imrie, the
Company is pleased to announce the nomination of John Thomas and Florian Siegfried to serve as
directors of the Company. Current directors Diego de la Torre de la Piedra, Fernando Arias, and Jorge
Benavides will be stepping down from the Board of Directors; the Company wishes to thank each of these
gentlemen for their years of service to the Company and their guidance during the transition of the
Company from a pure exploration company to an integrated mine development com pany focused on our
Igor Project in northern Peru.
Dr. Thomas and Mr. Siegfried bring distinct skill sets to the Company as evidenced in their biographies
below:
Dr. Thomas is a professional engineer, and holds a BSc, an MSc and a PhD in chemical
engineering from the University of Manchester in the United Kingdom. He also received a
diploma in accounting and finance from the U.K. Association of Certified Accountants. He has
44 years of experience in the mining industry, including both base metal and preci ous metal
projects in several countries including Brazil, Venezuela, Costa Rica, Russia, Kazakhstan,
Canada and Zambia. His experience covers a wide range of activities in the mining industry from
process development, management of feasibility studies, eng ineering and management of process
plant construction, and the operation of multiple underground and surface mines.
Florian Siegfried heads the precious metals and mining investments at AgaNola Ltd., an asset
management boutique based in Switzerland. Previously Florian Siegfried was the Chief Executive
Officer (“CEO”) of Precious Capital AG, a Zur ich-based fund specializing in G lobal mining
investments. Prior to this Mr. Siegfried was CEO of shaPE Capital Ltd., a SIX Swiss Exchange -
listed private equity company that was founded by Bank Julius Baer & Co. Ltd. and where he was
instrumental in raising more than CHF 50 million in equity capital. Florian is currently a director
of GoldQuest Mining Corp (GQC: TSX.V). Mr. Siegfried holds a M asters degree in financ e and
economics from the University of Zurich.
Brian J. Maher, President and CEO of PPX Mining commented: “ PPX is pleased that Fl orian and John
have agreed to be nominated to join our Board of Directors. Florian’s years of experience, as a Board
member, financial advisor and an investor in the junior mining space will provide international financial
acumen to the Board as the Company heads toward Pre-feasibility at Mina Callanquitas and we plan for
the future growth of the Company. John’s impressive trac k record of building mineral processing plants
and mines at various locations around the world, but in particular Latin America, will be a source of
technical expertise and experience that we can apply to our own projects as we continue to grow our
Company. On behalf of all shareholders, I would like to thank Diego, Fernando and, in particular, Jorge
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Benavides, for their leadership at PPX over the years and look forward to their continued support as
shareholders and colleagues.”
About PPX Mining Corp.: PPX Mining Corp. (PPX: TSX.V; BVL) is currently exploring and evaluating
mine development opportunities at its Igor Mine Project in Northern Peru. The Igor project explores
several high grade, gold and silver mineralized high -angle structures that host signi ficant gold and silver
resources. The Callanquitas Structure at the Igor Mine Project contains Inferred gold and silver resources
of 7,189,000 tonnes grading 1.94 gpt gold and 71.8 gpt silver containing 448,500 ounces of gold and
16,600,000 ounces of silve r at a cutoff grade of 1.5 gpt gold equivalent. Included within this resource
estimate is a higher grade zone consisting of 2,730,000 tonnes grading 2.73 gpt gold and 119.1 gpt silver
containing 239,400 ounces of gold and 10,500,000 ounces of silver using a 3.0 gpt gold equivalent cutoff
grade (Please see Technical Report as amended on September 27, 2013 entitled “Technical Report on the
Callanquitas Structure, Igor Mine Project, Northern Peru, South America”, available on the Company’s
web site or SEDAR). Mineral resources are not mineral reserves and do not have demonstrated economic
viability. There is no certainty that all or any part of the mineral resource will be converted into mineral
reserves. The Company has begun work on its underground test mini ng and bulk sampling program
which is designed to validate and upgrade the resource estimate, and generate data to evaluate the
possibility of future mine development at Igor. The Company is accelerating its exploration program at
the Igor Mine Project in order to fully evaluate the resource potential of the entire Igor project area.
All scientific and technical information in this press release has been reviewed and approved by Quentin
J. Browne, P.Geo., Independent Consulting Geologist to PPX Mining Co rp., who is a qualified person
under the definitions established by National Instrument 43-101.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: [email protected]
Website: www.ppxmining.com
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services P rovider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain disclosure in this release, ma y
constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995
and Canadian securities legislation. In making the forward -looking statements in this release, the Company has applied certain
factors and assumptions that the Company believes are reasonable. How ever, the forward -looking statements in this release are
subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expr essed
or implied in such forward -looking statements. Such uncertainties an d risks are detailed from time to time in the Company's
filings with the appropriate securities commissions, and may include, among others, market conditions, and delays in obtaining or
failure to obtain required regulatory approvals or financing. There ca n be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any
intention or obligation to, update or revise any forward -looking statements whether as a result of new information, future events
or otherwise, except as required by law.