PPX.V · 2022-02-18 12:00:00

PPX Announces Private Placement of Shares

Financings

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NEWS RELEASE TSX.V PPX; BVL PPX; SSE PPX

Vancouver, British Columbia – February 18, 2022 – PPX Mining Corp. (the “Company” or “PPX”)

is pleased to announce a non-brokered private placement offering of up to 3,583,000 common shares (the

“Shares”) of the Company at a purchase price of CDN$0.06 per share to raise gross proceeds of up to

CDN$214,980 (the “Private Placement”). Subject to TSX Venture Exchange (the “Exchange”) acceptance,

the Company may pay finder’s fees of cash or Shares, or a combination thereof, to certain arm’s length finders.

The Company intends to use the proceeds from the Private Placement for general working capital purposes.

Under the Private Placement, the Company intends to pay finders’ fees to eligible finders with a value equivalent

to 8% of the aggregate gross proceeds raised from the sale of the shares subscribed for by subscribers introduced

to the Company by the finders.

The Private Placement is subject to all necessary regulatory approvals including acceptance from the Exchange.

All securities issued in connection with the Private Placement will be subject to a four month hold period from

the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply

under applicable securities laws of jurisdictions outside Canada.

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

Website: www.ppxmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Certain disclosure in this release, including statements regarding the Company's intention to carry out the Private Placement and the use

of proceeds from the Private Placement constitute “forward-looking information” within the meaning of 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, including that the Company is able to obtain regulatory approval of the Private Placement, the Company will be

able to use the proceeds of the Private Placement as anticipated and that the Company is otherwise able to complete the Private Placement.

However, 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 expressed or implied in such forward-looking statements. Such uncertainties and risks

include, among others, financing risks, delays in obtaining or inability to obtain required regulatory approvals, inability to use the

proceeds from the Private Placement as anticipated and inability to complete the Private Placement.

There can 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.