PPX Confirms Outstanding Metallurgical Test Results ON Hole CA-24-07

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX CONFIRMS OUTSTANDING METALLURGICAL TEST RESULTS ON

HOLE CA-24-07

Toronto – April 09, 2024 - PPX Mining Corp. (the “C ompany” or “PPX”) is pleased to announce the

results of test work carried out by BaseMet Laboratories, Kamloops, BC, Canada; carried out on the drill core

obtained from drill hole CA-24-07, previously reported.

As indicated on March 07, 2024, two intercepts were reported, one of an oxidized breccia with grades of 12.05

g/t gold and 300.9 g/t silver, over the 5.25 meters of drill intercept; and a second, of a sulfated vein with grades

of 10.3 g/t gold, 1670 g/t silver and 4% copper, ov er 9.2 meters of drill intercept. The oxidized bre ccia was

tested using a carbon in leach process, while the sulfated sample was tested using flotation.

The oxidized breccia was leached for 48 hours, recovering 92.2 % of the gold and 87.5% of the silver, with a

cyanide and lime consumption of 1.6 and 3.9 kg/t, r espectively. These results are similar to, but some what

higher, than the ones obtained previously with the breccia samples. The calculated grade of the materi al

leached was 13.4 g/t, similar to the reported from assaying the drill core.

The sulfated vein material was treated using froth flotation, using potassium amyl xanthate as collect or and

MIBC as frother, the same reagents used in previous test work and those that will be used in the plann ed

processing plant. Recovery of gold and silver to co ncentrate were excellent, achieving 97.1% and 94.8%

respectively, with 96.1% of the copper reporting to the concentrate which had grades of 22.2 g/t gold, 3558

g/t silver and 7.8% copper. The calculated grades o f the feed to flotation was again similar to the as sayed

grade of the drill core.

Dr. John Thomas, CEO of PPX Mining commented, “thes e excellent results confirm the high value of the

material intercepted in hole CA-24-07 and validate the production units of the plant that the Company is

planning to build. These results also reaffirm the high priority to continue drilling this zone with the objective

of establishing a reserve of this material”.

About PPX Mining Corp:

About PPX Mining Corp: PPX Mining Corp. (TSX.V: PPX .V, SSE: PPX, BVL: PPX) is a Canadian

exploration and development company with assets in northern Peru. The Company's 100% owned Igor gold

and silver project is located in the prolific northern Peruvian gold belt in the department of La Libertad. PPX

is pursuing a two-pronged strategy to further devel op and explore Project Igor. The Callanquitas struc ture is

open along strike and at depth. Parallel structures have not yet been explored. The new discoveries in

Portachuelos in 2018, as well as the exploration ta rgets in Domo and Tesoros, show that the Igor Proje ct is

becoming a district-scale project with multiple dep osits and mineralized zones. Evaluating mineral

development alternatives in parallel with explorati on drilling will provide dual catalysts for growth and

increased shareholder value.

All scientific and technical information in this press release has been reviewed and approved by John Thomas,

P. Eng., who is a qualified person under the definitions established by National Instrument 43-101.

John Thomas

Chief Executive Officer

82 Richmond Street East

Toronto, Ontario M5C 1P1

Canada

416-361-0737

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this

release.

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 test results, futur e plans or management estimates. Forward-looking

statements are statements that relate to future eve nts. In this context, forward-looking statements of ten

address expected future business and financial perf ormance and often contain words such as “anticipate ,”

“believe,” “plan,” “estimate,” “expect,” and “inten d,”, statements that an action or event “may,” “mig ht,”

“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 actual results could differ

materially from those stated or implied in forward- looking statements due to many various factors. Suc h

uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory

approvals in connection with this transaction. Alth ough the Company believes that the expectations

reflected in the forward-looking statements are rea sonable, the Company cannot guarantee that the even ts

and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of

events and circumstances and actual results could d iffer materially from those projected in the forwar d-

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 Compan y

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.