PPX Mining Announces an Extension of the Drill Program FOR the Callanquitas GOLD-Silver Deposit
NEWS RELEASE
PPX MINING ANNOUNCES AN EXTENSION OF THE DRILL PROGRAM
FOR THE CALLANQUITAS GOLD-SILVER DEPOSIT
Toronto – May 26, 2025 – PPX Mining Corp. (TSXV: PP X, BVL: PPX) (the “ Company ” or “ PPX ”)
is pleased to announce a significant expansion of i ts ongoing diamond drilling campaign. The current
program, originally planned for 2,300 meters, has been extended to a total of 4,200 meters. This extension
aims to meaningfully increase the Company’s mineral resource base at its Callanquitas Mine.
Highlights:
• The decision to extend the drilling program was joi ntly made by PPX’s geological team and their
counterparts at Proyectos La Patagonia S.A.C. , the Company’s mining partner at the Callanquitas
Mine.
• The drilling of the Callanquitas West structure (“C W”), parallel formation to the Eastern structure
which has been mined to date, will be extended with the objective of establishing a resource. The
CW structure has a surface expression showing high- grades and the southern extension has been
mined in the past. The first two holes (see press release dated May 13 th , 2025) showed the presence
of oxidized breccia with significant gold grades an d appears to mirror the Callanquitas East
structure.
• The drilling plan for the area where a tensional fault was identified in 2024 and reported in a press
release dated March 7 (hole CA-24-07) has been exte nded as this zone appears to have potential
for high grade sulfide ore, as the drill results ga ve a 9.2 meters intersection with 10.3 g/t gold and
1670 g/t silver. Drilling will be completed for two more holes targeting CW, the drill will then be
moved to drill the area of the tensional fault.
• All drilling will be carried out from underground, two drill chambers are ready for use, a third will
be excavated for drilling the northern end of CW. Using underground drilling reduces the length of
the drill holed required and eliminates any delays associated with permitting surface drilling.
• The cost of the extended program is estimated to be US$1,215,000, including taxes.
All scientific and technical information contained in this press release has been reviewed and approved by
Eddy Canova, PGeo., External Consulting Geologist of PPX Mining Corp., who is a qualified person within
the meaning of National Instrument 43-101.
On behalf of the Board Members
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Services 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:
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.
Certain disclosures in this release may constitute “forward-looking statements” within the meaning of the
United States Securities Litigation Reform Act of 1995 and the Canadian securities legislation. In making
the forward-looking statements in this release, the Company has applied certain factors and assumption s
that it believes are reasonable. However, 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 by such forward-looking statements. Such risks and uncertainties are detailed from time to time
in the Company's filings with relevant securities c ommissions, and may include, but are not limited to ,
market conditions, and delays in obtaining or failing to obtain regulatory approvals or financing. There can
be no assurance that such statements will prove to be accurate and actual results and future events co uld
differ materially from those anticipated in such st atements. Readers should not place undue reliance o n
forward-looking statements. The Company has no inte ntion, 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.