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PPX.V ·

PPX Mining Announces Board Appointments and Management Transition

Management Changes

PPX MINING CORP | 82 Richmond Street East, M5C 1P1, Toronto, Ontario, Canada | +1416-361-0737 | www.ppxmining.com

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX MINING ANNOUNCES BOARD APPOINTMENTS AND MANAGEMENT

TRANSITION

Toronto, Ontario – January 13, 2026 – PPX Mining Corp. (the “Company” or “PPX”) is ple ased

to announce the appointment of Mr. Ernest Mast and Mr. Diego Bellido as directors of the

Company, effective January 12, 2026.

Mr. Diego Bellido is a senior Glencore executive wi th more than 15 years of experience in the

global commodities trading sector. He currently serves as a Manager for Glencore Peru S.A.C. and

Glencore Lima Trading S.A.C. Mr. Bellido is also Pr esident of the Board of Perubar S.A. and a

board member of Transportadora Callao S.A. Previous ly, he represented Glencore on the boards

of Sinchi Wayra Mining Company in Bolivia and Compañía Minera Antamina. Mr. Bellido holds

a Bachelor’s degree in Business Administration from Universidad del Pacífico (Peru) and an MBA

from INSEAD (France).

Details regarding the background and qualifications of Mr. Ernest Mast were previously disclosed

in the Company’s press release dated December 22, 2 025.

In addition, further to the Company’s same press re lease, the Company confirms that effective

January 12, 2026, Mr. Ernest Mast was appointed Pre sident and Chief Executive Officer of PPX.

Dr. John Thomas has transitioned from his role as I nterim Chief Executive Officer and continues

to serve the Company as Chief Operating Officer.

The Company also announces that Mr. Bruno Kaiser ha s resigned as a director of the Company,

effective January 12, 2026. Mr. Kaiser will continu e to support PPX in the role of Advisor to the

Company.

Brian Imrie, Executive Chairman of the Company, commented: “We are very pleased to welcome

Ernest Mast and Diego Bellido to the Board of PPX. Their combined experience in mining

operations, capital markets, and global commodities trading significantly strengthens our

governance and strategic capabilities as we advance the Company’s growth plans. On behalf of

the Board, I would also like to thank Bruno Kaiser for his valuable contributions as a director and

look forward to his continued involvement as an advisor to PPX.”

About PPX Mining Corp:

PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Cana dian-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.

On behalf of the board of directors of the Company:

PPX MINING CORP | 82 Richmond Street East, M5C 1P1, Toronto, Ontario, Canada | +1416-361-0737 | www.ppxmining.com

Brian Imrie

Executive Chairman

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 responsibility for the adequacy or accuracy of this

release.