PPX Mining Announces Completion of Debt Settlement

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX MINING ANNOUNCES COMPLETION OF DEBT SETTLEMENT

Toronto, Ontario – August 20, 2026 – PPX Mining Corp. (“ PPX ” or the “ Company ”) is pleased to

announce that further to its press release dated Ju ly 29, 2026 it has completed its debt settlement wi th an

arm’s length party (the “ Creditor ”) to fully settle outstanding debt owed by the Com pany to the Creditor in

the amount of US$860,093.57 (C$1,208,775.50) for ro yalty payments, by the Company issuing 6,533,921

common shares of the Company to Creditor at a deemed price of CAD$0.185 per common share. The shares

issued to the Creditor are subject to a hold period expiring on December 20, 2026 in accordance with

applicable securities laws.

About PPX Mining Corp:

PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern

Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Nort hern

Peru gold belt in eastern La Libertad Department.

On behalf of the board of directors of the Company:

Ernest Mast

President, Chief Executive Officer and Director

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.