PPX Mining Announces Debt Settlement

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX MINING ANNOUNCES DEBT SETTLEMENT

Toronto, Ontario – July 29, 2026 – PPX Mining Corp. (“ PPX ” or the “ Company ”) is pleased to announce

that it has entered into a debt settlement agreement with an arm’s length party (the “ Creditor ”) to fully settle

outstanding debt owed by the Company to the Credito r in the amount of US$860,093.57 (C$1,208,775.50)

for royalty 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 “ Debt Settlement ”). The Debt Settlement is subject to

the approval of the TSX Venture Exchange. The shares to be issued to the Creditor will be subject to a hold

period expiring on the date that is four months and one day after the date of issuance, 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.

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 the completion of t he Debt Settlement and the issuing of shares of the

Company. Forward-looking statements are statements that relate to future events. In this context, forward-

looking statements often address expected future bu siness and financial performance and often contain

words such as “anticipate,” “believe,” “plan,” “est imate,” “expect,” and “intend,”, statements that an action

or event “may,” “might,” “could,” “should,” or “wil l” 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 o r implied in forward-looking statements due to many

various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain

required regulatory approvals. Although the Company believes that the expectations reflected in the

forward-looking statements are reasonable, the Comp any cannot guarantee that the events and

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

and circumstances and actual results could differ m aterially from those projected in the forward-looki ng

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 Company undertakes

2

no obligation to update or publicly revise any forw ard-looking statements, whether as a result of new

information, future events or otherwise, unless required by law.