PPX Mining Announces Grant of Restricted Share Units and Deferred Share Units

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX MINING ANNOUNCES GRANT OF RESTRICTED SHARE UNITS AND

DEFERRED SHARE UNITS

Toronto – January 29, 2026 – PPX Mining Corp. (TSXV: PPX; BVL: PPX; “ PPX ” or the “ Company ”)

announces that it has granted 1,167,567 deferred sh are units (each, a “ DSU ”) and 778,378 restricted share

units (each, an “ RSU ”) to Ernest Mast, the President, Chief Executive O fficer and director of the Company.

The RSUs have a three-year restricted period, vesti ng in equal amounts on the first, second and third

anniversaries of the date of grant. The DSUs will v est on the 20 th business day after the holder ceases to be

an eligible person under the Company’ equity incent ive plan, subject to a minimum vesting period of 12

months after the date of grant. Once vested, each D SU and RSU entitles the holder to acquire one commo n

share of the Company. The DSUs and RSUs were issued pursuant to the terms of the Company’s 10% rolling

equity incentive plan, which was approved by the shareholders of the Company on December 18, 2025.

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:

Brian Imrie

Executive Chairman

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.