PPX Mining Announces Grant of Stock Options, Restricted Share Units and Deferred Share Units
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX MINING ANNOUNCES GRANT OF STOCK OPTIONS, RESTRICTED
SHARE UNITS AND DEFERRED SHARE UNITS
Toronto – March 31, 2026 – PPX Mining Corp. (TSXV: PPX; BVL: PPX; “ PPX ” or the “ Company ”)
announces that it has granted an aggregate of 2,048 ,456 stock options (each, a “ Stock Option ”), 213,069
deferred share units (each, a “ DSU ”) and 1,891,000 restricted share units (each, an “ RSU ”) to certain
executive officers, directors, consultants and empl oyees of the Company and its subsidiaries. The Stoc k
Options and the RSUs have a three-year vesting peri od, vesting in equal amounts on the first, second a nd
third anniversaries of the date of grant. The DSUs will vest on the 20 th business day after the holder ceases
to be an eligible person under the Company’ equity incentive plan, subject to a minimum vesting period of
12 months after the date of grant. Once vested, eac h Stock Option is exercisable for one common share of
the Company at an exercise price of $0.29 per share until March 30, 2036. Once vested, each DSU and RSU
entitles the holder to acquire one common share of the Company, less any tax liabilities of the holder . The
Stock Options, DSUs and RSUs were issued pursuant t o the terms of the Company’s 10% rolling equity
incentive plan, which was reapproved by the shareholders of the Company on March 20, 2026.
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 and CEO
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.