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 – April 30, 2026 – PPX Mining Corp. (TSXV: PPX; BVL: PPX; “ PPX ” or the “ Company ”)

announces that it has granted an aggregate of 95,990 stock options (each, a “ Stock Option ”), 42,614 deferred

share units (each, a “ DSU ”) and 42,614 restricted share units (each, an “ RSU ”) to a director of the Company.

The Stock Options and the RSUs have a three-year ve sting period, vesting in equal amounts on the first ,

second and 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 Co mpany’ equity incentive plan, subject to a minimum

vesting period of 12 months after the date of grant . Once vested, each Stock Option is exercisable for one

common share of the Company at an exercise price of $0.29 per share until April 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, as applicable. The Stock Options, DS Us and RSUs were issued pursuant to the terms of th e

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 Chief Executive Officer

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.