PPX Mining Completes Debt Settlement Transaction

NEWS RELEASE TSX.V PPX; BVL PPX

PPX MINING COMPLETES DEBT SETTLEMENT

TRANSACTION

Toronto – July 26, 2023 – PPX Mining Corp. (the “Company”) is pleased to announce that further to its

press release dated July 11, 2023, the Company has completed its debt settlement with a former officer of

the Company (the “Creditor”) by issuing 6,297,800 common shares of the Company (each, a “Share”) at

a deemed issue price of US$0.02 (C$0.0273) per Share to the Creditor as settlement of a severance payment

in the amount of US$125,956 (the “ Severance Settlement”), and repaying the principal amount of a loan

in the amount of US$26,928 that was previously owed by the Company to the Creditor. The Company

received the approval of the TSX Venture Exchange (the “ Exchange”) to the Severance Settlement. The

Shares are subject to a hold period expiring on November 27, 2023, in accordance with applicable securities

laws and the policies of the Exchange. See the press release of the Company dated July 11, 2023 for further

information with respect to this debt settlement.

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

Northern Peru gold belt in eastern La Libertad Department.

On behalf of the Board of Directors

Brian Imrie

Executive Chairman

82 Richmond Street East

Toronto, Ontario M5C 1P1

Canada

416-361-0737

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.