PPX Mining Corp. Amends Second Tranche Payment Terms of Silver Royalty Agreement with Silver Crown Royalties Inc.
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NEWS RELEASE; TSX.V PPX; BVL PPX
PPX MINING CORP. AMENDS SECOND TRANCHE PAYMENT TERMS OF
SILVER ROYALTY AGREEMENT WITH SILVER CROWN ROYALTIES INC.
Toronto – August 1, 2025 – PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) (the “ Company ” or “ PPX ”)
has, together with Silver Crown Royalties Inc. (CBO E:SCRI; OTCQX:SLCRF; FRA:QS0) (“ SCR ”),
yesterday amended certain terms of the silver royal ty agreement between the Company and SCR originally
dated December 13, 2024 (the “ Silver Royalty Agreement ” and the amendment thereto referred to as the
“ Amendment ”).
The second tranche price of the Silver Royalty Agreement in the amount of US$1,470,000, originally payable
by SCR to PPX on or before August 6, 2025, has been amended in order to split the payment obligation i n
two and extend the time by which the total amount of US$1,470,000 must be paid. In connection with these
amendments, a total of US$833,000 of the second tra nche payment has been paid by SCR to PPX, and the
remaining US$637,000 will be payable on or before D ecember 31, 2025. Proceeds will be used by PPX to
support its ongoing construction of the CIL and flotation plant at the Company’s Igor project, located in La
Libertad, Peru (the “ Beneficiation Plant ”).
In connection with the split of the second tranche payment obligations and the partial payment made by SCR,
the royalty percentage and total payable ounces to which SCR is entitled under the Silver Royalty Agreement
have been increased pro rata by the amount paid (relative to the total amount p ayable), by 5.1% (to a total
of 11.1%), and 76,500 ounces of silver (to an aggregate total of 166,500 ounces of silver), respectively.
Upon payment by SCR to PPX of the remainder of the second tranche price (being US$637,000), the royalty
percentage and total payable ounces will increase by an additional 3.9% (to a total of 15%) and 58,500 ounces
of silver (to an aggregate total of 225,000 ounces of silver) respectively, as originally contemplated in the
Silver Royalty Agreement.
In consideration of the splitting and extension of the second tranche payment, the parties also amende d the
Silver Royalty Agreement to extend the date by whic h the minimum silver royalty that SCR is entitled t o
receive under the Silver Royalty Agreement will com mence, from the original date of October 1, 2025, t o
March 31, 2026 (subject to earlier commencement upo n startup of metallurgical operations at the
Beneficiation Plant).
Further details regarding the Silver Royalty Agreem ent can be found in the Company’s press releases da ted
December 16, 2024 and February 6, 2025 announcing c losing of the First Tranche. A copy of the Royalty
Agreement is available, and a copy of the Royalty A mendment will shortly be available, on the Company’ s
SEDAR+ profile at www.sedarplus.ca .
About PPX Mining Corp:
PPX Mining Corp. 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.
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On behalf of the Board of Directors
John Thomas
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.
Cautionary Statement Regarding Forward-Looking Statements:
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 expected closing of the second portion of the second tranche payme nt,
expected use of proceeds to support the Company’s c onstruction activities, and future plans. Forward-
looking statements are statements that relate to fu ture events. In this context, forward-looking state ments
often address expected future business plans and fi nancial performance and often contain words such as
“anticipate,” “believe,” “plan,” “estimate,” “expec t,” and “intend,”, statements that an action or eve nt
“may,” “might,” “could,” “should,” “would” or “will ” 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 closing the second portion of
the second tranche payment when anticipated, or at all, as well as risks inherent to production and th e
Company’s construction activities. Although the Com pany believes that the expectations reflected in th e
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
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.