PPX Mining Provides Construction Progress Update ON GOLD and Silver Processing Plant

NEWS RELEASE

PPX MINING PROVIDES CONSTRUCTION PROGRESS

UPDATE ON GOLD AND SILVER PROCESSING PLANT

Toronto – January 12, 2026 – PPX Mining Corp. (TSX.V: PPX; BVL: PPX) (the “Co mpany” or

“PPX”) is pleased to provide an update on the ongoi ng construction of its processing plant, which

continues to advance toward completion and commissioning.

Since the Company’s last construction update in Nov ember 2025, substantial progress has been

achieved across all major plant areas. Civil works are now largely complete, allowing construction

activities to transition into equipment installation and mechanical assembly with an expanded and

increasingly specialized workforce. Activity on sit e is expected to accelerate further over the

coming weeks.

The plant security perimeter is approximately 80% complete and is expected to fully enclose the

plant area by month end. An aerial view of the site highlights the advancing infrastructure,

including the laboratory, tailings area, water tanks, crushing and grinding circuits, leach tanks, and

flotation facilities.

Image 1: Aerial View of Plant Construction and Tailings Area

Crushing and Grinding Circuits

Assembly of the crushing circuit is well advanced. The cone crusher and vibrating screen have

been installed, along with the fine ore bin and sev eral conveyors. The run-of-mine ore bin is on

site and undergoing pre-assembly, while installation of the primary crusher is currently underway.

In the grinding area, the fine ore bin has been fully installed together with the ball mills and cyclone

tower. The concrete pad behind the far ball mill has been completed to accommodate three diesel

generators , which have already been purchased. These generato rs will operate in an automated

synchronized system, responding dynamically to plant power demand.

Image 2: Cone Crusher

Image 3: Vibrating Screen

Image 4: Ball Mills and Fine Ore Bin

Leaching, Gold Recovery, and Flotation

All eight leach tanks have been fully assembled and are ready for painti ng and installation of

agitators, baffles, and auxiliary equipment. The ca rbon-in-leach plant is designed to produce

activated carbon enriched with gold and silver, with on-site processing to gold-silver doré bullion.

All required doré production equipment has been pro cured and is ready for shipment to site and

installation.

Image 5: Leach Tanks

The plant has been designed to process both oxide and sulfide-rich ores. Flotation cells are already

on site and scheduled for installation in the comin g days. The flotation concentrate thickener is

approximately 50% complete , while the filter press and associated access plat forms for

concentrate filtration have been fully installed.

Image 6: Access Platforms

Laboratory and Process Control

Reliable plant operation will be supported by on-si te chemical analysis. Construction of the

laboratory building is nearing completion. All labo ratory equipment has been purchased and is

currently stored in Lima, ready for delivery once interior works are finalized.

Image 7: Chemical Analysis Lab

Tailings and Water Management

The tailings storage area has been prepared and is ready for installation of the impermeable

membrane, which is already on site and scheduled fo r installation in the coming weeks. This

system will enable efficient collection and recycli ng of process water drained from the geotubes.

Geotubes sufficient for approximately four months of operation are currently on site.

Image 8: Tailings and Water Management

John Thomas, COO of PPX Mining Corp., commented: “Construction progress continues steadily

and is expected to accelerate meaningfully following the holiday period, as additional specialized

personnel are mobilized and site activities ramp up . This processing plant represents a

transformational milestone for PPX, positioning the Company as a fully integrated gold and silver

producer. The facility has been engineered to process both oxide and sulfide ores, producing gold-

silver doré and silver-gold concentrate, while adhe ring to high technical, operational, and

environmental standards.”

All scientific and technical information in this pr ess release has been reviewed and approved by John

Thomas, P. Eng., who is the COO of the Company and a qualified person under the definitions established

by National Instrument 43-101.

On behalf of the Board of Directors

John Thomas

Chief Operating Officer

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) accept s responsibility for the adequacy or

accuracy of this release.

Cautionary Statement

This press release contains forward-looking information and forward-looking statements (collectively,

“forward-looking statements”) as such terms are def ined by applicable securities laws, including, but

not limited to statements regarding test results, future plans or management estimates. Forward-looking

statements are statements that relate to future events. In this context, forward-looking statements often

address expected future business and financial perf ormance 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,” or “will” be tak en 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 bey ond the Company’s control, and the Company’s

actual results could differ materially from those s tated or implied in forward-looking statements due

to many various factors. Such uncertainties and ris ks include, among others, delays in obtaining or

inability to obtain required regulatory approvals i n connection with this transaction. Although the

Company believes that the expectations reflected in the forward-looking statements are reasonable, the

Company cannot guarantee that the events and circum stances reflected in the forward-looking

statements will be achieved or occur. The timing of events and circumstances and actual results could

differ materially from those projected in the forward-looking 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 forward-looking statements, whether as a result of new information, future events

or otherwise, unless required by law.