PPX Mining Receives Remaining US$637,000 Payment from Scr Under Silver Royalty Agreement

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX MINING RECEIVES REMAINING US$637,000 PAYMENT FROM SCR

UNDER SILVER ROYALTY AGREEMENT

Toronto, Ontario – October 16, 2025 – PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) (the “ Company ”

or “ PPX ”) is pleased to announce that Silver Crown Royalti es Inc. (CBOE:SCRI; OTCQX:SLCRF;

FRA:QS0) (“ SCR ”) has made a payment of US$637,000 to the Company, representing the remainder of the

second and final tranche payable by SCR to PPX unde r the silver royalty agreement entered into by the

parties on December 13, 2024, as amended on July 31 , 2025 (the “ Silver Royalty Agreement ”). The

proceeds will be used by PPX to support its ongoing construction of the carbon-in-leach and flotation plant

at the Company’s Igor project, located in La Libertad, Peru.

Pursuant to the terms of the Silver Royalty Agreeme nt, upon the payment made today by SCR, the royalty

percentage has increased by an additional 3.9% to t he final total of 15%, and the total payable ounces have

increased by 58,500 ounces of silver to the final aggregate total of 225,000 ounces of silver (and, to date, the

Company has paid 2,247 ounces of silver out of such total to SCR under the Silver Royalty Agreement).

Further details regarding the Silver Royalty Agreem ent can be found in the Company’s press releases da ted

December 16, 2024, February 6, 2025 and August 1, 2 023. A copy of the Silver Royalty Agreement is

available on the Company’s SEDAR+ profile at www.sedarplus.ca .

John Thomas, CEO commented, “This final payment fro m Silver Crown Royalties marks another milestone

in the disciplined execution of our growth strategy . The funds further strengthen our balance sheet as we

continue the construction of our processing plant a t Igor. We’re very pleased with the support from ou r

partners and remain fully committed to advancing the project toward near-term production and creating value

for all stakeholders.”

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.

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

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limited to statements regarding the expected use of proceeds to support the Company’s construction

activities, and future plans. Forward-looking statements are statements that rela te to future events. In this

context, forward-looking statements often address expected future business plans and financial performance

and often contain words such as “anticipate,” “beli eve,” “plan,” “estimate,” “expect,” and “intend,”,

statements that an action or event “may,” “might,” “could,” “should,” “would” or “will” be taken or oc cur,

or other similar expressions. Forward-looking state ments are subject to a number of known and unknown

risks and uncertainties, many of which involve fact ors or circumstances that are beyond the Company’s

control, and the Company’s actual results could dif fer materially from those stated or implied in forw ard-

looking statements due to many various factors. Suc h uncertainties and risks include, among others, ri sks

inherent to production and the Company’s construction activities. Although the Company believes that the

expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that

the events and circumstances reflected in the forwa rd-looking statements will be achieved or occur. Th e

timing of events and circumstances and actual resul ts 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.