PPX Obtains Authorization FOR Water Utilization Work at Igor Processing Plant
NEWS RELEASE TSX.V PPX; BVL PPX
PPX OBTAINS AUTHORIZATION FOR WATER UTILIZATION WORK AT IGOR
PROCESSING PLANT
Toronto – November 10, 2025 – PPX Mining Corp. (TSX.V PPX; BVL PPX the “Company” or
“PPX”, including its Peruvian subsidiaries) is pleased to announce that it has received the Directorial
Resolution No. 0912-2025-ANA-AAA.HCH dated November 5, 2025, from the Water Administrative
Authority (“Autoridad Administrativa del Agua ”) of Huarmey Chicama, a regional branch of Peru’s
National Water Authority ( “Autoridad Nacional del Agua ”), authorizing the execution of water
utilization works for the Igor CIL and Flotation Plant (the “Plant”), currently under construction.
The Plant, designed with a capacity of 350 tons per day, will produce dore and precious metal
concentrates from ore mined at the Igor Project. This authorization marks another key milestone as the
Company continues advancing the construction of its gold and silver processing facility and securing the
necessary permits for commissioning.
The Directorial Resolution specifically authorizes the installation of a 1,770-meter-long metallic pipeline
and the construction of two pumping stations that will transport water from 3,070 to 3,570 meters above
sea level, covering a vertical elevation difference of 500 meters. Construction activities are scheduled to
commence in November 2025, with completion expected within 98 calendar days.
John Thomas, CEO of PPX Mining Corp., commented, “This is a critical permit toward achieving the
commissioning of our processing plant. Water is essential to the metallurgical process, and our
engineering design incorporates a recirculation system that min imizes consumption, reduces
environmental impact, and promotes social responsibility. This sustainable approach is fundamental to
maintaining harmonious relationships with the communities surrounding the project. With this
authorization and the completion of construction, PPX will be able to obtain the final Water Use License
for the plant.”
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
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
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“forward-looking statements”) as such terms are defined by applicable securities laws, including, but
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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 or implied in forward -looking statements due to many
various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to
obtain any required regulatory approvals, if applicable . 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 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 upda te or publicly revise any forward -looking
statements, whether as a result of new information, future events or otherwise, unless required by law.