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PPX.V ·

PPX Obtains Water Availability Accreditation FOR Beneficiation Plant

Metallurgy & Processing

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX OBTAINS WATER AVAILABILITY ACCREDITATION FOR

BENEFICIATION PLANT

Toronto – June 13, 2024 – PPX Mining Corp. (the “ Company ” or “ PPX ”, including its Peruvian

subsidiaries) is pleased to announce that on June 1 1, 2024, the Company received its Water Availabilit y

Accreditation for Water Use Rights, according to the Resolution No. 0613-2024-ANA-AAA.HCH issued by

the Administrative Water Authority and the National Water Authority of Peru. This accreditation is the

confirmation by the competent Peruvian authority th at there are sufficient water resources in the area to

operate the Igor Beneficiation Plant that the Company is planning to build.

John Thomas, CEO, commented “with this authorization, PPX is one step closer towards its definitive water

use permit for our CIL and flotation plant project” .

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 Nort hern

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:

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 test results, futur e plans or management estimates. Forward-looking

statements are statements that relate to future eve nts. In this context, forward-looking statements of ten

address expected future business plans and financia l 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,” 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 beyond the Company’s control, and the Company’s actual resul ts

could differ materially from those stated or implie d in forward-looking statements due to many various

factors. Such uncertainties and risks include, amon g others, delays in obtaining or inability to obtai n any

required regulatory approvals, if applicable. Although the Company believes that the expectations reflected

in the forward-looking statements are reasonable, t he 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 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.