PPX Provides Construction Permitting Update

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX PROVIDES CONSTRUCTION PERMITTING UPDATE

Toronto – August 15 , 2024 – PPX Mining Corp. (the “Company” or “PPX”, including its Peruvian

subsidiaries) is pleased to announced that yesterday it filed its response to the findings provided by the

Peruvian permitting authority (GREMH) from its detail engineering permitting application to build a CIL

and Flotation plant in the Callanquitas Mine, IGOR Project. This filing constitutes the final step in the

GREHM to receive its construction permit.

On February 14, 2024, the Company received the initial approval from the GREMH of the amendment of its

Environmental Impact Study required for plant construction (See February 15, 2024 press release).

John Thomas, CEO commented “ We are very exited to be in the final stage of this permitting process.

Following th e approval of the detail engineering by the permitting authority in Peru , the Company will

immediately start construction activities on site. Our processing plant will allow us to process oxides and

sulphides from the Callanquitas Mine, producing dore bars and a very rich gold and silver concentrate that

will start unlocking IGOR’s value”.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts 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 defined 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 plans and financial performance and often contain words such as

“anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend,”, statements that an action or event

“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 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 update or publicly revise any forward -looking statements, whether as a result

of new information, future events or otherwise, unless required by law.