PPX Receives Final Construction Permit

NEWS RELEASE; TSX.V PPX; BVL PPX

PPX RECEIVES FINAL CONSTRUCTION PERMIT

Toronto – September 20, 2024 – PPX Mining Corp. (the “ Company ” or “ PPX ”, including its Peruvian

subsidiaries) is pleased to announce that yesterday it received its final construction permit for the CIL and

Flotation plant that the Company is planning to bui ld in its Igor Project, located in La Libertad, Per u (the

“Plant”). The permit was issued by the Gerencia Regional de Energia Minas e Hidrocarburos (GREMH),

the competent Peruvian permitting authority, under resolution number 000620-2024 issued on September 19,

2024.

This final permit allows PPX to start construction activities immediately and constitutes the last con dition

precedent to access a US$6M facility that the Compa ny arranged early this year with its major sharehol der

for construction purposes (See January 2, 2024 press release).

John Thomas, CEO commented “We are delighted to rec eive the final construction permit to start buildin g

at Igor. The Plant will initially process oxides and sulphides from the Callanquitas Mine. It will produce doré

bars and a high grade gold and silver concentrate. Once the Plant becomes operational in about 10 mont hs,

it is expected to reduce substantially the operati ng cost of the mine and expand its resource due to a much

lower cut-off grade compared to the existing one, s ince mined material from Callanquitas won’t require

anymore to travel about 600 km to third-party high-cost toll milling facility. Building the Plant will become

a transformational milestone for the Company.”

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,” “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 o r 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. A lthough the Company believes that the expectations

reflected in the forward-looking statements are rea sonable, the Company cannot guarantee that the even ts

and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of

events and circumstances and actual results could d iffer materially from those projected in the forwar d-

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 Compan y

undertakes no obligation to update or publicly revi se any forward-looking statements, whether as a res ult

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