Mr. John Thomas reports

PPX MINING OBTAINS SIGNIFICANT METALLURGICAL LAB RESULTS FROM SULFIDE ORE

PPX Mining Corp. has released results from a first metallurgical test of sulphide ore. The samples used come from three diamond drill holes carried out between 2010 and 2012 in the southern section of the Callanquitas East mineralized breccia below the 3200 elevation. Current oxide mining activities are to the north. Historically, the Callanquitas deposit has been focused on this oxidized ore; these first metallurgical results on sulphide ore are encouraging due to the high recoveries of both gold and silver, as well as the elevated silver content compared with the oxide ore. As of today, there are only five drill holes with sulphide information in the Callanquitas Este breccia and only two drill holes in the Callanquitas Oeste breccia. These drill holes were validated in the 2018 and 2019 prefeasibility study. Further exploration will be carried out in the near future.

A composite was made from three samples associated to elevation 3150-3200, assaying 5.39 g/t (grams per tonne) gold and 970 g/t silver. Base Met Laboratories from Kamloops, B.C., Canada, grounded this composite to a nominal 80 per cent passing 75 microns. Gravity concentration was used, followed by flotation with a strong xanthate collector. The results showed a recovery to concentrate of 94.1 per cent of the gold and 96.9 per cent of the silver. The concentrate assayed 20 g/t gold and 3,720 g/t silver.

John Thomas, chief executive officer, commented: "Very significant outcome from our sulphide ore. Even though more drilling will be required, these impressive initial results show interesting potential for a salable concentrate containing gold and elevated silver values."

All scientific and technical information in this press release has been reviewed and approved by Mr. Thomas, PEng, who is a qualified person under the definitions established by National Instrument 43-101.

About PPX Mining Corp.

PPX Mining is a Canadian-based mining company with assets in Northern Peru. Igor, the company's 100-per-cent-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad department.

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