PPX Mining Announces Production Completion of Major Plant Equipment for its Plant Under Construction

TORONTO, ON / ACCESS Newswire / March 26, 2025 / PPX Mining Corp. (TSX.V:PPX)(BVL:PPX) (the "Company" or "PPX") is pleased to announce that major plant equipment purchased from Shandong Xinhai Mining Technology & Equipment Inc. ("Xinhai") is now ready to ship. As disclosed in previous releases, PPX is currently building a 350 tpd CIL & Flotation plant at its Igor Project, located in Peru.

The equipment includes:

• All crushing plant units, feeder, jaw crusher, cone crusher vibrating screen and conveyors. This equipment will reduce the mined ore to a particle size of less than 12 mm.

• Metal detectors and an electromagnet. This auxiliary equipment will remove any tramp steel.

• A belt weigh scale.

• Two ball mills, 7 feet in diameter and 12 feet long. The order also includes mill overflow pumps, cyclones and a thickener to further reduce the ore particle size to 80% less than 150 microns. The usage of this equipment is to liberate the gold and silver minerals. Oxide ore will be subsequently leached in a carbon in leach circuit, with an expected recovery of 85-90% gold and 50-60% silver. In the case of sulfide ore, the liberated minerals are recovered by flotation producing a high silver and gold content concentrate that has a ready market.

• Flotation cells have also been purchased, together with a filter press to recover flotation concentrate as a filter cake. Pumps and a thickener are also ready to ship.

All major motors (for mills and the crushers) are manufactured by WEG or Siemens.

The leach tanks and agitators will be supplied by a Peruvian company with a proven track record for supplying this equipment, with the motors and gearboxes manufactured in Germany. As previously shown in test work, the use of "carbon in leach" technology will reduce the effect of naturally occurring carbon in the ore, maximizing the gold recovery.

The recovery of gold and silver from the activated carbon produced on the carbon in leach circuit will use a "Pressure Zadra Elution" process with electrowinning of gold and silver from the elution solution. Smelting precipitated from electrowinning will produce "Dore Bullion", an alloy of gold and silver, which will be further refined to produce "Good Delivery" gold and silver, outside Peru.

The equipment produced by Xinhai had already been inspected by a specialized company in China and pictures of some of the equipment are shown below.

John Thomas, CEO commented that this is major milestone in our plant planning schedule. Civil construction is progressing and should be largely ready when the equipment arrives at site.

Picture 1: 7ft. diameter, 12 ft. long ball mill

Picture 2: Cyclone fitted to manifold

Picture 3: Cyclone feed pumps, rubber lined

Picture 4: Flotation cells

Picture 5: Jaw Crusher

About PPX Mining Corp:

PPX Mining Corp. 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.

All scientific and technical information in this press release has been reviewed and approved by John Thomas, P. Eng., who is the CEO of the Company and a qualified person under the definitions established by National Instrument 43-101.

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 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," 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 required regulatory approvals in connection with this transaction. 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.

SOURCE: PPX Mining Corp.