Vancouver, British Columbia – July 20, 2021 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to announce that it has completed its previously announced non-brokered private placement (the “Private Placement”) pursuant to which the Company issued 7,307,542 common shares in the capital of the Company (each, a “Common Share”) at a price of $0.06 per Common Share for gross proceeds to the Company of $438,452.52. PPX is also pleased to announce the results of its annual and special meeting of shareholders held on June 29, 2021 (the “Meeting”). At the Meeting shareholders of the Company approved: (i) the election of the five nominated directors, being Brian Maher, Brian Imrie, John Menzies, John Thomas and Florian Siegfried; (ii) the re-appointment of Crowe MacKay LLP, Chartered Professional Accountants, as the Company’s auditor; and (iii) the ratification, confirmation and approval of the Company’s Amended and Restated Stock Option Plan. The resolutions are more fully described in the Company’s management information circular dated May 18, 2021 prepared in respect of the Meeting, which can be found under the Company’s SEDAR profile at www.sedar.com.

The Private Placement was conducted further to the partial revocation order (the “Partial Revocation Order”) issued by the British Columbia Securities Commission (“BCSC”) and the Ontario Securities Commission (“OSC”) on June 17, 2021, which partially revoked a cease trade order (the “Cease Trade Order”) that was issued against the Company by the BCSC and the OSC on February 3, 2021 as a result of the Company’s failure to file certain financial disclosure documents in compliance with National Instrument 51-102 Continuous Disclosure Obligations. The net proceeds of the Private Placement will be applied towards, among other things, the following: (i) accounting, audit and legal fees associated with the preparation and filing of the relevant continuous disclosure documents and the Partial Revocation Order; (ii) filing fees and penalties associated with the Partial Revocation Order and the Cease Trade Order; (iii) office expenses; (iv) transfer agent fees; and (v) the Finder’s Fees (as defined below).

In connection with the Private Placement, PPX paid aggregate finder’s fees of $26,307.16 (the “Finder’s Fees”) to arm’s length finders and issued 146,151 Common Shares to an arm’s length finder. In accordance with applicable Canadian securities legislation, all Common Shares issued pursuant to the Private Placement are subject to a hold period expiring on November 17, 2021. All of the Company’s securities, including the Common Shares issued in connection with the Private Placement, will remain subject to the Cease Trade Order until it is fully revoked, of which there is no guarantee. The Private Placement is subject to the final acceptance of the TSX Venture Exchange.

On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: brian.maher@ppxmining.com
Website: www.ppxmining.com

Cautionary Statement Regarding Forward-Looking Information

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 the resumption of trading on the Exchange. 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 the resumption of trading on the Exchange.

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.