Vancouver, British Columbia – June 18, 2021 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to announce that it intends to complete a $438,452.52 tranche of its previously announced non-brokered private placement for aggregate gross proceeds of up to $510,112.56 (the “Private Placement”), through the issuance of 7,307,542 common shares in the share capital of the Company (each, a “Common Share” and collectively, the “Common Shares”), at a price of $0.06 per Common Share. In connection with this closing, the Company will pay a cash finder’s fee of $26,307.16 and 146,151 Common Shares (the “Finder’s Fees”) to arm’s length finders. The Private Placement is proposed to be completed pursuant to the partial revocation order (the “Partial Revocation Order”) by the British Columbia Securities Commission (“BCSC”) and the Ontario Securities Commission (“OSC”) on June 17, 2021.

The Partial Revocation Order 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 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. Completion of the Private Placement will allow the Company to prepare and file all outstanding continuous disclosure documents with the applicable regulatory authorities. Once those filings have been completed, the Company expects to apply for a full revocation of the Cease Trade Order.

Each potential investor in the Private Placement will receive a copy of the Cease Trade Order and the Partial Revocation Order and will be required to provide an acknowledgement to the Company that 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, and that the granting of the Partial Revocation Order does not guarantee the issuance of a full revocation order of the Cease Trade Order in the future. In accordance with applicable securities legislation, all Common Shares issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the closing date of the Private Placement. Further, Common Shares issued pursuant to the Private Placement may not be transferred until full revocation of the Cease Trade Order, of which there is no guarantee.

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.