Vancouver, British Columbia – April 21, 2021 – PPX Mining Corp. (the "Company" or “PPX”) is providing the following update regarding the Cease Trade Order (“CTO”) issued by the British Columbia Securities Commission and the Ontario Securities Commission due to the delay in filing the Company’s annual financial statements for the fiscal year ended September 30, 2020, the related management's discussion and analysis, and the certification of the annual filings for the year ended September 30, 2020 (collectively, the "2020 Annual Financial Statements"), as reported in a press release dated February 4, 2021.

“Our financial team is working closely with our auditors, and we look forward to completing the audit and related filings,” said Brian J. Maher, CEO and President of PPX Mining. "Following the completion of our 2020 filing, we will then shift our focus to reporting our Q1 and Q2 2021 results as quickly as possible.”

The delay in filing the 2020 Annual Financial Statements is in part attributable to logistical challenges related to the COVID-19 pandemic in the 2020 calendar year, which prevented the Company’s auditors from interacting with management at our Peruvian subsidiaries. We are pleased to report the auditors will resume work in Peru shortly. The Company intends to file the 2020 Annual Financial Statements as soon as possible and it expects to make these filings by no later than June 15, 2021.

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.