PPX Mining Announces Grant of Stock Options, Restricted Share Units and Deferred Share Units

Executive Summary

• PPX Mining Corp. has granted a combination of stock options, deferred share units (DSUs), and restricted share units (RSUs) to a director of the Company.

Key Details

• Stock Options Granted: 95,990
• Deferred Share Units (DSUs) Granted: 42,614
• Restricted Share Units (RSUs) Granted: 42,614
• Vesting Schedule (Options and RSUs): Three-year period, vesting in equal amounts on the first, second, and third anniversaries of the grant date.
• Vesting Schedule (DSUs): Vests on the 20th business day after the holder ceases to be an eligible person under the Company's equity incentive plan, subject to a minimum 12-month vesting period from the date of grant.
• Stock Option Exercise Price: $0.29 per share.
• Stock Option Expiration Date: April 30, 2036.
• Equity Plan Details: The grants were issued pursuant to the terms of the Company's 10% rolling equity incentive plan, which was reapproved by shareholders on March 20, 2026.