PPX Mining produces 21,574 tonnes YTD

Mr. John Thomas reports PPX MINING REPORTS STRONG OPERATIONAL RESULTS FOR JUNE 2025 PPX Mining Corp. has released strong operational results for the month of June, 2025, and has provided a summary of year-to-date performance at its Callanquitas mine located at the Igor project in northern Peru. Through its mining partner, Proyectos La Patagonia SAC (PLP), the Callanquitas operation generated record gross revenues for calendar 2025 of 11.62 million Peruvian sol and pretax income of 5.14 million Peruvian sol in June alone. As a result, PPX, through its Peruvian subsidiary, received a net profit interest (NPI) payment of 3.9 million Peruvian sol for this month -- marking the strongest monthly performance in calendar 2025 and in the previous 12 months. Cumulative NPI for the 2025 calendar year through June has reached 5.10 million Peruvian sol, highlighting the robust cash-generating potential of the Igor project. These positive financial results were driven by favourable gold and silver prices, despite elevated operating costs related to selective high-grade mining, high transportation expenses and reliance on third party processing facilities. The company expects a substantial reduction in these costs once its own CIL and flotation plant -- currently under construction -- begins operations. The operation also overcame logistical and operational challenges caused by a particularly intense rainy season during the first quarter of the year. From a production standpoint, a total of 21,584 tonnes of ore have been mined year to date, averaging 133 tonnes per day. The average gold equivalent grade during the period was 6.77 grams per tonne (gold 6.49 g/t and silver 41.6 g/t), resulting in the extraction of 3,690 gold equivalent ounces to date with an average gold price of $3,100.29 (U.S.) and an average silver price of $32.50 (U.S.). PPX expects continued strong operational and financial performance for the remainder of 2025, as the company advances its strategy to expand production capacity and optimize operating margins. John Thomas, chief executive officer of PPX Mining, commented: "We are very pleased to report such strong results, which reflect operational discipline and a growing understanding of the underground structure at Callanquitas. As our geological knowledge improves through ongoing exploration activities, we are increasingly able to mine more efficiently and plan for scalable growth. Once our CIL and flotation plant becomes operational, we anticipate an increase in production volumes by eliminating the need for selective mining -- lowering mining costs, substantially reducing transportation expenses and eliminating third party processing charges." All scientific and technical information in this press release has been reviewed and approved by John Thomas, PEng, who is the chief executive officer of the company and a qualified person under the definitions established by National Instrument 43-101. We seek Safe Harbor.