PPX Mining — Capital/Financing Update 2021

Jan 29, 2021

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NEWS RELEASE TSX.V PPX; BVL PPX; SSE PPX

PPX Announces Private Placement Extension

Vancouver, British Columbia – January 29, 2021 – PPX Mining Corp. (the " Company " or “ PPX ”) announces that, further to its news releases dated November 20, 2020 and January 4, 2021, the TSX Venture Exchange has granted a further extension to March 5, 2021 for closing and filing final documentation in respect of the Company’s previously announced private placement.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

- Cautionary Statement Regarding Forward Looking Information

Certain disclosure in this release, including statements regarding the closing of the Private Placement, constitute “forward-looking information” within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain regulatory approval of the Private Placement and that the Company is otherwise able to complete the Private Placement. However, the forward-looking statements in this release are subject to risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, among others, financing risks, delays in obtaining or inability to obtain required regulatory approvals and inability to complete the Private Placement. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.