PPX Mining — Regulatory Filings 2022

Mar 18, 2022

FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Issuer

PPX Mining Corp. (the “ Issuer ” or the “ Company ”)

880 – 580 Hornby Street Vancouver, BC V6C 3B6

Item 2 Date of Material Change

March 7, 2022

Item 3 News Release

The news release was issued by the Issuer and disseminated via Accesswire and SEDAR filed on March 7, 2022.

Item 4 Summary of Material Change

The Company completed its previously announced non-brokered private placement (the “ Private Placement ”) of common shares in the capital of the Company (the “ Common Shares ”) for gross proceeds to the Company of CDN$214,980.

Item 5 Full Description of Material Change

The Company completed its previously announced Private Placement pursuant to which the Company issued 3,583,000 Common Shares in the capital of the Company at a price of CDN$0.06 per Common Share for gross proceeds to the Company of CDN$214,980. The net proceeds of the Private Placement will be used for general working capital purposes.

In connection with the Private Placement, PPX paid aggregate finder’s fees of $17,198.40 to arm’s length finders. In accordance with applicable Canadian securities legislation, all Common Shares issued pursuant to the Private Placement are subject to a hold period expiring on July 8, 2022.

Cautionary Statement Regarding Forward Looking Information

Certain disclosure in this material change report, including the statement regarding the use of proceeds from the Private Placement constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this material change report, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will be able to use the proceeds of the Private Placement as anticipated. However, the forward-looking statements in this material change report are subject to numerous 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 and inability to use the proceeds from the Private Placement as anticipated.

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.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

The executive officer who is knowledgeable about this material change report is Brian J. Maher, President, Chief Executive Officer and a Director of the Issuer, available at 1-530913-4728.

Item 9 Date of Report

DATED this 16th day of March, 2022.