TORONTO, ON / ACCESS Newswire / January 12, 2026 / PPX Mining Corp. (TSX.V:PPX)(BVL:PPX) (the "Company" or "PPX") is pleased to provide an update on the ongoing construction of its processing plant, which continues to advance toward completion and commissioning.

Since the Company's last construction update in November 2025, substantial progress has been achieved across all major plant areas. Civil works are now largely complete, allowing construction activities to transition into equipment installation and mechanical assembly with an expanded and increasingly specialized workforce. Activity on site is expected to accelerate further over the coming weeks.

The plant security perimeter is approximately 80% complete and is expected to fully enclose the plant area by month end. An aerial view of the site highlights the advancing infrastructure, including the laboratory, tailings area, water tanks, crushing and grinding circuits, leach tanks, and flotation facilities.

Image 1: Aerial View of Plant Construction and Tailings Area

Crushing and Grinding Circuits

Assembly of the crushing circuit is well advanced. The cone crusher and vibrating screen have been installed, along with the fine ore bin and several conveyors. The run-of-mine ore bin is on site and undergoing pre-assembly, while installation of the primary crusher is currently underway.

In the grinding area, the fine ore bin has been fully installed together with the ball mills and cyclone tower. The concrete pad behind the far ball mill has been completed to accommodate three diesel generators, which have already been purchased. These generators will operate in an automated synchronized system, responding dynamically to plant power demand.

Image 2: Cone Crusher

Image 3: Vibrating Screen

Image 4: Ball Mills and Fine Ore Bin

Leaching, Gold Recovery, and Flotation

All eight leach tanks have been fully assembled and are ready for painting and installation of agitators, baffles, and auxiliary equipment. The carbon-in-leach plant is designed to produce activated carbon enriched with gold and silver, with on-site processing to gold-silver doré bullion. All required doré production equipment has been procured and is ready for shipment to site and installation.

Image 5: Leach Tanks

The plant has been designed to process both oxide and sulfide-rich ores. Flotation cells are already on site and scheduled for installation in the coming days. The flotation concentrate thickener is approximately 50% complete, while the filter press and associated access platforms for concentrate filtration have been fully installed.

Image 6: Access Platforms

Laboratory and Process Control

Reliable plant operation will be supported by on-site chemical analysis. Construction of the laboratory building is nearing completion. All laboratory equipment has been purchased and is currently stored in Lima, ready for delivery once interior works are finalized.

Image 7: Chemical Analysis Lab

Tailings and Water Management

The tailings storage area has been prepared and is ready for installation of the impermeable membrane, which is already on site and scheduled for installation in the coming weeks. This system will enable efficient collection and recycling of process water drained from the geotubes. Geotubes sufficient for approximately four months of operation are currently on site.

Image 8: Tailings and Water Management

John Thomas, COO of PPX Mining Corp., commented: "Construction progress continues steadily and is expected to accelerate meaningfully following the holiday period, as additional specialized personnel are mobilized and site activities ramp up. This processing plant represents a transformational milestone for PPX, positioning the Company as a fully integrated gold and silver producer. The facility has been engineered to process both oxide and sulfide ores, producing gold-silver doré and silver-gold concentrate, while adhering to high technical, operational, and environmental standards."

All scientific and technical information in this press release has been reviewed and approved by John Thomas, P. Eng., who is the COO of the Company and a qualified person under the definitions established by National Instrument 43-101.

On behalf of the Board of Directors

John Thomas
Chief Operating Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737

Neither 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

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 test results, future plans or management estimates. 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 this transaction. 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.

SOURCE: PPX Mining Corp.