The aim of the study was to indicate the influence of consolidation processes on microstructure and selected mechanical properties of powder metallurgy Ti-5Al-5Mo-5V-3Cr alloy, which was produced by blending of elemental powders method. Morphology of the mixture and its ingredients were examined using scanning electron microscopy. The consolidation of powders mixture was conducted using two approaches. The first consisted of the uniaxial hot pressing process, the second included two steps – uniaxial cold pressing process and sintering under argon protective atmosphere. Microstructural analysis was performed for both as-pressed compacts using light microscopy. Additionally, computed tomography studies were carried out, in order to examine the internal structure of compacts. Chosen mechanical properties, such as Vickers hardness and compression strength was also determined and compared. The conducted research proves that the proposed production method leads to obtain materials with no structural defects and relatively low porosity. Moreover, due to the proper selection of manufacturing parameters, favorable microstructures can be received, as well as mechanical properties, which are comparable to conventionally produced material with the corresponding chemical composition.