Philippine Metals Inc.
Announces Resignation of Director
Inc. ("Philippine Metals" or the "Company") (TSXV: PHI;
Frankfurt: PM7) announces that Mr. Ed Farrauto
has resigned from the Board of Directors of the company, effective immediately.
Mr. Marshall Farris,
President of Philippine Metals Inc. stated: "On behalf of the company's
management and Board of Directors, we wish to thank Mr. Farrauto
for his significant contributions to the company and wish him all the best in
his future endeavors."
About Philippine Metals Inc.
Philippine Metals Inc. is focused on
the exploration, discovery and development of highly prospective copper and
copper-gold deposits in the Philippines. Based on the region's geological
environment, the company's management team recognizes the country's potential
for hosting large, world-class deposits of copper and copper-gold.
The Company's initial projects,
Taurus, Malitao and Dilong,
are examples of management's ability to source quality, highly prospective
targets. The management team combines strong financial capabilities with
world-class experience in mineral exploration, discovery and mine development.
ON BEHALF OF THE BOARD OF
PHILIPPINE METALS INC.
Chief Executive Officer