Philippine Metals Completes Ground Geophysics

Philippine Metals Inc. (the "Corporation") (TSX VENTURE:PHI)(FRANKFURT:PM7) is
pleased to announce that the company has completed an initial ground geophysics
program focused on the Taurus Project on Leyte Island in the Philippines as
previously announced on April 28th, 2010.


The results from the surveys have been received and indicate several areas of
anomalous chargeability and resistivity interpreted to potentially be
geophysical responses to areas of subsurface mineralization. The results have
been submitted for geophysical modeling for further evaluation. The initial data
is posted on the company's website and the modeling of the data is expected
shortly.


The ground geophysical program focused on two local areas of the Taurus Project:
i) Kambalantong-Malayahay mineralized corridor and ii) the Palo-Curajo historic
mines area.




1.  At the Kambalantong-Malayahay mineralized corridor a total of 11.2 line-
    km of survey were accomplished in 16 separate lines of 700 meters per
    line:
    a.  2 lines of ground base moving loop time domain electromagnetic
        survey for calibration
        lines of IP dipole dipole survey
    b.  16 lines of ground magnetic survey

2.  At the Palo-Curajo mines area a total of 1.8 line-km of geophysical
    surveys were conducted in 3 lines of 600 meters length each:
    a.  3 lines of IP dipole dipole survey
    b.  3 lines of ground magnetic survey



The Kambalantong-Malayahay corridor is located in the central portion of the
Taurus project. It contains zones of sulphide mineralization that extend over a
width of 500 m and a strike length of about 1,500 m. Within the corridor various
historic production and exploration workings have encountered and locally
exploited massive chalcopyrite plus chalcocite plus pyrite and/or bornite
sulphide mineralization. The mineralization occurs as gently dipping veins,
lenses and breccias.


The Palo-Curajo historic mining area is located on the southern portion of the
Taurus project. Numerous historic small open cast mining operations populate the
local area supplemented by underground tunnels. Subvertical massive sulphide
bodies occur within the area dominated by pyrite plus chalcopyrite plus
sphalerite.


This current ground geophysical program is the initial part of a much larger
airborne geophysical survey planned to cover the entire Taurus project area. The
later program will also include 2,000 m of diamond drilling for the initial
testing of the anticipated geophysical targets generated. In all $427,000 is
budgeted for the Phase 1 exploration of the Taurus project.


About the Taurus Project

The Taurus project, located on Leyte Island, consolidates the entire ophiolite
related copper mining belt with two contiguous exploration tenure blocks. The
blocks cover an area of approximately 9,895 contiguous hectares. Spatially
within the blocks, the mines and massive sulphide-sulphide breccia mineral
occurrences align in two trends that each trace distances of approximately 17
kilometers.


The eastern edge of Leyte Island is comprised of mafic to ultra mafic ophiolite
complex representing a tectonically obducted slice of the ocean floor related to
the subduction processes associated with the island arc archipelago which is the
Philippines. The rocks comprise a belt that host numerous historic copper mines
and occurrences. The mineralization is interpreted to be of the Cyprus type
volcanogenic massive sulphides type.


The current geophysical surveys referred to herein were performed by Elliot
Geophysics International Pty. Ltd. of Melbourne, Australia. The surveys were
conducted using JORC and NI 43 101 compliant standards of QA and QC procedures
for data verifications.


For more detail of the geological observations and budget references above
please refer to the NI 43 101 compliant report "Technical Report and Proposed
Exploration Program for the Leyte Copper Project" which is available on the
company's website.


William Dynes, P Geol, is the qualified person, as defined in NI 43-101, who has
reviewed and verified the scientific and technical disclosures contained in this
press release.


About Philippine Metals Inc.

Philippine Metals Inc. is focused on the exploration, discovery and development
of high-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 excellent
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.
Philippine Metals (TSXV:PHI)
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