Philippine Metals Inc.: Corporate Update

Philippine Metals Inc. ("Philippine Metals" or the "Company") (TSX
VENTURE:PHI)(OTCQX:PHIXF)(FRANKFURT:PM7) announces that Mr. Craig Lindsay has
agreed to join the Company's Board of Directors replacing Lou Clinton who has
resigned his position as a Director of the Company to pursue other interests.


Mr. Lindsay has in excess of 20 years experience in corporate finance,
investment banking and business development in both North America and Asia and
is currently the President and CEO of Otis Gold Corp. and Managing Director of
Arbutus Grove Capital Corp., a private company offering corporate finance and
merchant banking services. Mr. Lindsay is a former resident of Hong Kong where
he was a senior executive at The Pacific Rim Group, which provided financial
advisory, venture capital and related services to Asian and North American
clients. He was a co-founder and CFO of OneAsia.com, an innovative B2C internet
retailer of Asian language entertainment products, which was acquired by tom.com
Limited, a company associated with Hutchinson Whampoa Ltd. Mr. Lindsay has
extensive experience in the natural resource sector at the Director and Officer
level, and currently sits on the boards of Tarsis Resources Ltd. and Galena
Capital Corp.


Mr. Lindsay is active in the community, currently serving as the President of
the Hong Kong Canada Business Association, Vancouver Section and a Director of
the Association's National Board. Additionally, he is a former Chairman of the
Family Services of Greater Vancouver.


Marshall Farris, President of Philippine Metals stated, "We are very pleased to
welcome Craig to our board. His diverse business experience in both Asia and in
the mining industry will be a significant asset to the Company. On behalf of the
Company's management and its Board of Directors I wish to thank Mr. Clinton for
his invaluable support in helping guide the Company during this early stage of
its operations in the Philippines and wish him well with 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.

Feisal Somji, Chief Executive Officer

This news release contains forward-looking information including but not limited
to comments regarding the timing and content of upcoming work programs,
geological interpretations and potential mineral recovery. Forward-looking
information includes disclosure regarding possible future events, conditions or
results of operations that is based on assumptions about future economic
conditions and courses of action, and therefore, involves inherent risks and
uncertainties. When used in this news release. The words "estimated", "plan",
"anticipated", "expected", "intend", believe", and similar expressions are
intended to identify forward-looking statements. These statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievement expressed or implied by such
forward-looking statements. For any forward-looking information given,
management has assumed that the analytical results it has received are reliable,
and has applied geological interpretation methodologies which are consistent
with industry standards. Although management has a reasonable basis for the
conclusions drawn, there can be no assurance that forward-looking statements
will prove to be accurate and actual results may differ materially from those
currently anticipated in such statements. Forward-looking statements included in
this news release are made as of the date of this press release and the Company
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 expressly required by applicable securities legislation.
Philippine Metals (TSXV:PHI)
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