Philippine Metals Inc.: Malitao Ruling Update

On July 27, 2011, Philippine Metals Inc. ("Philippine Metals" or the Company")
(TSX VENTURE:PHI)(OTCQX:PHIXF)(FRANKFURT:PM7) announced that the Panel of
Arbitrators of the regional Mines and Geosciences Bureau (the "Panel") had ruled
on the formal objection to the Company's Malitao Exploration Permit Application
("EPA") in favour of the Company and that Pacific Metals Canada Philippines Inc.
("PMCPI"), a wholly-owned subsidiary of Philippine Metals, is the rightful title
holder of the Malitao EPA under Philippine law and that the adverse claim was
without merit.


As provided for under the rules and regulations of Philippine law governing the
process relating to a tenement title dispute, either party has the right to
appeal the decision of the Panel to the Mines Adjudication Board (the "MAB").
The Company has received from the Panel a copy of documents submitted by the
objecting party directly to the MAB in the Mines and Geosciences Bureau's
Central Office in Greater Manila appealing the decision of the Panel. Philippine
Metals is currently awaiting the MAB's instructions with regard to the due
process of the appeal. Philippine Metals remains confident that the Panel ruled
correctly in denying the formal objection to its Malitao EPA and remains
confident that the MAB will uphold the Panel's decision. The Company will
provide a further update as developments require.


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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