Philippine Metals Inc.: Change to Management and Board of Directors

Philippine Metals Inc. ("Philippine Metals" or the "Company") (TSX
VENTURE:PHI)(FRANKFURT:PM7) announces that Mr. Feisal Somji has resigned from
his positions of Chief Executive Officer and member on 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. Somji for
his significant contributions to the company since its inception and wish him
all the best in his future endeavours." 


The Company further announces the appointment of Mr. Craig Lindsay to the
position of Chief Executive Officer. Mr. Lindsay, a member of the Board of
Directors of the Company, 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 board of Tarsis Resources Ltd.


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.

Marshall L. Farris, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Philippine Metals Inc.
Marshall L. Farris
President and Director
604.684.4743 ext. 222
604.628.5595 (FAX)
marshall@philippinemetals.com
www.philippinemetals.com


Ascenta Capital Partners Inc.
Jamie Mathers
Investor Relations
604.684.4743 ext. 236
866.684.4209
Jamie@ascentacapital.com

Philippine Metals (TSXV:PHI)
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