Philippine Metals Inc.

Philippine Metals Inc.

April 13, 2012 14:49 ET

Philippine Metals Inc. Announces Resignation of Director

CALGARY, ALBERTA--(Marketwire - April 13, 2012) - Philippine Metals Inc. (the "Corporation" or "Philippine Metals") (TSX VENTURE: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."

On behalf of the Board of Directors

Marshall Farris, President & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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