Philippine Metals Inc.
TSX VENTURE : PHI
FRANKFURT : PM7
OTCQX : PHIXF

Philippine Metals Inc.

November 15, 2010 09:01 ET

Philippine Metals Inc. Joins OTCQX

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Philippine Metals Inc. (the "Company") (TSX VENTURE:PHI)(OTCQX:PHIXF)(FRANKFURT:PM7) is pleased to announce that the Company is now trading on the OTCQX, the highest tier of the US OTC securities market.

Philippine Metals Inc. began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

"We are pleased to welcome Philippine Metals to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides the highest level of visibility and access to US investors possible in the OTC market."

"Philippine Metals is a young company with three exciting and diversified copper and copper gold projects in the Philippines and a strong and experienced management and board. The listing on the OTCQX is part of our aggressive growth plan of advancing our three current projects, increasing liquidity and market capitalization, and growing the company to be a leader in project development and project generation in country," stated Feisal Somji, Chief Executive Officer of Philippine Metals. "In doing so we are pleased to be able to provide US Investors a platform in which to trade our stock and access full information about our company. We look forward to working with the Pink OTC Markets and wish to thank them for their professionalism and interest in our company."

Hodgson Russ LLP will serve as Philippine Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

To learn more about Philippine Metals, please visit our website at: www.philippinemetals.com.

About the OTCQX

The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated US broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a US stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a US stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the US registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest US liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at info@pinkotc.com.

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.

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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