Philippine Metals Announces Director Resignation

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that Marshall Farris has resigned as a Director and President of the Company effective immediately. Mr. Farris resigned in order to focus on his growing Exempt Market Dealer business, Ascenta Finance Corp. The Company would like to thank Mr. Farris for his long service and contributions to the Company and wishes him well in his future endeavours.

ON BEHALF OF THE BOARD

"Craig T. Lindsay"
Chief Executive Officer

For additional information, please contact:
Craig Lindsay
Tel: (604) 218-0550
Email: craig@agcap.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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