Philex Mining Corporation

2

33

44Ca Rong Do [Red Emperor] discovery well

4

MINECOPPER / GOLD PROSPECTSCOAL PROJECT

PADCAL MINEPADCAL MINE Benguet

BULAWAN MINE VISTA ALEGRE SILANGAN PROJECTVISTA ALEGRE BULOG PROSPECT Negros Occidental

(BOYONGAN / BAYUGO)Surigao del Norte

SIBUTAD PROJECT Z b d l N t

55

Zamboanga del Norte

BRIXTON COAL Zamboanga Sibugay

66

777

Philex Poro Point Loading Facility

MINERAL RESOURCESContainedTonnes Copper Gold Copper Gold

(million lbs.) (000 ozs.)156 0.24 0.50 807 2,500

Tonnes (millions)

Copper %

Gold g/t

156 0.24 0.50 807 2,500

PROVED RESERVESR blRecoverable

Copper Gold(million lbs.) (000 ozs.)

Tonnes (millions)

Copper %

Gold g/t

DECLAREDLIFE OF MINETo June 2017

Based on metal prices of $800/oz gold

69 0.22 0.44 274 744To June 2017

88

and $2.00/lb copper.

Comprised of two gold-copper porphyry deposits one kilometer apart: (1) Bayugo and (2) Boyongan

99

BAYUGO ORE ZONE MODEL @ 0.4%Cu cutBAYUGO ORE ZONE MODEL @ 0.4%Cu cut‐‐off off 

3D‐view looking southeast

BAYUGO COPPER RESOURCE MODEL @ 0.4%Cu cutBAYUGO COPPER RESOURCE MODEL @ 0.4%Cu cut‐‐off off 

3D‐view looking southeast

ContainedCopper Gold(M lb ) (M )

RESOURCES Million Tonnes

Copper %

Gold g/t (M lbs.) (M ozs.)

Boyongan (Measured + Indicated) 105.4 0.80 0.98 1,800 3.3      

Tonnes % g/t

)

Bayugo (Indicated) 85.7    0.88 0.73 1,700   2.0        

Total (Measured + Indicated) 191.1  0.84 0.87 3,500   5.3        

Bayugo (Inferred) 32.7    0.75 0.63 500       0.6        

Boyongan Resource at cut-off grade of 0.5% copper based on metal prices of $700/oz gold and $2.75/lb copper.

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ppBayugo Resource at cut-off grade of 0.4% copper.

Manila

Baguio

LUZON

VISAYAS

Oil SC 40Oil SC 6

& 14Natural Gas

Forum Energy Plc (51.9%)gy ( )SAMPAGUITA

VIETNAM

Oil & Gas Pitkin Petroleum Plc (21%)

MINDANAOOil PetroEnergy Resources Corp.

(20 6%)

Oil SC 41

VIETNAM Pitkin Petroleum Plc (21%)CA RONG DO

1313

BRIXTON COAL

(20.6%)ETAME

AFRICA

Padcal Mine

Manila

• For commercial operation in 2010• Target production rate of 150,000 tonnes per year

for 10 years1414

for 10 years.

Awarded in 1995 as One of the 50 Model Communities

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Awarded in 1995 as One of the 50 Model Communities in the World by the We the Peoples’ Organization of the United Nations