Philippine Metals Inc. at its annual general meeting held on April 5, 2013, approved the appointment of Michael Bird as director.

Philippine Metals Inc., Annual General Meeting, Apr 05, 2013., at 10:00 Pacific Standard Time. Location: At the offices of Davis LLP, Suite 2800. Agenda: To receive and consider the financial statements of the corporation for the financial year ended March 31, 2012 and the report of the auditor thereon; to fix the number of directors of the corporation to be elected at the meeting at five; to elect the board of directors of the corporation for the ensuing year; to appoint the auditor of the corporation for the ensuing year and to authorize the board of directors to fix the auditor's remuneration; to approving the consolidation of all of the issued and outstanding common shares on the basis of one post consolidation common share for up to a maximum of every eight pre-consolidation common shares, or such lesser number of pre-consolidation common shares as may be approved by the board of directors; to approving the name change of the corporation; and to transact such other business as may be properly brought before the meeting or any adjournment thereof.

Philippine Metals Inc. announced 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. The company further announced 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.