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
Philippine Metals (TSXV:PHI)
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