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I.

CORPORATE PROFILE

Philex Mining Corporation and its subsidiaries has two kinds of business: the metals business under Philex mining and the energy and hydrocarbon business under Philex Petroleum Corporation. Philex Mining was incorporated in the Philippines in 1955 and was listed on the Philippine tock !xchange on "o#. $%& 195'. Philex Mining& Philex (old Philippines& )nc. *P(P)+& ilangan Mindanao !xploration Co.& )nc. * M!C)+& and ilangan Mindanao Mining Co.& )nc. * MMC)+ are primarily engaged in large,scale exploration& de#elopment& and utili-ation of mineral resources. P(P) and M!C) are both wholly owned subsidiaries of Philex Mining through a holding company and incorporated in the Philippines. .he Padcal Mines in /enguet are operated by Philex Mining while the /ulawan Mine in "egros 0ccidental are operated by P(P) between 1anuary 199' and 1une $22$. Philex Petroleum and its subsidiaries 3orum !nergy plc *3!P+ and 3!C 4esources& )nc. *3!C+ are primarily engaged in oil and gas operation and exploration& holding participating interest in ser#eral oil and gas production and exploration acti#ities through their in#estee companies. Philex Mining5s exploration strategy in the late 1962s was focused on gold exploration& resulting in the ac7uisition and staking of a number of primarily gold claimholdings throughout the Philippines. )n 1uly 199'& these gold assets& including the /ulawan Pro8ect& were spun off to P(P). ituated in "egros 0ccidental& the /ulawan mines commenced commercial production in 1anuary 199' and continued until 1une $22$& when it was decommissioned due to unfa#orable metal prices. )t has since been placed on a care,and,maintenance phase. Currently& M!C)& through its subsidiary& MMC) co#ers the /oyongan and /ayugo deposits under the ilangan Pro8ect which is under prefeasibility stage. 9s of :ecember %1& $211& Philex Mining has ;5&265 stockholders& with %6.<1 percent of its outstanding shares owned by foreign nationals and institutions. Page = 1

II.
>ision

MISSION-VISION

0ur #ision is to be a highly respected& world,class natural resource company committed to deli#er excellent #alue to its in#estors& employees& and other stakeholders. Mission ?e are a responsible mining corporation that disco#ers and processes minerals and energy resources for the use of society.

III.

ORGANIZATIONAL CHART

IV.

CORPORATE STRUCTURE

V.

FACTS
3irst mining company in the Philippines to ha#e earned the )nternational tandard 0rgani-ation *) 0+ 1;221 certification since $22$. @argest mining company in the Philippines

Made the first underground block ca#e mine in the 3ar !ast Aas produced 5.% million ounces of gold and $.2 billion pounds of copper to,date from Padcal mine.

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