Mr. Paul Cowley reports

PHENOM UPDATES ON FIELD PLANNING AND PREPARATION FOR GOLD PUSH

Phenom Resources Corp. has provided an update of the company's field planning and preparation for the summer/fall exploration program in Nevada focused on gold efforts.

Paul Cowley, president and chief executive officer, stated: "Last week, an access road and drill pad were constructed on the Carlin gold-vanadium project designed for hole RC23-17, a 2,000-plus-or-minus-foot hole planned to test the gold system. The site is located where near-surface gold of up to 1.4 grams per tonne gold (0.044 ounce per ton gold) in outcrop is considered high-level geochemical leakage above the deeper target zone and flanking the confluence of the north-south graben fault zone and a northwest-trending splay fault. North-south- and northwest-oriented fault zones are the most significant fault orientations influencing gold mineralization on the Carlin gold trend. Hole RC23-17 will drill into a funnel-shaped IP [induced polarization] anomaly at depth. The company has narrowed down to two drill contractors to conduct the drilling. Once the contractor has been selected and rig date set, the company will report to shareholders. Hole RC23-17 follows the impressive findings in hole RC22-16 from last summer, which encountered the best characteristics of the Phenom-controlled Carlin-type-deposit gold system to date, the most intense alteration and gold-mineralized dolomite-silica-pyrite-breccia within Popovich limestone starting at a 1,680-foot depth."

In addition, company geologists met in Elko with Dave Mathewson, company geological adviser, last week to design next steps of exploration on the Crescent Valley gold project. This included detailed review of previous technical reports, re-examining chips from five historic drill holes and a site visit of the project. The property hosts range-margin, large-scale, pyrite-bearing epithermal, locally gold anomalous quartz veins exhibiting multistage brecciation and multistage veining of chalcedony, characteristic of a low-sulphidation, bonanza-type gold vein system. Examples of this style of veining are Sleeper, Midas, Mule Canyon and Fire Creek in the north-central Nevada region. The technical team's consensus was to conduct an induced polarization (IP) geophysical survey to provide an aid in directing effective drill targeting along the four-kilometre length of the vein system. The company has approached a known geophysical contractor to engage and schedule in the IP survey. Once dates are better defined for the IP survey, the company will report to shareholders.

About Phenom Resources Corp.

Phenom has 100-per-cent interest in the Carlin vanadium project, located in Elko county, six miles south from the town of Carlin, Nev., and Highway I-80, which hosts the Carlin vanadium deposit, North America's largest highest-grade primary vanadium resource. The project lies in the Carlin gold trend. Approximately nine million ounces comprising multiple gold deposits, including past-producing mines, are present near the Phenom property (five to 15 kilometres).

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a qualified person as defined by National Instrument 43-101, and geological adviser to the company.

We seek Safe Harbor.