Mr. Paul Cowley reports

PHENOM EXTENDS VANADIUM DEPOSIT SOUTHWARD

Phenom Resources Corp. has released early results from the reverse circulation drill hole RC23-17 planned for a 2,000-foot depth, drilling for gold at the Carlin gold-vanadium project in the Carlin gold trend of Nevada. In the upper section, the hole has encountered a near-surface mineralized vanadium zone. This intercept is now from the southernmost drill hole through the vanadium deposit, resulting in extending the deposit a further 85 metres (280 feet). The vanadium deposit still remains open southward, westward and northwestward for further expansion.

Hole RC23-17, the near-vertical hole, encountered the 19.8-metre (65 feet) vanadium unit starting at 73.15 metres (240 feet). Readings from an X-ray fluorescence hand-held device, which have been found to be fairly reliable with vanadium grades, returned an average of 0.58 per cent V2O5 (vanadium pentoxide). Laboratory assays will be available in November. True thickness of the intercept is not known. This hole's nearest neighbour holes were R-128 and DDH-4, which encountered 13.7 m at 0.51 per cent V2O5 and seven m at 0.91 per cent V205, respectively.

RC23-17 is still in progress.

Concurrently with this drilling, field crews are conducting mapping and sampling efforts on the company's recently acquired Dobbin gold property, in Nevada. Mapping is designed to provide the lithological, structural and alteration context for gold control. Most information will be provided as work continues there.

About Phenom Resources Corp.

Phenom has 100-per-cent interest in the Carlin gold-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).

We seek Safe Harbor.