Mr. Paul Cowley reports

PHENOM REPORTS PROJECT AND CORPORATE PROGRESS

Phenom Resources Corp. has provided a progress report on project and corporate activities. The company has a very busy agenda.

Crescent Valley gold project

The company has engaged Zonge International Geophysical Services to conduct a geophysical survey on the company's Crescent Valley gold project. Crews are currently in the field and are expected to take under three weeks to complete the IP (induced polarization)/resistivity program. The geophysical program is designed to provide important focus to vein-hosted mineralization in this bonanza-type low-sulphidation epithermal setting for better drill targeting. In anticipation of results of this program, the company has already secured a permit to drill targets at Crescent Valley.

Dobbin gold project

An experienced Nevada-based geologist with extensive familiarity with Carlin-type deposits has been detail mapping the Dobbin project since mid May, identifying key stratigraphic units, finding multiple altered areas, more jasperoid than indicated by initial work and evidence of altered dikes which are all positive ingredients of Carlin-type systems. A series of progressive soil sampling campaigns have been done to date to reproduce the gold anomaly previously identified in the 1980s by Newmont and has had positive outcomes; two sizable anomalies have been identified. An infill and expansion soil sampling program were completed last week with samples delivered to the lab. The results of the collective expanded soil campaigns and next steps will be reported once the anomalies are better outlined and quantified.

King Solomon gold project

Data consolidation and compilation has been going on since announcing the project acquisition last month. The company is nearing the end of that stage so that company geologists can design next steps which would include field activities and multistages of drilling so that permitting can be designed accordingly.

MK Plus (Japanese solid state vanadium battery group)

MK Plus' president came to Vancouver last month and spent a day with company president Paul Cowley in fruitful discussions on MK Plus' progress in additional testing with potential customers and on financing progress for its first battery plant. Last year, Phenom secured a 5-per-cent equity interest in MK Plus through an off-take agreement. More news on MK Plus will follow when milestones are met.

Grant applications

The company awaits Department of Environment's (DOE) evaluation of its two grant submissions on the Carlin vanadium project.

In addition, the DOE announced a new funding opportunity last week through its Office of Clean Energy Demonstrations (OCED) with a notice of intent (NOI) for up to $100-million to finance pilot-scale energy storage demonstration projects, focusing on non-lithium technologies, long-duration (10-plus-hour discharge) systems and stationary storage applications. The company will pursue this opportunity once target dates are firmed up by the DOE, anticipating to be in late summer/early fall. Through this funding, OCED plans to finance three to 15 projects, offering $5-million to $20-million each.

Reclamation bonds refunded

Reclamation bonds have been released back to the company for satisfactory reclamation results following the company's exploration work that wrapped up on the AVP, Section 22 and Smoke projects.

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.

We seek Safe Harbor.