Mr. Paul Cowley reports

PHENOM RETAINS MARKETSMART COMMUNICATIONS

Phenom Resources Corp. has entered into an agreement with MarketSmart Communications Inc., pursuant to which MarketSmart will provide investor relations (IR) services to Phenom for an initial term of six months.

Paul Cowley, Phenom's president and chief executive officer, commented, "We look forward to working with MarketSmart, a leading Canadian IR firm, to help accelerate awareness of Phenom's growth story."

Adrian Sydenham, president of MarketSmart, stated: "MarketSmart is thrilled to be working with Phenom at this stage of its development. Their gold portfolio and green energy vanadium assets are truly unique. Phenom is well financed and has an experienced management team and a great share structure to achieve its corporate objectives and milestones. We look forward to working with the Phenom team and communicating with existing and potential new investors."

Phenom will pay MarketSmart a fee of $7,500, plus applicable taxes, per month; and MarketSmart and Chad Levesque, a MarketSmart partner, will each be granted stock options to purchase 100,000 common shares of Phenom at a price of 45 cents per share for a term of 36 months. The options are in accordance with Phenom's omnibus equity incentive plan and will vest in stages over a period of 12 months such that 25 per cent of the stock options will vest three months after today's date; 25 per cent of the stock options will vest six months after today's date; 25 per cent of the stock options will vest nine months after today's date; and the remaining 25 per cent of the stock options will vest 12 months after today's date. The investor relations agreement and grant of stock options are subject to the approval of the TSX Venture Exchange.

Crescent Valley gold project news

The company engaged Zonge International Geophysical Services to conduct an induced polarization/resistivity geophysical survey on the company's Crescent Valley gold project. The fieldwork has now been completed. Data will be processed and assessed in the coming two weeks to focus drill targeting on the vein-hosted mineralization in this bonanza-type, low-sulphidation epithermal setting. The company has already secured a permit to drill targets at Crescent Valley.

Dobbin gold project

Mapping and sampling are continuing by an experienced Nevada-based geologist with extensive familiarity with Carlin-type deposits. The company will provide a geological, geochemical and structural summary in mid-August. Results of the progressive soil sampling campaigns to reproduce the gold anomaly previously identified in the 1980s by Newmont will also be provided at that time, along with next steps.

King Solomon gold project

Data consolidation, compilation and 3-D modelling of previous drilling is in progress so that company geologists can design next steps, which would include field activities and multiple stages of drilling so that permitting can be designed accordingly.

About Phenom Resources Corp.

Phenom has a 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 within the prolific 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).

The company has options on three additional gold projects in Nevada: the King Solomon and Dobbin properties, which are Carlin-gold-type targets, and the CVN property, a bonanza high-grade gold vein-type target.

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