Mr. Paul Cowley reports

PHENOM CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING

Phenom Resources Corp. has closed on a second tranche of its non-brokered private placement previously announced on Jan. 31, 2025, as updated Feb. 4, 2025. In this second tranche, the company issued 500,000 units at a price of 25 cents per unit for gross proceeds of $125,000. In connection with the second tranche, the company paid a total of $875 as finders' fees.

Each unit comprises one common share in the capital of the company and one transferable share purchase warrant of the company, whereby each warrant entitles the holder thereof to purchase one additional share at an exercise price of 35 cents at any time before 5 p.m. PT on March 3, 2028, being the third anniversary of the date of issuance.

All securities issued under the offering are subject to a hold period expiring July 4, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

We seek Safe Harbor.