Mr. Paul Cowley reports

PHENOM INFORMS SHAREHOLDERS OF PRESIDENT TRUMP'S EXECUTIVE ORDER: IMMEDIATE MEASURES TO INCREASE AMERICAN MINERAL PRODUCTION

Phenom Resources Corp. has informed shareholders of a milestone executive order signed by President Trump last week that recognizes the importance of mining to the nation, "once the world's largest producer of lucrative minerals," and recognizes that "overbearing federal regulation has eroded its mineral production." It is important to note that President Trump is taking swift action on the industry's issues early on in his administration, which will only improve the mineral sector with the commitment and actions. The executive order is the first decisive step in "taking immediate action to facilitate domestic mineral production to the maximum possible extent" that "can create jobs, fuel prosperity and significantly reduce our reliance on foreign nations."

Among many points, the executive order sets out timely 10- to 30-day co-ordinated action plans for the chair of the National Energy Dominance Council, secretary of defence, the secretary of the interior, the secretary of agriculture and the secretary of energy to advance mineral projects to production. The executive order applies to a pipeline of mineral production projects for which a plan of operations, a permit application or other application for approval has been submitted.

Most relevant to the company is the executive order's earnest move "to solicit industry feedback on regulatory bottlenecks and other recommended strategies for expediting domestic mineral production" that can be acted upon to the needed pipeline of high-quality mineral exploration projects for healthy sustained mineral production. The company will vigorously provide inputs to this solicitation, which could result in swifter drilling on its Dobbin and King Solomon gold projects.

About Phenom Resources Corp.

Phenom has a 100-per-cent interest in the Carlin gold-vanadium project, which has a plan of operation permit on the Carlin vanadium deposit, North America's largest highest-grade primary vanadium resource. The company's Dobbin and King Solomon gold projects have drill permit applications in progress.

We seek Safe Harbor.