Mr. Paul Cowley reports

PHENOM REPORTS FIRST GOLD ASSAYS FROM BEDROCK SAMPLING FROM THE DOBBIN GOLD SOIL ANOMALY

Phenom Resources Corp. has released the results of the first-time gold assays from chip sampling of mineralized bedrock within the 2.1-kilometre-long (1.3 miles) and 200-metre-wide (660 feet) gold soil anomaly on its Dobbin gold project. While diligently advancing the permitting process for the first-phase drill program, the company felt compelled to conduct fieldwork to locally expose bedrock and initially characterize grade and continuity for parts of the mineralized system, given the robust nature of the anomaly. Thus, in late June, the company hand-dug seven shallow trenches which exposed bedrock and delivered characteristic gold grades and continuity of a Carlin gold system. Management is pleased to report that a great deal of data were obtained. Assay results are available from three of the seven trenches.

Key take-aways are:

1. Consistently strong gold values with local high-grade intervals, typical of a Carlin gold system;
2. Consistently strong gold values averaging 0.545 gram per tonne gold (0.02 ounce per ton) across 16 metres from one trench;
3. Two consecutive high-grade samples of 10.35 g/t Au (0.37 opt) and 2.11 g/t Au (0.07 opt), each two metres long from a second trench;
4. Consistently strong gold values averaging 0.274 g/t Au (0.01 opt) across 24 metres from the third trench;
5. Very thin soil cover over bedrock, typically only 0.5 to 0.75 metre (1.5 to 2.5 feet) thick.

"This is the first glimpse into the character of mineralization (potential consistency and grade tenor) associated with the large gold soil anomaly with very encouraging results even with this small sampling of a large system," stated Dave Mathewson, director and geological consultant to the company.

Because the large soil anomaly is defined by samples taken on 25-metre spacing, the trench sampling provides a considerable elevation in confidence, relying on a series of continuous two-metre-long individual bedrock chip samples below soil cover. The seven initial hand-dug trenches ranged in length from 13 metres to 26 metres, and were oriented perpendicular to the trend of the soil anomaly and centred over selected elevated gold soil sample sites with the objective of reproducing gold values in bedrock and determining the degree of grade continuity between soil sample sites. The seven trenches are well distributed along a 550-metre length of the gold soil anomaly. The three trenches reported herein are spaced along a 150-metre length of the anomaly. Individual chip sample lengths of two metres consistently returned anomalous gold values from sample to sample along the trenches.

Paul Cowley, president, chief executive officer and director of the company, stated: "While I genuinely appreciate our loyal shareholders patience while awaiting permitting to drill, the hand trenching is our best efforts in the meantime to gain hard data on the system, and the results have been very informative. Further hand trenching is expected now we know the soil cover is so thin and gold values are appreciable."

There are several noteworthy details with respect to these results. The northwestern end of trench DTR-05 ended with two high-grade gold samples (four metres of 6.34 g/t), and the last sample at the southeastern end returned two metres of 0.412 g/t gold. Between these samples was a 20-metre section of 0.07 g/t Au.

Both ends of both trenches DTR-06 and DTR-07 ended in mineralization ranging from 0.208 to 0.598 g/t Au.

Results for the remaining four hand-dug trenches will be reported once available. The company plans to extend the lengths of the first three trenches.

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 composed of 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 Crescent Valley Property, a bonanza-type high-grade gold vein target.

We seek Safe Harbor.