Philex Mining Corporation announced the resignations of Messrs. Rolando L. Macasaet and Santiago D.R. Agdeppa from the Company's Board of Directors. The Social Security Commission has advised that its new nominees to the Board of Directors of the Company, vice Messrs.

Macasaet and Agdeppa, are SSS Commissioner Diana Pardo Aguilar and SSS Commissioner Manuel L. Argel SSS Commissioner Anita Bumpus Quitain will continue as a Director of the Company. Effective from January 1, 2024. Reason for resignation: Due to the changes in board seat assignments of Social Security Commission members.