Phenom Resources Corp. provided an update of the Company's field planning and preparation for the summer/fall exploration program in Nevada focused on gold efforts. In addition, Company geologists met in Elko with Dave Mathewson, Company geological advisor, last week to design next steps of exploration on the Crecent Valley gold project.

This included detailed review of previous technical reports, re-examining chips from five historic drill holes and a site visit of the project. The property hosts range-margin large-scale pyrite-bearing epithermal, locally gold anomalous quartz veins exhibiting multi- stage brecciation and multi-stage veining of chalcedony, characteristic of a low-sulfidation bonanza-type gold vein system. Examples of this style of veining are Sleeper, Midas, Mule Canyon, Fire Creek in the north-central Nevada region.

The technical team's consensus was to conduct an Induced Polarization (IP) geophysical survey to provide an aid in directing effective drill targeting along the 4-kilometre length of the vein system. The Company has approached a well-known geophysical contractor to engage and schedule in the IP survey. Once dates are better defined for the IP survey, the Company will report to shareholders.