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Early Warning Report Issued Pursuant to National Instrument 62-103 in Relation to Philippine Metals Inc.

/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/25/16 -- Marshall Farris announces that, pursuant to purchase made via the TSX Venture Exchange, he purchased 100,000 common shares (the "Shares") of Philippine Metals Inc. (the "Company"), at a price of $0.025 per Share. Prior to the purchase of these Units, Mr. Farris owned an aggregate 498,598 Shares of the Company, representing approximately 9% of the Company's issued and outstanding common share capital. Mr. Farris now owns a total of 598,598 Shares of the Company, representing approximately 10.8% of the issued and outstanding common share capital of the Company. Mr. Farris has acquired the Shares for investment purposes and may acquire further securities of the Company for investment purposes, in the market or privately, from time to time.

A copy of the report filed by Mr. Farris in connection with this acquisition is available on the SEDAR website at or by contacting Mr. Farris at the number shown below.

"Marshall Farris"

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Marshall Farris