PMEA Blog

TORONTO, CANADA — 11/25/09 — Philex Gold Inc. (”Philex” or the “Company”) (TSX VENTURE: PGI) is pleased to announce the completion of the National Instrument 43-101 (”NI 43-101″) compliant mineral resource estimates for its Bayugo prospect on the Silangan property (the “Bayugo Project”) in the Republic of the Philippines in which the Company has a 50% interest and the other 50% is held by Philex Mining Corporation (purchased earlier in the year from Anglo American), the indirect parent of the Company.

The Bayugo Project is a porphyry-hosted copper/gold occurrence located in an island-arc setting, located in the island of Mindanao, Philippines, approximately one kilometre northwest of the Boyongan copper/gold deposit.

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