FEC RESOURCES INC. (OTCBB: FECOF, Frankfurt/Munich: FE8)) ("FEC") wishes to advise shareholders that it has noted the following announcement made by Forum Energy PLC. ("FEP").

"Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, notes press reports in the Philippines today concerning Service Contract 72 ("SC72") and confirms the Company has requested an extension to the second-sub phase of the Service Contract 72 contract from the Philippine Department of Energy ("DOE")

Drilling work had been scheduled to be concluded at SC72 within the second Sub-Phase of the Service Contract on or before 14 August 2013, however the requisite approvals from the DOE to conduct the proposed work programme (comprising of a geotechnical survey and the drilling of two appraisal wells) have to-date not been received. In addition the Company is currently awaiting approval on the extension request.

Further updates will be made as appropriate."

On behalf of the Board of,

FEC Resources, Inc.

Carlo Pablo

Carlo Pablo

Chairman

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