The Board of Directors of Philex Mining Corporation designated the following as members of the Board Committees: Finance Committee: Chairman: Joseph H.P. Ng, Members: Oscar j. Hilado, ID; Eulalio B. Austin Jr.; Marillyn A. Victorio-Aquino; Diana V. Pardo-Aguilar. Compensation Committee: Chairman: Wilfredo A. Paras, Independent Director, Members: Oscar J. Hilado, Independent Director; Richard P.C. Chan, Santiago Dionisio R. Agdeppa. Corporate Governance Committee: Chairman: Marilyn Aquino, Members: Oscar J. Hilado, Independent Director; Wilfredo A. Paras, Independent Director; Manuel L. Argel Jr. Related Party Transactions (RPT) Committee: Chairman: Wilfredo A. Paras, Independent Director, Members: Oscar J. Hilado, Independent Director; Marilyn A. Victorio-Aquino.

Board Risk Oversight Committee: Chairman: Oscar J. Hilado, Independent Director. Members: Wilfredo A. Paras, Independent Director; Marilyn A. Victorio-Aquino; Joseph H.P. Ng, Manuel L. Argel, Jr. Audit Committee: Chairman: Oscar J. Hilado, Independent Director, Members: Wilfredo A. Paras, Independent Director; Marilyn A. Victorio-Aquino; Joseph H.P. Ng; and Santiago Dionisio R. Agdeppa. Nominations Committee: Chairman: Manuel V. Pangilinan.

Members: Wilfredo A. Paras, Independent Director; Marilyn A. Victorio-Aquino; Joseph H.P. Ng.