Philex Petroleum Corporation announced that at the meeting of the company's Board of Directors held on October 30, 2013, the Board appointed Mr. Danny Y. Yu as Treasurer and Atty. Barbara Anne C. Migallos as Compliance Officer of the company effective immediately. Mr. Yu is currently the Chief Financial Officer and Compliance Officer of Philex Mining Corporation.

Atty. Migallos is currently the Corporate Secretary and a director of the company.