PHENOM RESOURCES CORP - PHNMF STOCK NEWS

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has announced its Annual General Meeting scheduled for December 12, 2024, at 10:30 a.m. in Vancouver. The meeting agenda includes receiving audited financial statements, electing four directors, re-appointing auditors, and considering the Omnibus Equity Incentive Plan.

Due to a postal strike, the company is utilizing exemptions under Coordinated Blanket Order 51-931 for proxy-related materials distribution. All meeting materials are available electronically on the company's website and SEDAR+. Shareholders can vote via proxy form, with a submission deadline of December 10, 2024, at 10:30 a.m. Pacific Time.

Phenom Resources has provided an update on the Dobbin gold soil anomaly in Nevada. The company has identified a 600-metre long by 200-metre wide trend of significant veining and jasperoid alteration, interpreted as a faulted off south-western extension of the gold anomaly. Initial soil results show positive findings in gold and pathfinder elements. The company has dispatched crews to expand the soil grid to cover a 550-metre by 200-metre gap. The gold soil anomaly currently extends at least 1.3 kilometres, with potential for further extension. The anomalous zone is believed to be controlled by northeast-trending structures cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.

MK Plus, a Japanese battery company, has secured US$50 million in funding to build their first pilot plant in Japan for vanadium solid-state batteries. Phenom Resources Corp. (TSXV: PHNM) owns a 5% equity stake in MK Plus. According to MK Plus's presentation, their battery technology offers significant advantages over vanadium redox flow batteries (VRFB), including 100 times faster charging speeds, using one-tenth of vanadium, +100,000 deep cycle life without fire risk, and performance stability at temperatures between 100°C and -40°C.

Phenom Resources has initiated drilling operations at its Crescent Valley Gold Project, located 22 km southwest of Carlin, Nevada. The project represents a high-grade, bonanza-vein gold prospect within the Northern Nevada Rift near the Carlin Gold Trend. According to Director Dave Mathewson, the project contains Nevada's largest known quartz vein system and shares similarities with the SLEEPER deposit, which was operated by AMAX Gold from 1986-1996 as the world's lowest-cost gold producer at $103/oz. The site features multi-event, silica-healed hydrothermal breccias with characteristics typical of above-boiling zones of hydrothermal fluids.

Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) has announced new soil sampling results from its Dobbin Gold Project in central Nevada. The gold anomaly has been extended from 900 meters to 1.3 kilometers in length, with gold values ranging from >0.1 g/t Au to 2.73 g/t Au. Additional prospecting has identified a 600-meter-long by 200-meter-wide trend of similar alteration, interpreted as a faulted southwest extension of the anomaly. Soil sampling over this new segment is complete, with assay results expected in two weeks. The anomaly is controlled by northeast-trending structures in Roberts Mountains Formation carbonates, a host for Carlin-type gold deposits. The company has also added more claims to the Dobbin Property.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) announces plans to begin drilling at its Crescent Valley Gold Project in mid-October. This follows positive results from an IP geophysical survey completed in August. The project, located in Northern Nevada, is described as a high-grade, bonanza-vein gold prospect within the Northern Nevada Rift, near the Carlin Gold Trend.

Dave Mathewson, Director and Geological Advisor, compares the project's setting to the SLEEPER deposit in Humboldt County, Nevada, which was once the world's lowest-cost gold producer. The Crescent Valley Gold Project controls a 4 km strike-length of a large low-sulphidation epithermal vein system, featuring multi-event, silica-healed hydrothermal breccias. The project is located 22 km southwest of Carlin, Nevada.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has released historic drill results from its recently optioned King Solomon Gold Project in central Nevada. The project, located 120 km southwest of Eureka, NV, covers a regional-scale Carlin-type gold system. Highlights include:

- 11 historic drill holes within a 425m by 250m area
- Shallow, consistent gold intercepts
- 9 of 11 holes have intercepts starting less than 46m from surface
- 9 of 11 holes ended in mineralization, indicating open opportunity at depth

Dave Mathewson, Company Director and Geological Advisor, believes there is excellent potential for significant Carlin-type gold deposits at King Solomon. The company has initiated permitting steps for drilling.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has reported significant gold results from its Dobbin Gold Project in Nevada. The company identified a 900-meter long by 220-meter wide gold anomaly in soil samples, with values ranging from >0.1 g/t Au up to 2.73 g/t Au. This linear anomaly reflects a northeast-trending structure cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.

The anomaly is open-ended, prompting additional soil sampling to test up to a 1.7 kilometer potential strike length. Multiple areas of black jasperoid were noted during the sampling. Dave Mathewson, Director and Geological Advisor, described the anomaly as a 'mine deposit-scale anomaly' and a 'significant discovery indication event'. The geochemical levels of gold and associated pathfinder elements suggest the presence of a significant Carlin-style gold deposit.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has announced a partnership with MarketSmart Communications Inc. for investor relations services. The initial agreement is for six months, with Phenom paying $7,500 per month plus taxes. MarketSmart and partner Chad Levesque will each receive 100,000 stock options at $0.45 per share, vesting over 12 months.

In project news, Phenom has completed an IP/Resistivity survey at its Crescent Valley Gold Project, with data processing underway to focus drill targeting. Mapping and sampling continue at the Dobbin Gold Project, with results expected mid-August. For the King Solomon Gold Project, data consolidation and 3D modeling of previous drilling are in progress to plan future field activities and drilling stages.