Smoke Property Optioned From Mathewson In Independence Eureka Gold Trend

VANCOUVER - Phenom Resources Corp. reported that it is selectively strengthening its gold portfolio in Nevada by signing an Option Agreement exclusively with Dave Mathewson for a property he has held since 2015 and planned to drill himself in the Independence Eureka Gold Trend. The option of the Smoke Property will further strengthen Dave Mathewson's position and engagement in Phenom Resources Corp. He will supervise the exploration on both the Smoke Property and the Carlin Vanadium-Gold Project.

Paul Cowley, President & CEO, said, "We are very pleased to add this high-quality asset from Dave Mathewson who has a proven eye for good gold prospects in Nevada. The terms are very modest to manage, still allowing us to focus the bulk of our treasury on drilling the Carlin Vanadium-Gold Project which is still in progress. In our aggressive fashion, the Company plans to drill the Smoke prospect in November with a first pass 5-7 hole reverse circulation of approximately 1,100m (3,600ft) program.”