Dobbin Gold Project Option Agreement Signed

VANCOUVER - Phenom Resources Corp. has signed an Option Agreement for a Carlin-type gold-deposit opportunity strategically located along the northwest trending Sulfur-Lovelock-Austin structural-mineral trend in central Nevada, approximately 80 kilometers (50 miles) southwest of Eureka, Nevada.

Dave Mathewson, Geological Advisor, said, "The Dobbin Gold Project is an exceptionally good Carlin-type gold prospect which I identified in the late 1980's for Newmont. The prospect area was initially identified through an altered cobbles in drainages program, followed up by detailed rock sampling, claim staking, and soil surveys. Soil sampling identified an area on the property of significant elevated gold values in soils consistently ranging between 1g/t and 3g/t Au at surface in highly altered Roberts Mountains Formation. Roberts Mountains Formation is well known to be one of Nevada's best rock hosts for Carlin-type gold deposits."

Paul Cowley, President & CEO, said, "We are very excited to add this high-quality near surface gold asset as we continue our gold push in Nevada, complementing our flagship Carlin Gold-Vanadium and Crescent Valley Projects. Much to our astonishment and delight, this gold prospect had been completely and mistakenly forgotten by the world under the assumption it was still within the Wilderness Area. I spent three days in the anomalous gold-in-soils area on the Dobbin Property. I was very impressed with the intensity and size of the area where the Roberts Mountains Formation is completely silicified (jasperoid); over an area of at least 1 kilometre long and 300 metres wide. And, knowing that there is 1-3g/t Au values reported at surface within this unit is remarkable."