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Phenom Appoints Carlin Gold Specialist and Former Newmont Exploration Manager, Dave Mathewson to Board of Directors

Management Changes

Phenom Appoints Carlin Gold Specialist and Former Newmont Exploration Manager, Dave

Mathewson to Board of Directors

January 8, 2024 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF)

(FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce the appointment of Dave Mathewson to

our Board of Directors. Mr. Mathewson has been engaged as a Geological Advisor to the Company since late

2019. The quality and significance of th e Company’s gold portfolio and targets and his desire to grow th at

portfolio in Nevada has compelled Mr. Mathewson to join the Company’s Board of Directors and continue his

role in the ongoing advancement of substantial Nevada gold exploration opportunities for the Company.

Paul Cowley, President & CEO stated, “I am pleased to welcome Dave Mathewson to the Board of Directors,

where we will benefit from his 40 years of conducting and managing gold exploration in Nevada. Mr.

Mathewson’s interest and decision to join our Board of Directors from the Advisory Board is a strong

endorsement on the quality, significance and future of the Company’s gold portfolio and their gold targets in

Nevada. The decision is also timely as we anticipate a strong gold market in 2024. The Company will continue

to advance the evaluation our gold targets with his guidance”.

Mr. Mathewson is a renowned Carlin Gold Trend specialist and former Newmont Mining Corporation Regional

Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and

Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project

is located. During the 1990’s while at Newmont, Mr. Mathewson led the team which discovered the Tess,

Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which to tal over 4 million

ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (GSV -TSX and NYSE) and served

as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North

Bullion gold, Bald Mountain gold and copper, and Sylvania silver and copper deposits, as well as acquired the

Pinion gold deposit, all in the Railroad District.

In addition, today the Company announces the resignation of Dr. Radomir Vukcevic as a director. Dr. Vukcevic

has been a director of the Company since November 6, 2017, and has been a contributor in advancing the

Company and its projects over the years. “On behalf of the Board of the Company, I would like to thank Rad

for his efforts, dedication and contributions over the years”, said Paul Cowley, CEO, President and a director

of the Company.

About Phenom Resources Corp.

Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County , 6 miles south from

the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest

highest grade primary vanadium resource. The Project lies in the Carlin Gold Trend. Approximately 9 million

ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom

property (5-15km).

ON BEHALF OF PHENOM RESOURCES CORP.

per: "Paul Cowley"

CEO & President

(604) 340-7711 [email protected] www.phenomresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

2

Certain statements in this news release constitute "forward -looking" statements. These statements relate to future events or the

Company's future performance . All such statements involve substantial known and unknown risks, uncertainties and other factors

which may cause the actual results to vary from those expressed or implied by such forward -looking statements. Forward -looking

statements involve significant risks and uncertainties, they should not be read as guarantees of future perform ance or results, a nd

they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could diffe r materially

from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release

are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the

Company cannot assure investors that actual results w ill be consistent with these forward -looking statements. The forwa rd-looking

statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligati on to

update or revise any forward -looking statements whether as a result of new information, future events or otherwise , except as

required under applicable securities regulations.