Apex Mining Company, Inc.

June 15, 1999 PSE CIRCULAR FOR BROKERS NO. 1399-99 SUBJECT : Apex Mining Company , Inc . Further to Circular for Brokers No. 846-99 dated April 23, 1999, Apex Mining Company, Inc. ("APX") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on June 30 , 1999 at 9:00 a.m. at the Valle Verde Country Club, Capt. Javier St., Bo. Ugong, Pasig City. The agenda for the meeting shall be as follows: 1. Call to order; 2. Proof of Notice and Quorum; 3. Approval of the Minutes of the Stockholders Meeting held on 29 July, 1998; 4. Report of the President; 5. Presentation and approval of the Financial Statements as of December 31, 1998 embodied in the 1998 Annual Report; 6. Ratification of the acts of directors, committees and officers of the corporation; 7. Appointment of external auditors; 8. Election of directors; 9. Consideration of such other business as may properly come before the meeting; 10. Adjournment. Stockholders of record as of May 31 , 1999 are entitled to notice of, and to vote at, said meeting. LibLex A copy of APX's Definitive Proxy Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO