Apex Mining Co., Inc.

July 20, 1998 PSE CIRCULAR FOR BROKERS NO. 1673-98 SUBJECT : Apex Mining Co . , Inc . Further to Circular No. 1264-98 dated June 8, 1998, Apex Mining Co., Inc. ("APX") furnished the Exchange on July 17, 1998 a copy SEC Form 34-A (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on July 29, 1998 , at 9:00 a.m., at the Valle Verde Country Club, Capt. Javier St., Bo. Ugong, Pasig City. The matters proposed to be taken up are as follows: 1. Reading and approval of the minutes of the Stockholders' Meeting held on August 27, 1997 2. Report of the President 3. Presentation and approval of the Financial Statements as of December 31, 1997 embodied in the 1997 Annual Report 4. Ratification of the acts of directors, committees and officers of the corporation 5. Appointment of external auditors 6. Election of directors 7. Consideration of such other business as may properly come before the meeting 8. Adjournment Stockholders of record as of July 10, 1998 are entitled to notice of, and to vote at, said meeting. 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.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group