PSE Circular for Brokers No. 2747-98

December 11, 1998 PSE CIRCULAR FOR BROKERS NO. 2747-98 REPUBLIC OF THE PHILIPPINES ) SAN JUAN METRO MANILA ) S S SECRETARY'S CERTIFICATE I, FRANCIS V. GUSTILO, of legal age, in my capacity as Corporate Secretary of DIZON COPPER-SILVER MINES INC., with principal address at Suite 214, State Condominium IV, Ortigas Avenue, Greenhills, San Juan, Metro Manila, do hereby certify: That at the Special Board of Directors' Meeting held on December 10, 1998, in which a quorum was present and acting throughout, the Board members approved and adopted the following resolution BOARD RESOLUTION RESOLVED, as it is hereby resolved, that the Management be authorized to set aside, allocate and disburse up to FIVE MILLION PESOS (P5,000,000.00) of the corporate funds to buy shares of stocks of DCSMI. RESOLVED FURTHER that a copy of this resolution be furnished the Philippine Stock Exchange and the Securities and Exchange Commission. LexLib That the above resolution has not been amended or revoked and is in full force as of the date hereof. IN WITNESS WHEREOF, I have hereunto affixed my signature this 10th day of December at San Juan, Metro Manila. (SGD.) FRANCIS V. GUSTILO Corporate Secretary SUBSCRIBED AND SWORN TO BEFORE ME, this 10th day of December 1998 at San Juan, Metro Manila, affiant exhibiting to me his CTC No. 13494174 issued on January 2, 1998 at Paraaque, Metro Manila.