PSE Circular for Brokers No. 2762-98

December 15, 1998 PSE CIRCULAR FOR BROKERS NO. 2762-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report (date of earliest event reported 14 December 1998 2. SEC Identification Number The SEC Registration No. of the Registrant is 10044 3. BIR Tax Identification No. The BIR Tax Identification No. of the Registrant is 043 000 283 731 4. Exact name of Registrant as specified in its charter PHILEX MINING CORPORATION 5. Province, country or other jurisdiction of incorporation Manila, Philippines 6. Industry Classification Code (SEC Use Only) 7. Address of principal office Philex Bldg., Brixton and Fairlane Sts., Pasig City 8. Registrant's telephone number, including area code (632) 6319496 9. Former name or former address, if changed since last report The Registrant has not changed its address since its last report to this Honorable Commission 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number Shares Title of No. of Shares Registrant Each Class Outstanding 5,000,000,000 Common A 1,795,779,839 Common B 1,162,010,421 11. Indicate the item numbers reported herein: Item No . 4 . Resignation of Registrant's Director and Officer Mr. Robert A. McCallum, President and Director of Philex Mining Corporation, will retire effective 31 December 1998. On 7 December 1998, the Board of Directors of the Company named Mr. Gerard H. Brimo to act concurrently as the Chairman and President of the Company. Pursuant to the requirements of the Revised Securities Act, the Registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILEX MINING CORPORATION By: (SGD.) BARBARA ANNE C. MIGALLOS Corporate Secretary