United Paragon Mining Corporation

April 30, 1998 PSE CIRCULAR FOR BROKERS NO. 896-98 SUBJECT : United Paragon Mining Corporation Further to Circular No. 812-98 dated April 27, 1998, United Paragon Mining Corporation ("UPM") furnished the Exchange on April 29, 1998 a copy of SEC Form 34-A (Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on May 27, 1998 , at 10:00 a.m., at the Antipolo Room, Valle Verde Country Club, Pasig City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Certification of Notice and Quorum 3. Approval of the Minutes of the Meeting of the Stockholders held on May 23, 1997 4. President's Report 5. Approval of the 1997 Audited Financial Statements 6. Ratification of the Acts of the Board of Directors and the Management during the year up to the date of the Stockholders' Meeting LLpr 7. Nomination and election of Directors for the current year 8. Appointment of external auditors 9. Other business 10. Adjournment. As previously announced, stockholders of record as of May 11, 1998 are entitled to notice of, and to vote at, said meeting. A copy of UPM's SEC Form 34-A 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