Mining City

October 29, 2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC DISCLAIMER-ADVISORY This DISCLAIMER-ADVISORY is prompted by numerous reports, inquiries, including posts and videos circulating on social media and video-sharing sites where it has been made to appear that MINING CITY or variations of its name such as, among others, PROPHETEK MINING CITY, OPC and other entities connected with it, have completed the SEC company registration process or have in fact been registered with the Commission. HTcADC This is apparently an effort by individuals or group of persons to mislead the public using such false representations to create a semblance of legality to the operations of MINING CITY for the purpose of enticing the public to invest in its scheme which was subject of an ADVISORY issued by the Commission on September 10, 2020. Hence, contrary to these claims and for the guidance and information of the public, per records of the Commission, MINING CITY, PROPHETEK MINING CITY, OPC or any variation of such name using the root word MINING CITY or any entity connected with it, are NOT REGISTERED with the Commission. Likewise, contrary to said false representations, MINING CITY, PROPHETEK MINING CITY, OPC or any variation of such name using the root word MINING CITY or any entity connected with it, have not been issued a secondary license to solicit investments or offer securities to the public for whatever purpose as provided under Sections 8 and 28 of the SRC . As such, MINING CITY, PROPHETEK MINING CITY, OPC or any entity related to MINING CITY , are NOT AUTHORIZED to solicit, offer, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC). The public should likewise be made aware that the issuance of a Certificate of Incorporation only grants entities juridical personality but does not constitute an authority or license for the corporation to engage in activities that require a secondary license from the SEC such as a Permit/License to Offer and Sell Securities to the Public. CAIHTE Further, the offering and selling of securities in the form of investment contracts with badges of a " Ponzi Scheme ," which is inherently fraudulent and unsustainable, is NOT a registrable security . The Commission will not issue a Permit/License to Offer and Sell Securities to the Public to persons or entities that are engaged in this business or scheme. A " Ponzi Scheme " is a scam that involves a scheme where monies from new investors are used in paying "fake profits" to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. The public is again advised NOT TO INVEST or STOP INVESTING in any scheme offered by MINING CITY or such other entities engaged in offering securities or smart contracts, cryptocurrencies and digital asset trading that are not registered with the Commission and the Bangko Sentral ng Pilipinas. Any public offering or solicitation of investments in the Philippines without a prior license or permit from the SEC is strictly prohibited by law and may be penalized by imprisonment and/or fine. Accordingly, the Commission warns all unscrupulous individuals and/or entities that strict penalties are imposed for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulations enforced by the Commission . Those who act as salesmen, brokers, dealers or agents of such unauthorized entities like the operators of the FB Page MINING CITY PHILIPPINES, BITCOIN VAULT INTERNATIONAL and Bitcoin Vault Philippines in selling or convincing people to invest in their investment scheme offered including solicitations and recruitment through the internet may likewise be criminally prosecuted and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or a penalty of Twenty-one (21) years of imprisonment or both pursuant to Sections 28 and 73 of the SRC. Should you have any information regarding any investment solicitation activity by any individuals or group of individuals representing MINING CITY , and those spreading FALSE information that MINING CITY or any entity related to it, has successfully registered and/or obtained a secondary license from the Commission, please send your report to the EIPD at [emailprotected]. For the guidance of the public. aScITE Pasay City, October 29, 2020.