C03913-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 1, 2016
2. SEC Identification Number
40621
3. BIR Tax Identification No.
000-284-138
4. Exact name of issuer as specified in its charter
APEX MINING CO., INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3304B WEST TOWER, PSE CENTRE, EXCHANGE ROAD, ORTIGAS CENTRE, PASIG CITY Postal Code 1605
8. Issuer's telephone number, including area code
632 7062805
9. Former name or former address, if changed since last report
U1704 17F PRESTIGE TOWER COND., F. ORTIGAS JR. ROAD, ORTIGAS CENTER, PASIG CITY
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 6,227,887,491
11. Indicate the item numbers reported herein
Item 9B

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Apex Mining Co., Inc.APX

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification to the July 1, 2016 Online News Article of BusinessWorld

Source BusinessWorld Online
Subject of News Report "Apex Mining Targets P320-M profit this year"
Date of Publication Jul 1, 2016
Clarification of News Report

Gentlemen:

This is in reply to your query regarding the published article today, July 1, 2016 of BusinessWorld Internet version. The article reported in part that:

“LISTED Apex Mining Co., Inc., said it is aiming to more than triple its profit this year on the back of a higher targeted capacity at its Maco mine in Compostela Valley and a projected recovery in gold prices.

In an interview with BusinessWorld, Apex Mining Comptroller Marion Saul V. Aggarao said the firm set a P320-million net income target this year, a 351% increase from last year’s P71 million. Apex Mining is also looking to generate a billion more in revenues this year to P3.4 billion.

‘Basically, from production and a $1,300 gold price,’ said Billy G. Torres, Apex treasury and budget head, when asked on what will drive its profit.

Apex Mining Executive Vice-President for Geology, Exploration and Operations Graciano P. Perez, Jr. said it is aiming to boost gold production this year to reach 53,000 to 55,000 ounces. This was at least 23% more than last year’s 43,048 ounces of gold, which a record high for its operations.

. . . . ”

In view of the above, we wish to confirm the published article of Businessworld as quoted above. However, we would like to correct the names of the two officers as mentioned in the report. Their names should be Messrs. Graciano P. Yumul, Jr. not Graciano P. Perez, Jr. and Modesto B. Bermudez not Modesto M. Bermudez.

Very truly yours,

(SG.)
Rosanna A. Parica
Corporate Secretary

Other Relevant Information

Please see attached.

Filed on behalf by:
Name Rosanna Parica
Designation Corporate Secretary