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)

Nov 28, 2016

2. SEC Identification Number

10044

3. BIR Tax Identification No.

000283731000

4. Exact name of issuer as specified in its charter

PHILEX MINING CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2ND FLOOR LAUNCHPAD, RELIANCE COR SHERIDAN STS., MANDALUYONG CITY Postal Code 1550

8. Issuer's telephone number, including area code

(02)631-1381

9. Former name or former address, if changed since last report

#27 BRIXTON ST., 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	4,940,399,068

11. Indicate the item numbers reported herein

17-C

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.

Philex Mining CorporationPX

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 ON NEWS ARTICLE ON PHIL.STAR

Source	philSTAR.com
Subject of News Report	“Philex Mining Corp. is seen to gain from the weakening peso in terms of higher earnings."
Date of Publication	Nov 28, 2016

Clarification of News Report
Gentlemen: We write with respect to the attached news article entitled “Weaker peso a boost to Philex” posted in philSTAR.com on November 27, 2016. The article reported in part that: “Philex Mining Corp. is seen to gain from the weakening peso in terms of higher earnings. Philex Mining chairman Manuel V. Pangilinan told reporters at the sidelines of the MVP Bossing Awards the miner is expected to benefit the most among all the companies he leads from the weakening of the peso against the greenback. ‘The main beneficiary is Philex (Mining) because all of its revenues are denominated in dollars,’ he said… For this year, he said Philex Mining is expected to generate $230 million worth of revenues.” Please be advised that the Company confirms the statements in the article. For your information.
Other Relevant Information
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