NOTICE

Subject	Manila Mining Corporation: Stock Rights Offering – Preliminary Terms and Conditions
Company Name	Manila Mining Corporation

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	MA	Php 0.01
Common Shares	MAB	Php 0.01

Type of Transaction	Stock Rights Offering

Rights Shares
Stock Symbol	No. of Shares	Rights Offer Price
MA	31,159,217,274	Php 0.01
MAB	20,758,140,466	Php 0.01

Rights Entitlement Ratio	1 Entitlement Right for every 5 shares owned
Pricing Date (if applicable)	N/A
Ex-Date	Apr 26, 2022
Record Date	Apr 29, 2022
Start of Rights' Offer Period	May 16, 2022
End of Rights' Offer Period	May 20, 2022
Payment Terms	Please see below.
Lead Underwriter(s)	Penta Capital & Investment Corporation

Other Parties to the Rights Offer
Function	Name of the Party
Escrow Agent	BDO Unibank, Inc.
Legal Counsel	Atty. Ma. Belina B. Mariano

Stock Transfer Agent	Stock Transfer Service, Inc.
Receiving Agent	Office of the Chief Accountant, MMC, 20th Floor, Lepanto Bldg. 8747 Paseo de Roxas, Makati
External Auditor	Sycip Gorres Velayo & Co.
Corporate Website Hyperlink to the Prospectus	http://www.manilamining.com/docs/2022/Preliminary%20Prospectus.pdf
Tentative Listing Date	Jun 20, 2022

Other Relevant Information
The Board of Directors of Manila Mining Corporation (“MA” or the “Company”) approved the conduct of a Stock Rights Offering (“SRO”) of common shares, subject to among others the approval by the Securities and Exchange Commission of the increase in the Company’s authorized capital stock. As indicated in the attached signed preliminary term sheet: . . . . The Offer Shares shall be considered issued upon approval of MMC’s application for increase of authorized capital stock with the SEC, and shall rank equally in all respects with the existing shares after a valid subscription agreement is perfected between MMC and the subscriber as evidenced by the written acceptance by MMC of the application to subscribe and issuance of an official receipt covering the payment of at least 25% of the Subscription Price. . . . On July 21, 2021 and August 17, 2021, respectively, the Board of Directors and the stockholders of the Company approved the increase in the Company’s ACS from Php 2.6 Billion to Php 4.6 Billion. The proceeds from the SRO will be primarily used to fund the 2022 Exploration Program of the Company, for administrative costs and to settle trade payables and accruals of the Company. Please refer to C04976-2021 dated July 22, 2021 and C05730-2021 dated August 18, 2021 for the relevant disclosures of the Company. The Exchange approved the application of the Company for the listing of up to up to 51,917,357,740 common shares consisting of 31,159,217,274 Class “A” common shares and 20,758,140,466 Class “B” common shares (the “Entitlement Right Shares”), with a par value of Php 0.01 per share, to cover its Stock Rights Offering (“SRO”) to all stockholders as of the proposed record date, at an Offer Price of Php 0.01 per Entitlement Right Share. The Exchange’s approval of the listing of the Entitlement Right Shares is subject to the Company’s compliance with all applicable requirements and post-approval conditions of the Exchange. The Payment terms for the SRO will be 25% due within the Offer Period; another 25% due 60 days from the end of the Offer Period and the balance of 50% is due 90 days from the end of the Offer Period. Please refer to the attached preliminary terms and conditions of the Stock Rights Offer for other details. The Exchange will accordingly announce any developments on the Company’s Stock Rights Offer. For your information and guidance.

Other Relevant Information

The Board of Directors of Manila Mining Corporation (“MA” or the “Company”) approved the conduct of a Stock Rights Offering (“SRO”) of common shares, subject to among others the approval by the Securities and Exchange Commission of the increase in the Company’s authorized capital stock.

As indicated in the attached signed preliminary term sheet:

. . . . The Offer Shares shall be considered issued upon approval of MMC’s application for increase of authorized capital stock with the SEC, and shall rank equally in all respects with the existing shares after a valid subscription agreement is perfected between MMC and the subscriber as evidenced by the written acceptance by MMC of the application to subscribe and issuance of an official receipt covering the payment of at least 25% of the Subscription Price. . . .

On July 21, 2021 and August 17, 2021, respectively, the Board of Directors and the stockholders of the Company approved the increase in the Company’s ACS from Php 2.6 Billion to Php 4.6 Billion.

The proceeds from the SRO will be primarily used to fund the 2022 Exploration Program of the Company, for administrative costs and to settle trade payables and accruals of the Company.

Please refer to C04976-2021 dated July 22, 2021 and C05730-2021 dated August 18, 2021 for the relevant disclosures of the Company.

The Exchange approved the application of the Company for the listing of up to up to 51,917,357,740 common shares consisting of 31,159,217,274 Class “A” common shares and 20,758,140,466 Class “B” common shares (the “Entitlement Right Shares”), with a par value of Php 0.01 per share, to cover its Stock Rights Offering (“SRO”) to all stockholders as of the proposed record date, at an Offer Price of Php 0.01 per Entitlement Right Share. The Exchange’s approval of the listing of the Entitlement Right Shares is subject to the Company’s compliance with all applicable requirements and post-approval conditions of the Exchange.

The Payment terms for the SRO will be 25% due within the Offer Period; another 25% due 60 days from the end of the Offer Period and the balance of 50% is due 90 days from the end of the Offer Period.

Please refer to the attached preliminary terms and conditions of the Stock Rights Offer for other details.

The Exchange will accordingly announce any developments on the Company’s Stock Rights Offer.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department