C01113-2023

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)
Feb 13, 2023
2. SEC Identification Number
CS200705606
3. BIR Tax Identification No.
006-710-868
4. Exact name of issuer as specified in its charter
ORIENTAL PENINSULA RESOURCES GROUP, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ORE Central Building, 9th Avenue corner 31st Street, Bonifacio Global City, Taguig City Postal Code 1630
8. Issuer's telephone number, including area code
(+632) 8889-1129
9. Former name or former address, if changed since last report
NA
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 shares 2,878,500,005
11. Indicate the item numbers reported herein
Item 9

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.

Oriental Peninsula Resources Group, Inc.ORE

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 of News Report

Source Bilyonaryo.com
Subject of News Report "From mining to renewables: Carol Tanchay signs $870 million pact with Marubeni for hydro, solar power projects"
Date of Publication Feb 10, 2023
Clarification of News Report

The article reported in part that:

"Bilyonaryo and House Representative Carol Tanchay has picked one of Japan’s largest diversified trading firms as her partner in her foray into the renewable energy business.

In one of the biggest deals signed during President Bongbong Marcos’ state visit to Japan, Tanchay and Marubeni Corp. have agreed to build a 250-megawatt hydroelectric power plant and 150 MW solar power plant.

A megawatt of hydropower costs $3 million to build while a solar megawatt costs $800,000.

Tanchay, owner of nickel mining firm Oriental Peninsula Resources Group (ORE), and Marubeni executive officer Satoru Harada signed a memorandum of agreement in Tokyo Friday with Marcos as key witness.


xxx"


In view of the foregoing, please be informed that ORE owns 30% of the Oriental Energy & Power Generation Corp. (“Oriental Energy”) and it is the latter which entered into a Memorandum of Agreement (the “Agreement”) with Marubeni Corporation, a Japanese corporation.

As confirmed by Oriental Energy, the Agreement with Marubeni Corporation intends to establish a framework to develop and construct renewable power plants with the following capacity:

Hydroelectric power plant - 250 MW; and

Solar power plant - 150 MW

The Agreement represents good faith and statement of intention of the parties to proceed further with the implementation of the collaboration. It shall automatically terminate 2 years from the execution date unless earlier terminated or further extended.

Other Relevant Information

Please note that this disclosure contains soft information. If the parties agree to collaborate and enter into definitive agreement/s, the same shall supersede the Agreement for that particular transaction. The statements made pertaining to the disclosure do not guarantee future contracts, obligations and/or performance and undue reliance should not be placed upon them. As disclosed, the Agreement shall automatically terminate 2 years from the execution date unless earlier terminated or further extended.

Please see attachment.

Filed on behalf by:
Name Lyra Gracia Lipae-Fabella
Designation Corporate Secretary