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Benguet CorporationBC PSE Disclosure Form 17-14 - Annual Verification of the Mines and Geosciences Bureau Reference: Section 17.14 of the Revised Disclosure Rules
Subject of the Disclosure

Annual Verification of the Mines and Geosciences Bureau (MGB) on Benguet Corporation (BC) mining claims/ tenements pursuant to Section 17.14 of the Revised Disclosure Rules of the Philippine Stock Exchange (PSE).

Description of the Disclosure

Certification from MGB in compliance with the above subject disclosure.

List of valid and subsisting mining properties

1. Benguet Gold Operation, Antamok Gold Operation and Ampucao Copper-Gold Project - The Company is the applicant for MPSA denominated as APSA No. 009-CAR. The MGB-Cordillera Administrative Region (CAR) denied the Company's application. A Motion for Reconsideration and Appeal were filed in MGB-CAR which were denied. On July 18, 2019, the Company filed an Appeal to the Department of Environment and Natural Resources, which was granted through its Decision dated October 5, 2021.
2. The Company's FTAA application in the Province of Ilocos Norte denominated as AFTA-000003-I is under evaluation by MGB.

List of valid mining claims/leases, including a disclosure of all liens/encumbrances

1. Pantingan Copper-Gold Project (MPSA No. 154-2000-III). The Company holds an operating agreement with MPSA holder Balanga Bataan Minerals Corporation (BBMC). The project is under exploration period.
2. Zamboanga Gold Project - The Company holds an operating agreement with Oreline Mining Corporation (OMC) with MPSA application denominated as APSA No. 000015-IX. The MGB Regional Office (RO) No. IX denied the application. The Company filed a Motion for Reconsideration which was denied. An appeal was filed to MGB Central, which was granted on 04 November 2020 reinstating the APSA.

Other Relevant Information

Attached is a copy of the Certification issued by the MGB.

Filed on behalf by:
Name HERMOGENE REAL
Designation Corporate Secretary

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Benguet Corporation published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 00:46:02 UTC.