FEC RESOURCES INC. (PINK: FECOF) ('FEC' or the 'Company') would like to bring to shareholders' attention that recent news articles in the Philippines have reported that the MOU between China and the Philippines concerning the exploration of oil and gas properties in the West Philippine Sea ('WPS'), which includes SC 72, has been terminated. In addition, news articles are also reporting that, despite the termination, both the Philippines and China intend to continue to work together on joint exploration in the WPS.

Contact:

FEC HEADQUARTERS

Vancouver

British Columbia

E-mail: info@FECResources.com

Website: http://www.FECResources.com

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