Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to report that it has received a Plan of Operation permit to drill Dobbin from the US Forest Service. The drill contractor and the road building/trenching contractor have been alerted to mobilize their equipment in the coming days. The geological team is in place for a successful summer program at Dobbin. The permit will allow for up to 26 core holes (two holes per 13 drill sites) and 12 mechanical trenches (5,291 feet in total length) focused on an 800-metre long (2,625 foot) portion of the 2.1 kilometres long (1.3 miles) by 200 meters (660 feet) wide gold soil anomaly.

Paul Cowley, Company President and CEO states, "The long wait for our patient supportive shareholders is finally over. We are very excited to begin drill testing Dobbin, this high profile, completely virgin exploration opportunity. We thank the US Forest Service for their efforts in the permit application process. This is a sizable significant Carlin-style gold system that has potential of multiple associated gold deposits and in my view represents one of the best undrilled gold prospects in Nevada, if not the best."

At Dobbin, Phenom has identified a strong 2.1 kilometres long (1.3 miles) and 200 meters (660 feet) wide gold in soils anomaly with a large number of values between 0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton). The northeast linear gold anomaly reflects a northeast trending structure presumed to be subvertical cutting through gently dipping Roberts Mountains Formation carbonates, an important host for many Carlin-type gold deposits in central and northern Nevada. This is a sizable significant Carlin-style gold system with typical coincident elevated pathfinder elements that has never been drill tested.

About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has earned a 100% interest in the Crescent Valley Property, which has a Bonanza high grade gold vein-type and a critical metals IOCG-type target. The Company has options on two other gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, President, CEO and director of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304016

Source: Phenom Resources Corp.