ENVIRONMENT SAFETY AND HEALTH POLICY

The responsibility and commitment of PHILSAGA Mining Corporation to

Safety is reflected in the Environment, Safety and Health (ESH) Policy
Statement duly signed by the incumbent President. This ESH Policy is
posted in the Bulletin Boards located in strategic locations in the mine site
and all its satellite and//or special project sites as follows:
The Management of PHILSAGA Mining Corporation is committed to conduct
its business in a responsible and safe manner, thereby protecting the
environment and the health, safety and well being of its employees, partners,
stakeholders and the general public in the communities where it operates.
The responsible development of God-given resources is the Managements
and employees collective commitment and corporate responsibility.
This commitment shall be enforced by:
1. Mining and processing the ore from the underground workings in full
compliance with all applicable laws and other requirements.
2. Adopting and maintaining industry best practices during its exploration,
development, exploitation and post-mine rehabilitation phases.
3. Implementing and continually improving sound ESH management system
and managing risks that could compromise human life, cause accidents,
injury or illness to people.
4. Ensuring and closely monitor all activities involving hot works and other
related procedure that may lead to fire or damage to property or
unacceptable impacts to the environment or community.
5. Integrating Health, Safety and Environment considerations in the

preparation of project strategies, plans and budgets.

6. Developing and implementing initiatives and/or measures that ensure the
safety and wellness of the employees and the adjoining impacted
communities and its inhabitants.
7. Striving for zero incidents/accidents, injuries and losses in all its activities.
8. Operating and maintaining the mines tails and waste facilities
(environmental structures) in a manner that is safe and in full compliance
will all local and national environmental legislations.
9. Ensuring that front-line Supervisors take the direct hand in pursuing the
safety, environment and health and loss control objectives in the

organization with all the employees being equally responsible for

controlling accidents on and/or off the job.
10. No business objective shall take priority over safety and health.
11. Contribute to sustainable development.
In the pursuit of the foregoing tasks, the PSMC Management and its
employees shall seek the cooperation and participation of all stakeholders of
whom a genuine and lasting partnership built-around responsible mining and
sustainable development shall be established and maintained.
Signed by:
ATTY. RAUL C. VILLANUEVA
President
PHILSAGA Mining Corporation