Semirara Mining Corporation Among the Top 20 in 2007 Corporate Governance Scorecard for Publicly-Listed Companies in the Philippines

The Company was among the Top 20 Philippine Listed Companies which scored highly in the SEC's 2007 Corporate Governance Scorecard Project jointly conducted with the Institute of Corporate Directors, PSE and Ateneo Law School. This affirms the Company's progress in its overall corporate governance framework through the adoption of global best practices promoting higher standards of performance, transparency and accountability to all stakeholders.