Robin Dow, CEO of Phoenix Matachewan Mines Inc. ("Phoenix") (TSX VENTURE:PMM)
announced today that Paul Jones, President and a director, has resigned to focus
on his other public company responsibilities. John McNeice has resigned as CFO
to pursue other full time activities. Phoenix is currently seeking new members
for the management team.


For further information, please go to www.phoenixmatachewan.com.

"The statements in this Press Release may contain forward looking statements
that involve a number of risks and uncertainties. Actual events or results could
differ materially from the Company's expectations and projections. The TSX
Venture Exchange has not approved or disapproved of the information contained in
this Press Release."