PHI Mining Group Inc. announced that its parent PHI GROUP Inc. has signed an agreement with VCS Mining, LLC that will allow PHI Mining to become an equal partner with VCS Mining projects to explore mining opportunities in Haiti. A geological study of the northeastern section of Haiti situated along the margin of the Caribbean plate reveals the presence of copper and gold porphyry deposits. This geological environment in Haiti, which hosts numerous gold and copper occurrences, is similar to the Pueblo Viejo deposit in the adjacent Dominican Republic. The VCS-PHI Joint Venture will initially focus on further exploration in selected locations that are expected to show significant mineralized deposits, the northeastern and southeastern areas of Haiti.

PHI Mining Group Inc. announced that its wholly owned subsidiary Indochina Mining Corporation (IMC), has signed an agreement with Enter Blessing Company Limited, a Thai company, to form a joint venture company, IMC Thailand Manganese Co., in order to exploit manganese deposits in Thailand. According to the agreement, IMC will contribute $5.5 million for 51% equity ownership in the joint venture company, subject to the confirmation of a minimum reserve of 300,000 metric tons using geophysical measurement method. The value of this manganese mine is estimated to be in excess of $75 million.

Effective November 26, 2008, DDC Industries, Inc. filed an amendment to its Articles of Incorporation with the Secretary of State of Nevada. The amendment changed the Company's name to 'PHI MINING GROUP, INC.' and was approved by the Company's Board of Directors and a majority of its shareholders.