ABORE/ABIREM/EDUBIA

Has the right to acquire 100% of the Edubia Mining Lease situated at Adubea in the Ashanti Region of Ghana.

The first assay results were released from trenches completed on the Switchback North concession, located seven km west of the company's Nkran pit (former Obotan mine). In the first trench, a total of 38 samples were taken over a 55-metre length of the trench, with the section from 35 metres to 48.5 metres grading 4.4 g/t Au over 13.5 metres. In the second trench, a total of 55 samples were taken over 75 metres, with only two one-metre samples grading greater than one g/t Au.

PMI Gold Corp. has acquired the former Obotan, Abore and Adubiaso mines in Ghana, West Africa. These mines are located on the new 89-square-kilometre Abore and Abirem prospecting licences, which have been offered to and accepted by PMI Gold. The mines were previously operated by Resolute Amansie Ltd. -- a subsidiary of Resolute Mining of Australia. Between 1997 and 2002 the Obotan mine produced a total of 730,000 ounces of gold from the Nkran pit at an average grade of around 2.2 grams per tonne. In addition, the Abore and Adubiaso pits, located 12.5 kilometres north and four kilometres north-northwest, respectively, of Nkran, together produced a further 150,000 ounces at similar grades. With this acquisition, PMI now holds 470 square kilometres, in 11 concessions over a 70-kilometre length of the Asankrangwa gold belt.