KUBI

PMI Gold announced that it has paid in full all amounts outstanding to Trafalgar Capital Specialized Investment Fund, FIS, with respect to a $3.5 million bridge loan originally advanced on July 8th, 2008. In addition, the Company announces that the next phase of exploration drilling at Kubi will commence shortly, with a series of drill holes designed to test along strike and down dip of gold mineralization.

PMI Gold announced that a new gold mineralized garnet zone has been intersected in recent drilling at our Kubi Gold Project in Ghana. Gold mineralization was noted in hole KV-09-513 from 69.0m to 75.8m. Best assays were 2.57 g/t Au over a core length of 1.75m at a depth of 72.0m, within mineralized garnet zone assaying 1.07 g/t Au over it's full 6.8m length. True widths are estimated at 70% to 80% of the indicated core lengths. Ground geophysical surveys have been completed with favourable EM, high IP and Resistivity responses for several hundred metres to the south of the KV-09-513 intersection. Further drilling to test the extensions of this zone and to continue testing other ground and airborne EM conductors is planned.

PMI Gold Corporation announces that at the Special General Meeting held on July 8, 2009 in Vancouver, the shareholders have approved a private placement of securities in the capital of the company that may result in Arlyn James Miller acquiring 20% or more of the shares of the company. The private placement, announced on May 26, 2009 to raise $1.5 million, is expected to close on or before July 17, 2009. In addition the company announces that the second phase of the drilling program on our Kubi Gold project in Ghana will commence after the closing of the above noted private placement. The first phase consisted of a 1,005 metre, 8 hole program. Initial gold assay results have been received and indicate that several new gold bearing structures have been intersected. One of the best results to date is 1.0m @ 1.98 g/t Au at a depth of 90.0m in hole KV-09-501 (within a section grading 1.0 g/t over 5.0m from 89.0 to 94.0m)