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[QUOTE]Originally posted by BuckyBarnes: [QB] News for 'PAIM' - (Simultaneous Re-Opening of XYZ Gold, Aroroy Gold and Gango Gold Projects To Post An Estimated Initial Annual Gross Gold Revenue of $44,259,400.00; Estimated $1.2 Million Annual Gross Manganese Revenue, Pearl Asian Mining Announces Masbate Gold Processing: Aroroy Gold -7.2 Metric Tons Per Day; XYZ Gold - 250 Metric Tons Per Day & Bukidnon Gold Operation: Gango Gold Rush- 50 Metric Tons Per Day) MANILA, Philippines, Jul 09, 2007 (BUSINESS WIRE) -- Pearl Asian MiningIndustries,Inc. with Stock SYMBOLS: U.S.A. (OTC common shares: PAIM)(OTC preferred shares: PAIMP) announces that after 2 weeks of the re-opening of theAroroyGold Mine site, the Masbate Gold Team led by Ariel Caleon, Sr. V.P. announced the processing of the first 259 sacks of ores into the existing CILtankout of the original target of 210 bags. The Aroroy Gold Team continues to stockpile gold ores for processing as Pearl Asian continues to increase the flowofharvested gold from this mine site. The estimated annual gross revenue fromthismine site is $912,600.00. (Aroroy Gold project: 17 grams per ton per day X 7.2 metric tons of ores per day processing = 122.4 grams or 3.9 ounces per day X$650per ounce X 360 days operations= $912,600 Gross.) Furthermore, a U.S. shareholder and a major investor who recently visited PearlAsian'smine site has agreed to personally invest on the acquisition and re-conditioning of the existing gold mill plant for the Gango Gold Rush Project.Thismill plant is designed to process a minimum of 50 metric tons of gold per day. The mechanical engineering team led by President/COO Engr. Ricardo Bernardoisnow designing an enhancement gold mill plant that will strictly comply withthegovernment's environmental protection program and address the future effectsonits surrounding community. The estimated annual gross revenue for this goldminesite is $5,662,800.00. (Gango Gold Rush: 15 grams/ton per day X 50 metric tons of ores/day processing = 750 grams/day, or 24.2ounces/day X $650.00/oz X360days/year = US $5,662,800 Gross) Pearl Asian has mobilized the initial team members into the XYZ area to startfurtherrehabilitation and exploration of the first existing rich tunnel. Sr. VP/COO Engr. Ricardo Bernardo and his team of mechanical engineers are fasttrackingthe building of the 250 metric tons per day gold processing plant to become immediately operational. The XYZ gold project operation is very vital forPearlAsian Mining, hence, the company will be considered a large-scale gold mining operator. The 250 metric tons of ores per day gold processing mill plantisexpected to be completed within 3-6 months. The estimated annual gross revenue for this gold mine site is $37,674,000.00: XYZ Gold project: estimated20grams per ton per day X 250 metric tons of ores per day processing = 5,000 grams per day or 161 ounces per day X $650.00 per ounce X 360 days operations=$37,674,000.00Gross On the other hand, Pearl Asian Mining is finalizing the acquisition of 2 heavyequipmentsneeded in its Manganese\Project in Nueva Viscaya, as the company receives from its manganese buyers' increasing demand to purchase rich manganeseminerals.This manganese sale can add to the future revenue for PAIM with an estimated additional income of at least a minimum of $100,000 USD per month orannualgross revenue of $1,200,000.00. A unique tailing-ponds reservoir will be built to catch other sensitive,potentiallytoxic by-products of mining operation, as PAIM's USA Environmental Protection Specialist will carefully monitor this particular aspect and programofPearl Asian Mining. Ms. Clare Aslan, leader of the U.S. Environmental Scientist is designing the implementation of the best method to protect theenvironmentof the community as well as the water supplies of the whole Masbate Island.Moreover, Chief Mining Officer Engr. Cesar Rosales and VP/Masbate Gold TeamLeaderAriel Caleon are coordinating with Chief Geologist Regie Selvano & Chief Safety Mining Officer Engr. Jonathan Mercado on fast tracking the APSA -320 asanotherrequirement by DENR (Department of Environmental & Natural Resources) for the final endorsement and certification of PAIM's MPSA - Mineral ProductionSharingAgreement covering the XYZ Gold Project. On June 28, 2007 the Memorandum of Agreement on the right of way access to the XYZ Gold Mine was signed alongwitha harmonious working alliance and community development of the surrounding community of the XYZ Gold Area with the pasteur lease stakeholder.The recent visit of several U.S. shareholders in PAIM's Gold mine sites, particularly the XYZ area, had seen the rich gold presence in that tunnel withprovenconfidence that Pearl Asian Mining Industries is truly a viable mining company. The company is already producing gold and the initial actual revenuesfromthe Masbate and Bukidnon projects are soon to be announced at the end of each quarter report commencing the third quarter of 2007.More working alliances with other small-scale miners and operators in this island had been presented, in which Pearl Asian foresees the four-fold increaseofits gold productions and other minerals in the future. Lastly, "The simultaneous start of the re-opening of these three idle gold minesites,Aroroy Gold, Gango Gold Rush and the XYZ Gold Project, as well as the Nueva Viscaya Manganese Project, Pearl Asian is very, very optimistic that itwillpost an estimated annual gross revenue of $44,259,400.00 plus an estimated $1.2 Million manganese gross revenues," exclaimed Executive President RandolfVillanueva.Forward-Looking Statements: Forward-looking statements involve known and unknown risks, uncertainties andotherfactors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievementsexpressedor implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company'sprojectionsregarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risksanduncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk ofcommodityprice fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks areveryhighly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or reviseanyforward-looking statements, whether as a result of new information, future events or otherwise.SOURCE: Pearl Asian Mining Industries Inc. CONTACT: Pearl Asian Mining Industries Inc. - PhilippinesInvestor Relations:Gary Gotanco, USA: 310-728-6907 or 866-732-7888P.I. - 011.63.2.567.5163IRPAIM*hotmail.comwww.PearlAsianMining.comFAX: 877-317-4430Copyright Business Wire 2007 [/QB][/QUOTE]
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