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Author Topic: PAIM and PAIMPR
buzzygresham
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I was just wondering if anyone knew the conversion rate on this right now. It was 10000 PAIMPR to 1 PAIM last time i checked. Does anyone know if it is still the same?
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bobcat88
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Should be the same, for 5 years if I'm understanding it corectly.

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"Man who excels at putting worm on hook is Master Baiter"

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buzzygresham
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there were three different conversion rates over the period of 5 years. it was 10000 to 1. then it was something like 1000 to 1, then 100 to 1 and then 1 for 1. it was something like that, i just cant remember the time frame they all fell in. the 10000 to 1 ended after the first year or something. i cant remember when the divy was given out is the main prob
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PCola77
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buzzy, I am prety sure the breaks were all on even years, so since it's only been a few months I'm 99% sure we're still at the 10,000:1 conversion. I'll go through my stuff and find you the real conversions in a bit.
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PCola77
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Here you go man:

http://biz.yahoo.com/bw/060830/20060830005297.html?.v=1

Current to March 30, 2007 10,000 1 Common Share
March 31, 2007 - March 30, 2008 5,000 1 Common Share
March 31, 2008 - March 30, 2009 2,500 1 Common Share
March 31, 2009 - March 30, 2010 1,250 1 Common Share
March 31, 2010 - March 30, 2011 625 1 Common Share
March 31, 2011 and after 500 1 Common Share

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bobcat88
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PAIM -- Pearl Asian Mining Industries Inc.
Com ($0.001)(New)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Pearl Asian Mining Industries Reports that it has Entered into a Cooperation Agreement with China's Biggest Gold Refining/Smelting Company


A Safety and Security at Project Cagayan de Oro Further Strengthened as Peace and Order Agreement is Reached with Local Leaders of Surrounding Areas

MANILA, Philippines, Nov 16, 2006 (BUSINESS WIRE) -- PEARL ASIAN MINING INDUSTRIES, INC. (OTC:PAIM) reported today that it has entered into a cooperative arrangement with China National Gold Corporation (CNGC), which owns and operates the largest gold smelting plant/refinery in China. The Memorandum of Understanding (MOU) was signed last November 11th, 2006 at CNGC's Headquarters in Beijing, China by E. Pearl Asian, Founder/Chairman of PAIM, and Mr. Xie Yuanyuan, General Manager of the CNGC International Trading Company. The MOU outlines the forging of a synergistic working alliance between PAIM and CNGC resulting in a mutually beneficial business partnership, which includes smelting & refining of Pearl Asian's gold bullion to at least 99999% purity and the design of processing equipment for PAIM's various Philippine mining prospects, among others.
"This MOU is another step taken by Pearl Asian Mining Industries to ensure that its core competencies are enhanced, particularly in gold processing and refining," stated E. Pearl Asian. "Pearl Asian is currently evaluating at least five (5) new small-scale mining areas and at least two (2) on-going large-scale mining concerns, and not to mention XYZ mine which is still under right-of-way negotiations, and this list of mining prospects continues to grow by the day. With the company's aggressive thrust to explore and acquire new mining projects, all of which will require processing equipment, one of the main benefits from this new agreement is the facilitation of design and acquisition of the necessary processing machinery, at optimum cost considering the low manufacturing, design, freight and other associated costs of importing from China. CNGC has been proven to be a trusted supplier of efficient gold processing equipment, as evidenced by its continuing business relations with more than 40 firms outside China, including some of the biggest mining companies in Russia and Eastern Europe," E. Pearl Asian added.

In another development, Pearl Asian Mining also announces the strengthening of security and personnel safety at Project Cagayan de Oro after a discussion with local leaders resulted in a Peace and Order Covenant. The said meeting was presided by E. Pearl Asian at Hotel Koresco, Cagayan de Oro City, last November 8th, 2006, and present were three sultans or muslim leaders, six leaders of indigenous tribal communities, and other Pearl Asian Mining officers and staff. "With this covenant, we expect to go full-speed with our target to produce revenues within this quarter as the safety and security of our personnel are ensured especially along the roads leading to the minesite," stated Bro. Manny Tecson, EVP-Community Relations Officer.

FORWARD STATEMENTS:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Pearl Asian Mining Industries Inc. - Philippines

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"Man who excels at putting worm on hook is Master Baiter"

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buzzygresham
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thanks PCOLA. i appreciate it. i just couldnt remember the details. and actually i cant remember exactly when the divy was given so your help is much appreciated
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superman7
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PAIM .0012 resistance is breaking on the news out!

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please dont trade stocks on my alerts, do your dd first.

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superman7
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level 2 is looking really thin right now...this could run!

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please dont trade stocks on my alerts, do your dd first.

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superman7
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only 1 left on the ask now

.001(4) by .0011(1)

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please dont trade stocks on my alerts, do your dd first.

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superman7
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no 5 mms on the bid and still only 1 on the ask

.001(5) by .0011(1)

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please dont trade stocks on my alerts, do your dd first.

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superman7
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very nice volume in pre-market...already 11 mil in volume...all buys

.001(4) by ..0011(1)

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please dont trade stocks on my alerts, do your dd first.

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superman7
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big buys starting to roll in

already 30 mil in volume in the 1st minute..all buys!!..we nee to get MM CLYP of the ask he is the main MM

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please dont trade stocks on my alerts, do your dd first.

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superman7
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PAIM...now only 2 left on the ask!

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please dont trade stocks on my alerts, do your dd first.

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superman7
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CLYP just moved to .0015...only 1 left on the ask at .0011

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please dont trade stocks on my alerts, do your dd first.

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PCola77
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superman, you are one crazy dude.
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superman7
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PC, thanks bro lol

i just think that there is some money on the table on this one

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please dont trade stocks on my alerts, do your dd first.

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superman7
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U/T into close...0011(1) by .0012(3)...could be nice for next week!

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please dont trade stocks on my alerts, do your dd first.

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superman7
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gettig nice volume out of the gate!

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please dont trade stocks on my alerts, do your dd first.

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BuckyBarnes
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Is there any news anticipated from PAIM this week?

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"No nation was ever ruined by trade." Benjamin Franklin

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Duncan Idaho
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PAIM needs to scale up that gold mine.

They need to dig 100s of tons per day.

They r still doing research.

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unix555
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Up ! Bid .0013, ask .0014
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Guy Tough
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Look at PAIM today! Rising fast on low volume -
did the MM's finally let her go? Somebody must have some inside info...

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PCola77
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Huh? "Rising fast on low volume"? It's up 1 tick, 2 at its peak.

I'm in this, but that's a pathetic pump attempt.

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BuckyBarnes
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Does anyone have an understanding from PAIM IR about when quarterly financial results and finacial statements are planned for release? If such has already happened, I missed it and would be grateful for someone to point out a link or publication of the current financials. TIA

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"No nation was ever ruined by trade." Benjamin Franklin

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Guy Tough
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Double post
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PCola77
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LOL, I'm the dumbass, when you're the one claiming one tick is a "fast rise", that's a good one.

quote:
Originally posted by Guy Tough:
quote:
Originally posted by PCola77:
Huh? "Rising fast on low volume"? It's up 1 tick, 2 at its peak.

I'm in this, but that's a pathetic pump attempt.

I'm not pumping dumbass,just excited.Because PAIM has been sitting between .0010 and .0012 for a month straight now, a .0015 close is pretty fast.

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MoneyMoneyMoney
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Alright Gentlemen (in particular Guy Tough) we can be constructive without the name calling...

PAIM did close up 15.3846%. Here are the L2's which are "free": Looking pretty good.
http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html

http://www.pinksheets.com/quote/quote.jsp?symbol=paim

Chart: I haven't any shares besides my 2.6billion preferred I'll hold till 2010 at least:
http://stockcharts.com/h-sc/ui?s=PAIM&p=D&b=5&g=0&id=p47951758216

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I buy fast and sell faster!

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richie
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Why give the time to this dog. this company is a big scam stay away.
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Guy Tough
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PCola77, please accept my apology for the outburst on my post. It was uncalled for , and well ,if you want to call me a pumper go ahead, I wont let it bother me.I'm not trying to pump or mislead anyone,I just get very hyped up wwhen I see movement in a sideways stock.
Best wishes.

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BuckyBarnes
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PAIM (.0012) Issues an Update Report on Its Gold Production, Gold Vanity Card, and Shares the Spirit and Joy of Giving This Holiday Season to the Host Communities

Business Wire "US Press Releases "

MANILA, Philippines--(BUSINESS WIRE)--

Pearl Asian Mining Industries: Stock SYMBOLS: U.S.A. (OTC:PAIM): German (GER:R1Z) and (FWB:R1Z) issues the following update on its Philippine operations.

The Gold Team of Pearl Asian & its manpower complement of Higaonon tribesmen continue to work hard and exert its best efforts to produce up to 10 metric tons of gold concentrates at Project Cagayan de Oro. These gold concentrates will be sent to China National Gold Corp. (CNGC) for its smelting and final refining to 99999% purity, at most. In addition, Pearl Asian has also programmed for a substantial percentage of its gold sales to be sourced from its gold-trading operation, wherein the company will buy gold from the gold-rich areas in the country.

Pearl Asian Mining had encountered various factors that have caused actual results to differ materially from those anticipated results. These include risks and uncertainties such as: mining and development risks; the risk of transporting the commodity from the mine site; security, political and regulatory risks as well as the effect of the weather conditions. However, Pearl Asian is still on course to serve the requirements of its buyer, WIET LLC. As per the former's Memorandum of Agreement to sell a minimum of 10 metric tons of pure gold to the latter. The 10 Metric tons of pure gold having at least a 99999% purity will be worth an estimated gross value of more than USD $192 Million based on the current gold market price of at least $600.00 USD per ounce (10 metric tons=10,000,000 grams=321,543 ounces). In particular, Pearl Asian plans to make its first delivery by the 1st quarter of 2007. This delivery schedule also holds true for PAIM's Gold Vanity Card (50 mg weight of 99999% purity). CNGC has advised its willingness to assist Pearl Asian in its development and production of the Vanity Gold Card in partnership with Pearl Asian Mining Industries, Inc. The selling price of each app. 50 mg weight of card is estimated to be worth at least $2,000.00 plus shipping and handling. The first 100 serial numbers and special serial number combinations sold as limited edition will bear a higher price tag.

On the other hand, Pearl Asian continues to bring good tidings and cheer this Holiday Season in the area that covers 4 small remote communities adjacent to the Binasan gold mine site. Pearl Asian is doing the finishing touches in the construction of its very own Community Hospital & Healing Centers located near the mine site. As Pearl Asian is bringing in a USA Team of Medical Volunteers composed of 2 doctors and 2 Nurses on Dec. 10th to begin its first initial medical service-outreach program for the people in the mine site and its nearby communities. The Meditation Center, the Medical Missionaries Quarters and Learning Center are in its final stages of construction together with the development of additional 20 kms of access roads from the main highway of Iligan City to the mine site. All of these were made possible through the generosity of several very special investors: ANANYMOUS Foundation, LLG Foundation, Musich Family Trust, GPI Family Trust & Bosaw Family, as well as several shareholders. Pearl Asian wishes to thank all these US Medical Volunteers and Missionaries together with the Pearl Asian Gold Team and the KAHIB Members in making this 2006 Spirit of Giving a success!

FORWARD STATEMENTS:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Pearl Asian Mining Industries Inc. - Philippines

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"No nation was ever ruined by trade." Benjamin Franklin

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Chart walker
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http://stockcharts.com/h-sc/ui?s=paim&p=D&b=5&g=0&id=p52754477718

Chart looks great....

Stochastic did it's little reset and is now looking to go positive again it looks like ~
The old support of .0010 is now .0012, looking good still...

Should be an interesting week IMO ~

GL Board!

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The "BIG PICTURE" http://www.businessjive.com/nss/darkside.html

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mad tony
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Philippine mudslide toll climbs to 1,086 dead or missing
Mon Dec 4, 10:18 PM ET

LEGASPI, Philippines (AFP) - More than 1,080 people are either dead or missing after rivers of mud and volcanic ash triggered by a typhoon swamped villages in the Philippines, civil defence officials said.

In its morning update Tuesday, civil defence officials confirmed 450 dead from the mudslides around Mayon volcano in the eastern region of Bicol and a further 636 missing, a total of 1,086.

National Disaster Coordinating Centre executive officer Glenn Rabonza said more than 1.14 million people had been affected by the disaster.

It listed a further 599 people as missing in the rest of the Bicol region.

Rabonza said more than one million people had been affected by the disaster, with damage to property alone estimated at about 274 million pesos (5.53 million dollars).

The deadly mudslides were triggered by torrential rains from super typhoon Durian, which mixed with volcanic ash on the slopes of the Mayon volcano.

President Gloria Arroyo declared a "state of national calamity" and authorized the immediate release of a billion pesos (20 million US dollars) to rehabilitate affected areas.

Local Red Cross official Benjamin Delfin told AFP: "We are receiving donations from international organizations at this point as we continue to estimate the cost of this disaster.

"What we need now are medicines, food and items such as blankets, water and plastic sheeting for those who lost their homes."

The NDCC said humanitarian aid was expected from Japan, Indonesia, Malaysia and the United States, while cash was being sent from the United Nations and the governments of Canada and Australia.

more... http://news.yahoo.com/s/afp/20061205/sc_afp/weatherphilippines_061205025939

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Did you ask for it??
http://www.geocities.com/maddtony/rush.html

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BuckyBarnes
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It appears PAIM has released a quartlery report today for the PE September 30, 2006.
It can be accessed through the pinksheets website:

https://www.otcstockinfo.com/repository/651759/651759_FR28.pdf

http://www.pinksheets.com/quote/finance.jsp?symbol=PAIM

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"No nation was ever ruined by trade." Benjamin Franklin

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BuckyBarnes
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PAIM (.0007) Reports on Quantity of Gold Produced, Status of Mine Site, and "Gift of Hope and Healing" by the Medical Mission Volunteers

Business Wire "US Press Releases "

MANILA, Philippines--(BUSINESS WIRE)--

Pearl Asian Mining Industries, Inc., with Stock SYMBOLS: U.S.A. (OTC:PAIM); GERMANY (GER:R1Z) (FWB:R1Z) provides a year-end 2006 update on its Philippine operations. Jason Piamonte, Chief Executive Officer, issues the following report.

A total of 84 grams of gold have been extracted from about 6 metric tons of ore processed at Project Cagayan de Oro (CDO) during the start-up and commissioning phase, excluding ore processed during the trial run, which has been reported previously. The Gold Team expects substantially higher production/capacity utilization rates and gold output once normal production run commences in 2007.

An area covering 5 hectares have been explored, out of the total 20 hectares of the Project CDO mining claim, and the Gold Team is evaluating several other adjacent gold mining claims for possible future development.

The recent typhoons, though not directly hitting CDO, have adversely affected operations by washing out ore stockpiles, covering the rich gold veins and damaging portions of the roads, but the Gold Team has done corrective actions to mitigate extent of damage, i.e., rehabilitation of stockpiles and roads affected.

Project CDO is now ready for full operations, as the mill plant is now fully secured with barbed wire fence and security detail composed of PAIM-employed internal security and security men from the Higaonon tribe manning the perimeter area. The Whispering Hope Healing Center/Clinic, Health Professionals' Living Quarters, Chapel, and the roads have all been completed, way ahead of the medical mission's "Gift of Healing and Hope" last December 14th-16th.

The Pearl Asian Medical Mission composed of committed hard working volunteers: Dr. Sean Wormuth, Sandra Hoskins-RN and Julieta Ludovico-RN, were flown in from the USA by Pearl Asian and initially given a tour of the mine site. They were ably assisted by local health professionals from Iligan City, Lanao Del Norte headed by Dr. Villarin, Head of the Minister of Health, 3 other local doctors, a local nurse, several other health workers and volunteers. The 3-day mission was done at the Whispering Hope Healing Center and then at Rogongon's LLG Foundation Health Center. A total of more than 550 indigent native Indigenous Filipinos were treated of their illnesses and ailments. Pearl Asian wishes to convey its heartfelt gratitude for the selfless efforts of all volunteers and all those who have assisted in making this successful medical mission a reality.

Pearl Asian is committed to improving the lives and welfare of its host communities through its Community Relations Division headed by Bro. Manny Tecson, President/COO of PAIM's Mindanao Gold Projects and shall continue its outreach programs in the years to come with the help of its valued and generous USA Investors.

Pearl Asian looks forward to continuing its gains on to 2007, under the leadership of Chairman/Founder e. Pearl Asian. A Special commendation to the members of the PAIM Gold Team: Jason Piamonte, Randy Villanueva, Manny Tecson, Arnel Morilla, Gary Gotanco, Rick Bernardo, Ariel Caleon, Maria Zonnik, Abby Dormitorio, Mabel Quinto, Elvis Hidalgo, Cesar Rosales, Jonathan Mercado, Regie Selvano, Mike Penalosa, Rochelle Laylay, Andy Cacho, George Carpio, Rene Bravo, Erwin Bravo, Dennis Bravo, Gilbert Jaca, Albert, Arthur, the PAIM Security Forces led by MsSgt. Edward Madrid and Commander Mario Guillermo together with the KAHIB Indigenous People led by Datu(Chieftain Junie) and the 100+ members of the Higaonon mine workers.

FORWARD STATEMENTS:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Pearl Asian Mining Industries Inc. - Philip

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"No nation was ever ruined by trade." Benjamin Franklin

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