| ||Fri Dec 16, 2005|
Private Investor Acquires Ten Percent
| ||News Release #05-21|
PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], announces that Arlyn James Miller of Denver, Colorado, acquired 3,000 common shares of the Company on December 13, 2005 through the facilities of the TSX Venture Exchange at $0.125 per share. As a result of the acquisition, Mr. Miller now owns and controls 3,594,500 common shares representing 10.0% of the issued and outstanding shares of the Company.
The Company controls 464 sq. km. of gold concessions along historically defined gold belts in Ghana, West Africa. These concessions cover areas with extensive artisanal mining, defined gold in soil geochemical anomalies, significant drill intersections, and most recently, identification of many first class geophysical (IP) defined drill targets.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
For further information please contact:
Douglas R. MacQuarrie, President
Telephone: 1 (604) 682-8089
Toll-Free: (888) 682-8089
Facsimile: 1 (604) 682-8094
Or visit the PMI Ventures Ltd. website at www.pmiventures.com
or in German: http://pmi.goldseiten.de
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.
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