| ||Wed Mar 26, 2008|
New Chief Financial Officer Appointed Stock Options Announced
| ||March 26, 2008, Vancouver BC - PMI Gold Corporation (TSX.V:PMV) -- Douglas R. MacQuarrie President and CEO, announces that Philip N. Gibbs has been appointed as the CFO of the Company. Mr. Gibbs is a Chartered Management Accountant and holds an MBA degree.|
Mr. Gibbs has extensive financial management experience in large corporate environments in the manufacturing and retail sectors, both in North America and in Africa. He has provided long term planning and strategic analysis capabilities in those industries, including a focus on maximizing their operational efficiency and capital resources. His experience in systems implementations and development of cost control and management information systems will provide a significant contribution at this stage in the growth of PMI Gold.
Given the Company's aggressive plans to develop our significant in ground gold resources and the current complex financial markets, the Board is very happy to welcome a senior executive of Mr. Gibbs experience.
The Board also wishes to thank Ford Cannon, who has retired as the Company's CFO due to time constraints, and wish him well in his future endeavours.
The Company also announces, subject to regulatory approval, five year incentive stock options expiring on March 25, 2013, to purchase a total of 1,000,000 common shares of the Company, at a price of $0.35 per share, to Directors, Officers, employees and advisors.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
President & CEO
For further information please contact:
Douglas R. MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: firstname.lastname@example.org
or John Mullen: Tel: 41-522-428795, e-mail: John Mullen@bluewin.ch
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com (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. We Seek Safe Harbour.
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