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 PMI GOLD - COMMITTED TO GOLD PRODUCTION IN GHANA, AFRICA'S SECOND LEADING PRODUCER PMI Gold's properties are all located in Ghana's Golden Triangle, an area in southwest Ghana with combined current reserves and historical gold production of 168 million ounces. Gold has been mined in Ghana for over 1000 years, and the famous Anglo Gold Ashanti Obuasi mine has been in continuous production for 110 years.  PMI Gold acquired its first interests in Ghana in 2003 from Goknet Mining Company Limited of Accra, whereby PMI Gold could earn up to 85% of Goknet's interests by spending US$3.2 million and by issuing 3 million shares over a 3 year period. In 2005 PMI Gold optioned the Ofoase (84 sq km) concession on the Ashanti Gold Belt, and in 2006 completed its earn in on the Goknet concessions. Goknet subsequently elected to convert its 15% participating interest into a 4% NSR royalty interest. Late in 2006, PMI Gold purchased ½ of this royalty by paying Goknet 3 million shares and US$100,000 and now controls a net 85% direct and option interest in the concessions with the Ghana Government holding a10% free carried interest after repayment of investment capital, and other vendors hold the remaining 4%. In January 2008, PMI Gold entered into a letter agreement with Golden Lion Resources (Ghana) Ltd. ("Golden Lion") and Goknet Mining Company (Ghana) Limited ("Goknet"), whereby Golden Lion will purchase a 100% interest, subject to the government of Ghana's 10% free carried interest, in the Bankame and Ofoase concessions located on the Ashanti gold belt in Ghana. Adansi is the operator and currently holds an option interest in the concessions. Mono Minerals Limited ("Mono"), the registered owner of Ofoase, has also agreed to assign all its underlying rights in the Ofoase concession to Golden Lion. Only a limited program of exploration at Bankame and Ofoase had been planned for 2008 as Golder Associates are completing their initial assessment of the mining potential of our Kubi Gold Project and an initial resource estimate at our Obotan Gold Project. THREE FORMER PRODUCERS ACQUIRED NOVEMBER 2006 In November 2006, PMI Gold acquired, by application to the Government, the 89 square kilometre Abirem and Abore concessions, which cover the former Obotan Mine operations of Resolute Mining of Perth. In January 2007, RSG Global of Perth were commissioned to review all the previous data on the Obotan mine area and report to the Board on the potential for further mining at Obotan, primarily from the margins of and underneath the Nkran pit and from its former low grade rock dump.  PMI Gold now has interests in 11 concessions known as the Ashanti II Gold Project, and located on the Asankrangwa Gold Belt, and in two concessions on the Ashanti Gold Belt, for a total of 663 square kilometres. ACQUISTION OF EDUBIA GOLD LEASE MAY FIT MODEL FOR DEEP, UNDEGROUND RESOURCES This August 2007 acquisition joins the Company's Abirem and Abore concessions together and gives the Company an additional 4,500 metre long and highly prospective gold in soil anomaly which is on strike with and a part of a continuous 13,000 metre long trend on our concessions with host the former Nkran mine and the African Star deposit. Located eight kilometers northeast of Nkran, gold mineralization at Edubia may fit in with our model to develop deep, underground resources. PMI Gold Purchases Nevsun's Kubi Gold Property In September 2007, PMI Gold announced an agreement had been reached with Nevsun Africa (Barbados) Ltd., a wholly owned subsidiary of Nevsun Resources Ltd. of Canada, to purchase its Kubi Gold Project located 20 kilometres south of AngloGold Ashanti's Obuasi mine and 46 kilometres southeast of our Obotan Gold Project. Golder Associates has issued a NI43-101 compliant report based on 212 diamond drill holes and PMI Gold has commissioned a pre-feasibility study believing there is strong potential for significant tonnage of +10.0 g/t ore within the outlined resource and mineable using conventional narrow, selective mining methods. Significant further capital will be required to complete the above program, to be raised through a combination of equity and project financing, and which will be dependant on further positive engineering reports. Maps & Photos
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