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Gango Gold Mill Plant to Be Operational By Sept. 20, 2007: Pearl Asian Mining Industries Boosts Up the Joint Venture Agreement in the Gango Gold Rush Area

Posted on: Tuesday, 21 August 2007, 09:18 CDT

Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC:PAIM) (OTC:PAIMP); Germany (XETRA:R1Z.DE) and (Frankfurt:R1Z.F) announces that the Gango Gold Rush's gold mill processing plant will soon be operational by Sept. 20, 2007.

"Several manpower consisting of a team of highly skilled welders, mechanics and electricians were hired to recondition the processing plant. An expert gold assayer is being hired to test the grade of ores prior to feeding into the gold mill plant. Engineer Gil Salutim, a highly skilled mechanical engineer was hired to supervise the gold mill plant operation. The plant capacity is 50 metric tons per day of ores processing, at an average grade of 14 grams per metric ton and expandable up to 250 metric tons as the need arises. Aside from the reconditioning of the existing mill plant, a brand new and modern automatic controlled AARL Gold recovery plant will be added," reported by President/COO Eng'r. Ricardo Bernardo.

Pearl Asian Mining continues to boost up the joint venture agreement with OROGAPCO, an organized gold mining cooperative in Gango, Bukidnon. The Gold mining venture in the Gango Gold Rush area is now in full swing to implement the mining operations within the 58 hectares of land with its known rich gold mine tunnels.

OROGAPCO and Pearl Asian held a General Assembly Meeting last August 17th, attended by about 600 local residents and miners within the 58 hectares Gold Rush area. It was also attended by some Government officials and Concern Government Agency and (LGU's) Local Government Unit. Lady Geologist, Arlene Aguila, clarified the technical aspects of the company's geological and mining operation, including the company's strict adherence to the environmental protection concerns.

In addition, the MGB (Mines & Geo-Science Bureau) and BENRO (Bukidon's Environmental & Natural Resources Office) accepted PAIM's Social Development and Management Program as they are suitable for the community and environmental protection.

"Out of some previous 6 mining companies that attempted to operate in the Gango Gold Rush, only Pearl Asian Mining succeeded to operate because of its unique outreach program and community development. There is no room to stop the rapid growth and expansion of Pearl Asian Mining; its gold mining operations in the Gango Gold area, and its future increase revenues," explained Peter Francisco, Chairman of OROGAPCO.

"More small scale mining stake holders and organizations in the Gold Rush Area are submitting proposals for a joint venture agreement with Pearl Asian Mining, because they saw and proved the credibility of PAIM's gold mining operations as well as the community outreach program implementation," affirmed Manolo Tecson, President/COO Mindanao Operations.

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: Business Wire

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