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Standard & Poor's Initiates Factual Stock Report Coverage on Olympus Pacific Minerals, Inc.

Posted on: Thursday, 3 January 2008, 12:00 CST

Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Olympus Pacific Minerals, Inc.

Olympus Pacific Minerals Inc. (TS:OYM), together with its subsidiaries, engages in the acquisition, exploration, development, and mining of gold bearing properties in Southeast Asia. The company focuses its activities on two multiproject properties located in Central Vietnam, the 30-square-kilometer Bong Mieu Gold property and the 70-square-kilometer Phuoc Son Gold property; and an exploration project in the Philippines, the Capcapo property. Olympus has one gold plant in Vietnam.

The company holds mining and investment licenses covering 30 square kilometers within the Bong Mieu gold project in Vietnam. The investment license covers three deposits: Bong Mieu Central (an open pit), Bong Mieu East (a potentially open-pit deposit) and Bong Mieu Underground (an underground deposit).

Olympus acquired this project in 1997. Olympus owns 80% and the company's Vietnamese partner owns 20% of the Bong Mieu project. The company constructed the Bong Mieu Central open pit mine and associated infrastructure in 2005 and 2006, and commercial gold production commenced in the fourth quarter of 2006. The company pays a 2% royalty based on 80% of the revenues of Bong Mieu Central to Zedex Minerals Limited. Once the Vietnamese partner meets its share of the funding requirements, the company must pay a 3% net smelter return royalty equal to 3% of the sales price when the gold is smelted in Vietnam.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor's service provides factual research coverage enabling information about Olympus Pacific Minerals Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Source: Business Wire

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