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Cash Dividend, Based on Year-to-Date Gold Production and Sales Report Ending July 31, 2007, is Estimated at Around $0.00001 Per Share, Pearl Asian Mining Announces

Posted on: Wednesday, 6 June 2007, 09:00 CDT

Pearl Asian Mining Industries, Inc., with Stock SYMBOLS: U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z.DE) and (FWB: R1Z.F), announces that PAIM's Board of Directors shall determine the final Profit Sharing-Cash Dividend for its legitimate Common Shareholders of record date June 30, 2007 during a board meeting coinciding with its Semi-Annual MBO Meeting. The Cash Dividend will be based on the year-to-date gold production and sales report as of July 31, 2007, but it is initially estimated to be around $0.00001 per share. The Semi-Annual MBO Meeting is scheduled on June 21, 2007 at the Cagayan De Oro Headquarters of Pearl Asian Mining.

Chief Geologist Regie Selvano reports that the Gango Gold Rush Project is one of the promising prospects of Pearl Asian Mining Industries that is expected to contribute good additional revenue based on the computed projected gold recovery. The following estimates were used in the computation: 6-year gold production operation, gold ore reserves of around 1,026,000 metric tons (MT), cut-off grade of 10 g/t (average grade), 90% production recovery and a computed life span of approximately 56 years. In the first year of operation, the estimated net revenue from operations is $73,202.23. Furthermore, using a very conservative 50% overall recovery estimate and assuming a realistic production increase of 100% in the second year, and production is maintained for the remaining 4 years, after 6 years of operation the calculated overall net revenue is $841,434.89 and possibly more.

The Gango Gold Rush Site, located in Barangay Gango, Province of Bukidnon on Mindanao Island, covers a total land area of 59 hectares (146 Acres) with 21 existing tunnels operated by members of the local small scale miners' cooperative and also has an operational gold processing plant on-site. The property, located 14 kilometers (8.7 Miles) south east of Cagayan de Oro City, is accessible through an all-weather farm-to-market road. The area is confined in a slight to moderately sloping topography with elevations ranging from 100 to 450 meters above sea level. The metamorphic rocks that characterize the area, particularly phyllite, host the low sulphidation epithermal gold deposits. Phyllite is commonly foliated, light gray to yellowish green with extremely fine-grained textures. It is composed of microcrystalline quartz with powdered magnetite and possible limonite. The deposit is evidently confined in a sheeted quartz vein having a thickness ranging from 0.5 to 5 m. The small scale miners currently operating in the area manually extract the ore, but Pearl Asian Mining plans to bring in heavy equipment for more efficient operations.

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Furthermore, Investor Relations Officer Jeffrey Alan Bosaw reports: "PAIM's shareholders are massively converting their preferred shares from last year's dividends, into common share. Currently, the Preferred Shares (symbol: PAIMP) are converted on a ratio of 5,000 preferred shares per every 1 common share (Symbol:PAIM). It is estimated that when the record date of June 30 approaches, the total number of outstanding public float will be at around 15 billion shares."

FORWARD-LOOKING 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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