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US Shareholder Visits A Small Scale Mining Operation In Masbate, Paracale & Cagayan De Oro Gold Mine Sites - To See the Gold Production, Pearl Asian Mining Reports

Posted on: Friday, 18 August 2006, 09:00 CDT

Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports: Richard C. Miller, a USA Shareholder, visited a Small Scale Mining Operation in Masbate, where XYZ mining site of Pearl Asian Mining is located. Mr. Miller spent at least 2 weeks in the Philippines visiting Masbate, Cagayan De Oro and Paracale gold mine sites. Mr. Miller personally handed out humanitarian goods mostly to the poor children of the host communities, while he was guided by Engr. Gary Gotanco, VP/IR Officer of Pearl Asian Mining.

Furthermore, the gold processing equipment from China was released from Customs on August 18th. Said equipment is in the process of being delivered by HW Express (Customs broker) to Power Express (freight forwarder), for estimated departure Manila Sunday (Aug 20) morning, arriving Cagayan De Oro, Monday (Aug 21) evening, for delivery the next day.

"According to Engr. Elvis Hidalgo, Chief Metallurgist, the delivery point is Cauyunan (where there is a helipad), from where the cargo will be transported by helicopter to Binasan Gold mine site. Engr. Hidalgo has obtained quotation for commercial helicopter and military helicopter to ferry the 2.5 metric ton cargo as soon as the equipment arrives next week," reports Engr. Gotanco.

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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