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Pearl Asian Mining Reports That Gold Processing Equipment Has Arrived; Stockpiles of Gold Ores Ready for Processing and Road Development Continues

Posted on: Tuesday, 5 September 2006, 09:00 CDT

Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports that: The Golden Team, together with the KAHIB Higaonon Tribe Indigenous People, continue to work hard in developing a 7-kilometer new access road using a bulldozer, from the town of Sta. Cruz to Binasan gold mine site. This has been a 24 hours a day, 7 days a week road development project led by Civil Engineer Mike Penalosa. This road will become a permanent access road going to the mine site passable using 4x4 truck and other off-road vehicles, which reduces hiking time from 4 hours to less than 30 minutes from the foot of the minesite area. As soon as the road is fully developed, electrical power supply will be brought up the 700 meters height where the Binasan (meaning gold vein under the sun) gold mine site is located. The pilot gold processing plant has been assembled, installed and is fully equipped, powered by a generator set. A metallurgical assay pilot laboratory is being set up in the gold processing plant building, to conduct in-house analysis on the ores especially those obtained from new veins, thus determining its gold/silver contents. The mining engineering group has currently produced over 500 metric tons of stockpile of gold ores ready for processing. Revenues from the gold processing plant are expected as early as Sept. 8, 2006. PAIM is only days away from being in a position to begin generating revenues.

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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