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Pearl Asian Mining Industries, Inc. Forward Split Its Shares 1 for 1000 and Re-Incorporated to Wyoming, Now Has New Stock Symbol -- PAIM

Posted on: Tuesday, 7 February 2006, 06:00 CST

Pearl Asian Mining Industries, Inc. (OTC:PAIM), commonly known as "PEARL ASIAN" announces the decision of the Board of Directors to re-incorporate to USA under new Jurisdiction in the State of Wyoming and forward split its common shares 1=1,000.

Effective immediately, the Pearl Asian Mining Industries, Inc. (PRLGF) has changed domicile to the USA under the Jurisdiction of the State of Wyoming having the new Stock Symbol: PAIM.

The Wyoming jurisdiction includes the following assets: (a). 100% of the 12 Gold Mining Claims located in Vancouver Island, British Columbia, Canada (b). 3,000,000 Common Shares of ERDTF stocks; (c) 21+ acres of Hawaiian Real Estate lots located at the Hawaiian Ranchos Estates of the Big Island of Hawaii; (d). PAIM owns 100% of the Mining Operation Agreement (MOA) with the Pearl Asian Mining Industries, Inc. (PAMI) Philippines Corporation.

The Pearl Asian Mining Industries (PAMI)- Philippine Corporation is the 100% holder of the SSMP (Small Scale Mining Permit), mining claims which operate on 20 hectares of the XYZ Gold Mine Site. PAIM has a pending MPSA (Mineral Production Sharing Agreement), for the final Certification to mine over 1,800 hectares of the XYZ Gold Mine Site.

Further, all the PRLGF's existing shareholders and their holdings will remain the same as they are carried over to this new Wyoming Corporation. PAIM, the Wyoming Corporation has unlimited authorized shares and unanimously passed by corporate resolution to forward split 1=1,000. That for every 1 share is to increase to 1,000 shares effective February 14, 2006. This move is hoped to expedite the company expansion plans. PAIM's select and highly experienced Team of Engineers are aggressively continuing the development and building of the XYZ Operation Gold Finger Project.

The investment in PAIM's "Operation Gold Finger" XYZ Gold Project is currently on its exploration and development phases. The target production of its gold, silver & other precious metals is estimated to be in the 4th quarter of 2006. This XYZ Gold Project is planned to be a minimal risk, cost effective enterprise. It will serve as the gold mining model for further projects planned by PEARL ASIAN MINING INDUSTRIES as it continues to grow in the future. PAIM is prepared to bring good returns of investment (ROI) for all its existing shareholders. The Gold Rush of this 21st Century!

Forward-Looking Statements:

This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This Forward-Looking Statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements as a result of new information.

Source: Business Wire

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