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First Preliminary Gold, Silver & Other Precious Metals Assay Report From XYZ Gold Mine Site of Pearl Asian Mining Industries, Inc.

Posted on: Friday, 24 February 2006, 15:00 CST

Pearl Asian Mining Industries, Inc. (OTC: PAIM) released the first preliminary geo-survey report conducted by a Canadian Geological Company.

The XYZ Gold Mine Site located in the Town of Baleno, Island of Masbate, Philippines has very good potential and shows High-Grade Gold Ores. SAMPLE GOLD SILVER COPPER MOLYB ZINC LEAD AS (GpT) (PPM) (PPM) (PPM) (PPM) (PPM) (PPM) ---------------------------------------------------------------------- 1 0.03 g less than 0.5 10 30 55 30 28 ---------------------------------------------------------------------- 2 0.04 g less than 0.5 70 20 85 10 9 ---------------------------------------------------------------------- 3 21.40 g 86.4 35 5 10 580 3 ---------------------------------------------------------------------- 4 1.35 g 1.8 150 15 20 70 4 ---------------------------------------------------------------------- 5 9.00 g 72.0 400 15 100 970 1 ---------------------------------------------------------------------- 6 0.15 g 8.1 560 10 70 45 1 ---------------------------------------------------------------------- 7 13.23 g 59.6 180 10 1100 1400 2 ---------------------------------------------------------------------- 8 90.37 g 533.6 300 2 7800 9400 1 ---------------------------------------------------------------------- 9 0.04 g 3.5 85 5 2000 850 38 ----------------------------------------------------------------------

Installation of a start-up production plant capacity of 200 Metric Tons per day at the XYZ Gold Mine Site where the occurrence of the High-Grade Gold Ores had been identified and documented: Gold Samples were assayed at 1.35 grams per ton, 21.40 grams per ton and 90.00 grams per ton.

A. The estimated Average of 15.0 grams per ton of Gold Ore can produce

an output of approximately 3,750 grams of Gold per Day; with a

30-Day Month Production Output of 112.5 Kilograms or 3,617.20

Troy Ounces, which is equivalent to US$1,808,510.00 at a buying

price of $500.00 per Troy Ounce.

B. An Annual Gross Revenue from gold production of US$21,702,120.00

is estimated to be generated, aside from sales of silver and other

minerals. The 200 Tons per Day Processing Plant is planned to be

increased to 1,250 tons per day (Equivalent to 6.25 X 200 Tons per

day increased in a 6 -8 month period).

C. A 1,250 Tons per day Processing Plant is estimated to bring a

Monthly Gross Revenues of US$12,303,187.50 ($1,808,510 X 6.25);

or an estimated Annual Gross Income of US$14,638,250.00 from Gold

Production.

D. PAIM has a Macroscopic Plan for the whole Masbate Island because of

its Rich Gold potential. By implementing our Community Mining

Assistance Program to the whole Masbate Island, and improved

production capability of the Community Small Scale Miners, we are

expecting to acquire Additional Income of a minimum of 12

kilograms or approximately 387 Troy Ounces of Gold which is

estimated to be a Gross Revenue of approximately US$193,500.00

E. The $193,500 Gross Revenue Per Day multiplied by 30 Days, is

estimated to be US$5,805,000.00 and calculating for the whole

year (times 12 months) is estimated to be US$69,660,000.00 of

Annual Gross Revenue from the Community Small Scale Mining

Assistance Program.

F. XYZ GOLDPROJECT is estimated to generate a Total Gross Revenue for

the Gold Production, an equivalent of USD$217,298,250.00

which excludes the Revenues from Silver and other Precious Metals.

Forward-Looking Statements:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.

Source: Business Wire

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