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Pearl Asian Mining Industries, Inc. "Operation Gold Finger Team" Began Geological Exploration Studies of the XYZ Gold Mine Site

Posted on: Monday, 27 February 2006, 09:00 CST

Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today that the company hired the geological expertise of the renowned Mayon Geotech & Geo-Environment Services (MGGS), Inc. led by Engr. Gil J. Apuya. The MGGS Team performed exploration and evaluation of the XYZ Mine Site located in the town of Baleno, Island of Masbate, to further determine the Gold Silver Deposits as well as the full potential installation of the Gold Mineral Processing Plant.

On Dec. 16-28, 2004, the first members of the engineering group of the "Operation Gold Finger" Team were on the XYZ Mine Site to oversee the initial project's exploration operation conducted by MGGS. These exploration activities had covered a total of seventy-two (72) hectares that was conducted for a period of fourteen days including mobilization and demobilization. MGGS provided the technical report indicating projected ore reserves, inclusive of all the geological maps, sections, laboratory result analysis of samples and computation of projected ore reserves. MGGS also included in their report the recommended potential site for putting-up the Gold Mineral Processing Plant as well as the site for building infrastructures, road access towards the XYZ Mine Site, scheduled to be as early as the Summer of 2006.

Further activities included research work and collation of existing geological reports, acquisition of field supplies and materials, preparation of working maps and mobilization. The Gold Team coordinated with local officials and residents including recruitment of local residents as guides and laborers for trenching, test pitting, clearing, handling and transportation of samples and sampling. More detailed geological mapping of the area was reported on a 1:10,000 scale. The MGGS identified all outcrops, rock types, alterations and mineralization by megascopic identification. These activities included rock / ores sampling, exact plotting of encountered outcrops, mineralization and preparation of geological maps and sections. They cleared and channelled the samples from the old tunnels and dug pits. The trenching and test-pitting were delineated and traced the continuity of mineralization. The samples gathered were analyzed for Gold, Silver Copper, Lead, Zinc & the Platinum Group of Precious Metals (Au, Ag, Cu, Pb, Zn, Pts.). All these collected information were interpreted. Two batches of samples of approximately 20 Kg of ores each batch, were sent to KNELSON Company of Langley, British Columbia, Canada and ELSA Metals Company of Geneva, Switzerland for further laboratory analysis. The laboratory assay results both by KNELSON & ELSA Metals were utilized for further confirmation of the previous preliminary assay reports and the local laboratory results from OSTREA LAB of the Philippines. This assay results gave the exact design for the gold concentrator plant & gold powder refinery, in which the plant design was based on the type and quality of these XYZ GOLD ORES. Additional activities besides the chemical laboratory analysis included Topographical Survey of the entire XYZ GOLD MINE SITE.

"I am excited to see that further explorations, developments and production activities are in progress as 2006 will be The Best Year ever for Pearl Asian Mining Industries, Inc., after 3 years of its founding and creation. I envision that the last quarter of 2006 will be the beginning of revenue generation months and profitable years ahead; thus benefiting all the existing and future shareholders of PAIM!" exclaimed E. Pearl Asian, Founder & Chairman of the Board.

FORWARD 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.

 CONTACT: Investor Relations e-mail: IR@PearlAsianMining.com URL: www.PearlAsianMining.com PHONE: (866) 732-7888 FAX: (877) 317-4430  

SOURCE: Pearl Asian Mining Industries, Inc.

Source: MARKET WIRE

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