100% Completion of the 95% Mandatory Buy Back, Chill Lifted on Deposits, CUSIP Number & Stock Symbol To Remain The Same, Pearl Asian Mining Announces.58.1451 Hectares Segregated For OROGAPCO-Gango Gold Rush, Bukidnon MANILA, Philippines -- Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). common shares: PAIM PAIM Product Assurance Integration Manager PAIM Process, Architecture & Information Management PAIM Proactive Identification Model PAIM Pentathlon Aeronautique International Militaire )(OTC preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. : PAIMP) announces that today it has successfully completed the 95% Mandatory Buy Back of its common shares. The same CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. # 704755107 and Stock Symbol: PAIM will be retained for the Post Buy Back Common Shares. Furthermore, as previously agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy between Pearl Asian Mining, the DTCC DTCC See: Depository Trust and Clearing Corporation and the Transfer Agent, the temporary "Chill" on Deposits and Withdrawals are now lifted after the 100 % completion of this buy back. Therefore, Shareholders and Investors may now resume to deposit and withdraw the post buy back PAIM certificates and trade (buy and sell) freely without any restrictions. To recap, from the Transfer Agent's records the new issued and outstanding float after the buyback of July 20, 2007 are as follows: [TABLE OMITTED] Moreover, updates on the Gango Gold Rush Project of Pearl Asian Mining: On August 6, 2004 the PMRB (Provincial Mining Regulatory Board) and MGB MGB Mini-Gastric Bypass MGB Minor Groove Binder (molecular biology) MGB Manual Gearbox MGB Matthew Good Band MGB May God Bless MGB Medial Geniculate Body MGB Medium Girder Bridge MGB Motor Gun Boat MGB Microsoft Global Briefing Region-10 Survey Team under the Republic Act 7076 had declared and endorsed the Gango Gold Rush - OROGAPCO located in Gango, Libona, Bukidnon Libona is a 3rd class municipality in the province of Bukidnon, Philippines. According to the 2000 census, it has a population of 33,273 people in 6,389 households. History of Libona . It had segregated a total of 58.1416 hectares for the Minahan Bayan (Mining Town). On July 31, 2004 the local town's Barangay Council of Libona had fully endorsed and approved the legitimacy of the small scale mining association and operations of OROGAPCO that consists of at least 21 existing gold tunnels; and to allow foreign investors to assist in their mining operations and the construction of the gold mill processing plant. Pearl Asian Mining and its private shareholder have legal joint venture agreement and are currently in partnership with the OROGAPCO. No private placements of PAIM stocks were committed to Dr. Wellbrook as the private purchaser for the gold mill processing plant. Dr. Wellbrook cared so much for the poor people that during his trip to Binasan Gold Mine site last July, 2007, he had offered free medical treatment, adjustments and analysis to over 150 poor people in the Kramer Foundation Healing Center, the Pearl Asian Mining's own small medical facility in Binasan, Cagayan De Oro Cagayan de Oro City (pop., 2000: 461,877), northern Mindanao, Philippines. Located along the Cagayan River near the head of Macajalar Bay, it was established as a mission station in the 17th century and fortified by the Spaniards. , Iligan City. He also offered to build an alternative medical school and hospital in Bukidnon to assist in the welfare of the community and the people of the Philippines particularly in Mindanao. Dr. Wellbrook has personally offered Pearl Asian Mining and its partner OROGAPCO to purchase the Gold Mill Processing Plant because he believed in the company, its mining operations and because he has a heart of gold! FORWARD-LOOKING 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 Inexpensive issues of stock, typically selling at less than $1 a share, in companies that often are newly formed or involved in highly speculative ventures. Penny stocks are usually available for sale over-the-counter, that is, among brokers and customers themselves, as 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. |
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