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Olympus-Ivanhoe Debt To Be Acquired By Zedex.



TORONTO -- Olympus Pacific Minerals Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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 VENTURTE:OYM OYM Office of Youth Ministry
OYM Open Your Mind
)(FRANKFURT:OP6) reports that it has been advised by Ivanhoe Mines Ltd. and Zedex Minerals Limited that Zedex Minerals has entered into an agreement to acquire from Ivanhoe the US$1,024,226 debt due from Olympus to Ivanhoe. The debt represents the final payment due to Ivanhoe from Olympus for the 1997 acquisition of Ivanhoe's Vietnamese mineral properties.

Olympus Pacific Minerals Inc. as first mover in Vietnam, is positioned to become a leading gold explorer and producer in Southeast Asia. Olympus is committed to its vision of making major discoveries in the region and increasing shareholder wealth.

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Olympus Pacific Minerals Inc. (TSX VENTURE:OYM) (FRANKFURT:OP6)
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Publication:Business Wire
Date:Jan 27, 2006
Words:136
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