Pearl Asian Mining Industries, Inc. is Approved for Trading on Third Segment of the Frankfurt Stock Exchange.

MANILA, Philippines -- Pearl Asian Mining Industries, Inc. (OTC:PAIM), a fast-growing international gold mining company, announced today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol is "R1Z" and the German securities code: (WKN) is A0JJXZ.

Pearl Asian's CEO, Jason Piamonte, commented: "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make obtaining our shares less problematic for German and European potential stockholders and will provide substantially improved liquidity in our common stock overall."

Mr. Piamonte said: "Additionally, we are striving to enhance our corporate visibility in Germany and expand our corporate image to a broader investor community in Europe. We believe that the Frankfurt Stock Exchange listing will assure that our compelling story will now reach a much larger European investor audience."

The Frankfurt Stock Exchange

The FWB Frankfurter Wertpapierborse is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche BErse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra(R) in addition to the traditional floor trading. Xetra(R) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.

Pearl Asian Mining Industries, Inc. was created in the spring of 2003 to fulfill the vision of a highly profitable business based on the mining of gold and other God-given mineral resources. Drawing on world-class talents of world-renowned mining engineers, civil engineers, geologists, and support teams, Pearl Asian Mining Industries is a fast-growing international mining operation that is working to realize the potentials of previously underdeveloped mining operations. Pearl Asian is fully committed to both its investors and the communities in which it operates and will use its impressive technical resources to ensure the best for all parties. Whether addressing returns on investment or health and safety, Pearl Asian Mining Industries pledges the highest degree of concern. Pearl Asian Mining Industries, Inc. is going to lead the Filipino mining industry into the 21st century with consideration, compassion and progress.

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 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.