-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MeyU0WHc2bmwjx6LNppbXibj+7vp5xMblIAe/KhnbKKQF7y2khQXJEftGZ/aQiKr BYFUEcAudPwvlkUB0Ggu5w== 0001062993-04-001730.txt : 20041029 0001062993-04-001730.hdr.sgml : 20041029 20041029135629 ACCESSION NUMBER: 0001062993-04-001730 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20040901 FILED AS OF DATE: 20041029 DATE AS OF CHANGE: 20041029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PMI VENTURES LTD CENTRAL INDEX KEY: 0001222108 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50418 FILM NUMBER: 041105531 BUSINESS ADDRESS: STREET 1: 1760-750 WEST PENDER ST CITY: VANCOUVER STATE: A1 ZIP: V6C 2T8 BUSINESS PHONE: 6046817474 6-K 1 form6k.htm REPORT OF FOREIGN PRIVATE ISSUER Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Form 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A or 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of:  September 2004 File No.:  0-1222108 

PMI VENTURES LTD.
(Translation of Registrant's Name into English)

511 – 475 Howe Street, Vancouver, BC Canada V6C 2B3
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20F or Form 40F:

Form 20F   x  Form 40F  ¨  

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes   ¨   No   x  

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with rule 12g-3-2(b): 82 - _____________ .


SUBMITTED HEREWITH

Exhibits

99.1
   
99.2 Material Change Report dated September 1, 2004 announcing the granting of stock options
   
99.3 Press Release dated September 8, 2004 announcing receipt of final assays from the drill program on the Ashanti II Gold Project located in Ghana
   
99.4 Material Change Report dated September 8, 2004 announcing receipt of final assays from the drill program on the Ashanti II Gold Project located in Ghana
   
99.5 Press Release dated September 21, 2004 announcing results from a soil sampling program conducted on the Switchback North – Gyagyatreso Option concession in Ghana

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  PMI VENTURES LTD. 
     
Date:   September 30, 2004 By: /s/ Douglas MacQuarrie 
   
  Title: Chief Executive Officer 
     


EX-99.1 2 exhibit99-1.htm PRESS RELEASE DATED SEPTEMBER 1, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.1

PMI VENTURES LTD.
Suite 511 – 475 Howe Street
Vancouver, BC V6C 2B3
Phone: (604) 682-8089 Fax: (604) 682-8094

News Release #04-15  TSX Venture: PMV 
September 1, 2004  Issued & Outstanding: 26,853,967 
  Fully Diluted: 37,463,851 

PMI VENTURES LTD. ANNOUNCES GRANT OF 1,061,250 OPTIONS

PMI Ventures Ltd. (the "Company")[TSX Venture:PMV], is pleased to announce that, subject to regulatory approval, it has granted 1,061,250 common share purchase options to directors and consultants. The options will expire on September 1, 2009 and have an exercise price of $0.30 per share.

Under the terms of the Company's Option Plan these options will vest over a total period of eighteen months, with one-third vesting every six months from the award date. Option grants are a share-related mechanism intended to attract, retain and motivate qualified directors, employees and consultants and to reward such individuals for their contributions toward the long-term goals of the Company.

On behalf of the Board,

"Douglas R. MacQuarrie"

Douglas R. MacQuarrie
President

For more information please contact:

Douglas R. MacQuarrie, President or Warwick G. Smith & Larry Myles, Shareholder Communications
Telephone: (604) 682-8089 Toll-Free: (888) 682-8089 Facsimile: (604) 682-8094

Or visit the PMI Ventures Ltd. website at www.pmiventures.com and Goknet Mining Company website at www.goknet.net

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.


EX-99.2 3 exhibit99-2.htm MATERIAL CHANGE REPORT DATED SEPTEMBER 1, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.2

FORM 51-902F3
Material Change Report

Item 1

Name and Address of Company

PMI VENTURES LTD.
Suite 511 - 475 Howe Street
Vancouver, British Columbia  V6C 2B3

   
Item 2

Date of Material Change

September 1, 2004

   
Item 3

News Release

A news release issued under section 7.1 of National Instrument 51-102 announcing the material change described below was transmitted to CCN Matthews Newswire Service on September 1, 2004 for public dissemination. The news release was filed via SEDAR on September 1, 2004.

   
Item 4

Summary of Material Change

PMI Ventures Ltd. (the "Company")[TSX Venture:PMV], is pleased to announce that, subject to regulatory approval, it has granted 1,061,250 common share purchase options to directors and consultants. The options will expire on September 1, 2009 and have an exercise price of $0.30 per share.

   
Item 5.

Full Description of Material Change

PMI Ventures Ltd. (the "Company")[TSX Venture:PMV], is pleased to announce that, subject to regulatory approval, it has granted 1,061,250 common share purchase options to directors and consultants. The options will expire on September 1, 2009 and have an exercise price of $0.30 per share.

Under the terms of the Company's Option Plan these options will vest over a total period of eighteen months, with one-third vesting every six months from the award date. Option grants are a share-related mechanism intended to attract, retain and motivate qualified directors, employees and consultants and to reward such individuals for their contributions toward the long-term goals of the Company.

   
Item 6

Reliance on Section 7.1(2) or (3) of National Instrument 51-102

This Report is not being filed on a confidential basis in reliance on subsection 7.1(2) or (3) of National Instrument 51-102.

   

2

Item 7

Omitted Information

No information has been omitted from this Report on the basis that the Company believes that such information should remain confidential.

 
Item 8

Executive Officer

The name and business telephone number of an executive officer of the Company who is knowledgeable about the material change and this Report is:

Douglas MacQuarrie, P.Geo.(B.C.), President
Telephone: 604-682-8089
Facsimile: 604-682-8094
e-mail: info@westafricangold.com

   
Item 9

Date of Report

DATED at Vancouver, British Columbia, this 16th day of September, 2004.

 

PMI VENTURES LTD.

"Douglas MacQuarrie"

Douglas MacQuarrie, P.Geo (B.C.)
President


EX-99.3 4 exhibit99-3.htm PRESS RELEASE DATED SEPTEMBER 8, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.3

PMI VENTURES LTD.
Suite 511 – 475 Howe Street
Vancouver, BC V6C 2B3
Phone: (604) 682-8089 Fax: (604) 682-8094

News Release #04-16  TSX Venture: PMV 
September 8, 2004  Issued & Outstanding: 26,853,967 
  Fully Diluted: 38,525,101 

RESULTS OF DIAMOND DRILL PROGRAM AND COMMENCEMENT OF AIRBORNE SURVEY, GHANA

PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has received final assays from its recently completed drill program on its' Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa.

Drilling within the Fromenda Grid "B" target area totaled 1444 meters in 7 widely spaced diamond drillholes. Approximately 18 kilometers to the southwest of this area, a further 2 diamond drillholes, totaling 430 meters, were completed in the Juabo target area.

Fromenda Grid "B" Target Area (Adansi Gold Fromenda Concession)

Drillholes FB-20 to FB-22 tested a projected southwest plunge to near surface gold mineralization previously outlined in the Main Zone; and drillholes FB-23 to FB-26 tested only two, of at least ten, newly outlined 3DIP geophysical targets.

Auriferous intersections, above 0.4 g/t Au, are as follows:

Hole
Number
 
  Grid    Grid                    Drill    Drill    Assay    Assay
    Easting    Northing    Azimuth    Dip    From    To   Intercept    Intercept    Au    Au
    (m)    (m)     (Deg)    (Deg)   (m)   (m)   (m)    (ft)    (g/t)    (oz/ton) 
FB-20    9612    2020    135    -60    84.12           85.12      3.28    0.41    0.01 
                  105.18       106.80    1.62    5.31    0.40    0.01 
FB-21    9590    2073    135    -45    51.82           60.95    9.14    30.00    0.63    0.02 
FB-22    9620    2099    135    -45    89.20           90.22    1.02    3.35    1.10    0.03 
FB-23    9722    2010    135    -45    55.50           57.30    1.80    5.91    1.59    0.05 
                  98.00           99.06    1.06    3.48    0.41    0.01 
                  101.00       104.00    3.0    9.84    0.41    0.01 
FB-24    9720    1389    105    -45    111.86       112.78    0.92    3.02    0.45    0.01 
FB-25    9764    793    127    -45    148.13       153.10    4.97    16.31    0.99    0.03 
  incl.                151.70       153.10    1.40    4.59    2.70    0.08 
FB-26    9831    970    114    -45                    NSA    NSA 
note: NSA = no significant assays

The discovery of gold values in the new 3DIP anomalies tested above is considered by management to be a very significant development, especially since they are hosted by major shear structures with spatially large geophysical responses. Further drilling to evaluate these two targets and the other eight significant targets outlined by the 3DIP survey is planned for later in the year.

Juabo Target Area (Adansi Gold Gemap Concession)

Diamond drillhole JG-05 tested the downdip extension of gold mineralization discovered in previous holes 03JGDDH-01 (1.23 g/t Au across 7.8m from 26.6 to 34.4m, 3.68 g/t Au across 7.74m from 75.78 to 83.52m, and


2

1.22 g/t Au across 4.57m from 90.22 to 94.79m) and 03JGDDH-02 (1.34 g/t Au across 3.0m from 24.0 to 27.0m, 1.44 g/t Au across 6.0m from 41.0 – 47.0m, and 1.74 g/t Au across 9.75m from 94.8 to 104.55m) .

Drillhole JG-06 was the first diamond drill test of a +1,000 metre long section of a metal factor geophysical anomaly (co-incident high IP effects and low resistivities) – with co-incident gold in soil anomalies. Previous drill holes 03JGDDH-01 to 04 are located along strike 600 metres to the northeast. The Juabo area is geologically similar to the Fromenda Grid "B" target area, however, cross-cutting felsic intrusive dykes are more prevalent.

Auriferous intersections, above 0.4 g/t Au, are as follows:

Hole   Grid    Grid                    Drill    Drill    Assay    Assay
Number    Easting    Northing    Azimuth    Dip    From    To    Intercept    Intercept    Au    Au  
    (m)    (m)    (Deg)    (Deg)    (m)    (m)    (m)    (ft)    (g/t)    (oz/ton)
JG-05    15962    17160    135    -50           53.64           54.61    0.97    3.18    1.93    0.06 
                       121.92       124.42    2.50    8.20    1.42    0.04 
                       163.71       173.71    10.00    32.81    0.67    0.02 
"                         180.71       185.71    5.00    16.40    1.09    0.03 
JG-06    16149    16488    135    -45           67.19           74.19    7.00    22.97    1.78    0.05 
  incl.                       73.19           74.19    1.00    3.28    11.92    0.35 

As noted from the current and previous drill programs on the Fromenda Grid "B" Main Zone, L17N, School Zone North and East , Juabo targets, and elsewhere throughout the Ashanti II Project area, the drilling of shear zones mappable by geophysical techniques has discovered significant new zones of gold mineralization. Based on these results, the Company has contracted Fugro Airborne Surveys to complete a high resolution DIGHEM EM and high resolution magnetic survey over the entire concession area in order to fully outline the major shear and cross structures. Flying is expected to be completed within the next few weeks.

Neil Macfarlane, M.Sc., Exploration Manager, supervised and directed the drilling program. Sample analyses, including repeats, randomly placed blanks, and standards were completed at SGS Analabs Pty. Ltd. at Bibiani and at Transworld Laboratories in Tarkwa, utilizing industry standard 50g fire assay techniques, with atomic absorption finish. In addition, random duplicate samples were also submitted for overall QA purposes.

On behalf of the Board,

"Douglas R. MacQuarrie"

Douglas R. MacQuarrie
President

For more information please contact:

Douglas R. MacQuarrie, President or Warwick G. Smith & Larry Myles, Shareholder Communications
Telephone: (604) 682-8089 Toll-Free: (888) 682-8089 Facsimile: (604) 682-8094

Or visit the PMI Ventures Ltd. website at www.pmiventures.com and Goknet Mining Company website at www.goknet.net

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.


EX-99.4 5 exhibit99-4.htm MATERIAL CHANGE REPORT DATED SEPTEMBER 8, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.4

FORM 51-902F3
Material Change Report

Item 1

Name and Address of Company

PMI VENTURES LTD.
Suite 511 - 475 Howe Street
Vancouver, British Columbia V6C 2B3

 
Item 2

Date of Material Change

September 8, 2004

 
Item 3

News Release

A news release issued under section 7.1 of National Instrument 51-102 announcing the material change described below was transmitted to CCN Matthews Newswire Service on September 8, 2004 for public dissemination. The news release was filed via SEDAR on September 8, 2004.

 
Item 4

Summary of Material Change

PMI Ventures Ltd. (the "Company")[TSX Venture:PMV], is pleased to announce that it has received final assays from its recently completed drill program on its' Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa. Based on results received, the Company has contracted Fugro Airborne Surveys to complete a high resolution DIGHEM EM and high resolution magnetic survey over the entire concession area in order to fully outline the major shear and cross structures. Flying is expected to be completed within the next few weeks.

 
Item 5.

Full Description of Material Change

PMI Ventures Ltd. (the "Company")[TSX Venture:PMV], is pleased to announce that it has received final assays from its recently completed drill program on its' Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa.

Drilling within the Fromenda Grid "B" target area totaled 1444 meters in 7 widely spaced diamond drillholes. Approximately 18 kilometers to the southwest of this area, a further 2 diamond drillholes, totaling 430 meters, were completed in the Juabo target area.

 
 

Fromenda Grid "B" Target Area (Adansi Gold Fromenda Concession)

Drillholes FB-20 to FB-22 tested a projected southwest plunge to near surface gold mineralization previously outlined in the Main Zone; and drillholes FB-23 to FB-26 tested only two, of at least ten, newly outlined 3DIP geophysical targets.

Auriferous intersections, above 0.4 g/t Au, are as follows:

   

2

Hole     Grid    Grid                    Drill    Drill    Assay    Assay  
Number   Easting    Northing    Azimuth      Dip    From        To    Intercept    Intercept    Au    Au
    (m)    (m)     (Deg)    (Deg)   (m)    (m)   (m)    (ft)    (g/t)    (oz/ton) 
FB-20    9612    2020    135    -60    84.12           85.12      3.28    0.41    0.01 
                  105.18       106.80    1.62    5.31    0.40    0.01 
FB-21    9590    2073    135    -45    51.82           60.95    9.14    30.00    0.63    0.02 
FB-22    9620    2099    135    -45    89.20           90.22    1.02    3.35    1.10    0.03 
FB-23    9722    2010    135    -45    55.50           57.30    1.80    5.91    1.59    0.05 
                  98.00           99.06    1.06    3.48    0.41    0.01 
                  101.00       104.00    3.0    9.84    0.41    0.01 
FB-24    9720    1389    105    -45    111.86       112.78    0.92    3.02    0.45    0.01 
FB-25    9764    793    127    -45    148.13       153.10    4.97    16.31    0.99    0.03 
  incl.                151.70       153.10    1.40    4.59    2.70    0.08 
FB-26    9831    970    114    -45                    NSA    NSA 

note: NSA = no significant assays

The discovery of gold values in the new 3DIP anomalies tested above is considered by management to be a very significant development, especially since they are hosted by major shear structures with spatially large geophysical responses. Further drilling to evaluate these two targets and the other eight significant targets outlined by the 3DIP survey is planned for later in the year.

Juabo Target Area (Adansi Gold Gemap Concession)

Diamond drillhole JG-05 tested the downdip extension of gold mineralization discovered in previous holes 03JGDDH-01 (1.23 g/t Au across 7.8m from 26.6 to 34.4m, 3.68 g/t Au across 7.74m from 75.78 to 83.52m, and 1.22 g/t Au across 4.57m from 90.22 to 94.79m) and 03JGDDH-02 (1.34 g/t Au across 3.0m from 24.0 to 27.0m, 1.44 g/t Au across 6.0m from 41.0 – 47.0m, and 1.74 g/t Au across 9.75m from 94.8 to 104.55m) .

Drillhole JG-06 was the first diamond drill test of a +1,000 metre long section of a metal factor geophysical anomaly (co-incident high IP effects and low resistivities) – with co-incident gold in soil anomalies. Previous drill holes 03JGDDH-01 to 04 are located along strike 600 metres to the northeast. The Juabo area is geologically similar to the Fromenda Grid "B" target area, however, cross-cutting felsic intrusive dykes are more prevalent.

Auriferous intersections, above 0.4 g/t Au, are as follows:

Hole   Grid    Grid                    Drill    Drill    Assay    Assay
Number    Easting    Northing    Azimuth    Dip       From         To    Intercept    Intercept    Au    Au 
    (m)    (m)    (Deg)    (Deg)         (m)         (m)    (m)    (ft)    (g/t)    (oz/ton) 
JG-05    15962    17160    135    -50           53.64           54.61    0.97    3.18    1.93    0.06 
                       121.92       124.42    2.50    8.20    1.42    0.04 
                       163.71       173.71    10.00    32.81    0.67    0.02 
"                         180.71       185.71    5.00    16.40    1.09    0.03 
JG-06    16149    16488    135    -45           67.19           74.19    7.00    22.97    1.78    0.05 
  incl.                       73.19           74.19    1.00    3.28    11.92    0.35 


3

 

As noted from the current and previous drill programs on the Fromenda Grid "B" Main Zone, L17N, School Zone North and East , Juabo targets, and elsewhere throughout the Ashanti II Project area, the drilling of shear zones mappable by geophysical techniques has discovered significant new zones of gold mineralization. Based on these results, the Company has contracted Fugro Airborne Surveys to complete a high resolution DIGHEM EM and high resolution magnetic survey over the entire concession area in order to fully outline the major shear and cross structures. Flying is expected to be completed within the next few weeks.

Neil Macfarlane, M.Sc., Exploration Manager, supervised and directed the drilling program. Sample analyses, including repeats, randomly placed blanks, and standards were completed at SGS Analabs Pty. Ltd. at Bibiani and at Transworld Laboratories in Tarkwa, utilizing industry standard 50g fire assay techniques, with atomic absorption finish. In addition, random duplicate samples were also submitted for overall QA purposes.

 
Item 6

Reliance on Section 7.1(2) or (3) of National Instrument 51-102

This Report is not being filed on a confidential basis in reliance on subsection 7.1(2) or (3) of National Instrument 51-102.

 
Item 7

Omitted Information

No information has been omitted from this Report on the basis that the Company believes that such information should remain confidential.

 
Item 8

Executive Officer

The name and business telephone number of an executive officer of the Company who is knowledgeable about the material change and this Report is:

Douglas MacQuarrie, P.Geo.(B.C.), President
Telephone: 604-682-8089
Facsimile: 604-682-8094
e-mail: douglasmq@yahoo.com

 
Item 9

Date of Report

DATED at Vancouver, British Columbia, this 16th day of September, 2004.

PMI VENTURES LTD.

"Douglas MacQuarrie"

Douglas MacQuarrie, P.Geo (B.C.)
President


EX-99.5 6 exhibit99-5.htm PRESS RELEASE DATED SEPTEMBER 21, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.5

PMI VENTURES LTD.
Suite 511 – 475 Howe Street
Vancouver, BC V6C 2B3
Phone: (604) 682-8089 Fax: (604) 682-8094

News Release #04-17  TSX Venture: PMV 
September 21, 2004  Issued & Outstanding: 26,853,967 
  Fully Diluted: 38,525,101 

GOLD SOIL GEOCHEMICAL ANOMALY OUTLINED, ASHANTI II GOLD PROJECT, GHANA

PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has received results from a soil sampling program conducted on its Switchback North – Gyagyatreso Option concession, the northern most of eight Ashanti II Gold Project concessions operated by the Company and located along a forty kilometre length of the Asankrangwa Gold Belt in Ghana, West Africa.

Results indicate anomalous gold values over an area of one square kilometre co-incident with a prominent hill and its extension along the regional strike to the northeast. Two sub parallel zones, with values ranging from 100 ppb Au to a high of 4,350 ppb Au were outlined, each with strike lengths exceeding 1.5 kilometres. Spot soil highs up to ll,860 ppb Au were also noted. A follow up program to define drill targets is currently underway.

The 20.2 line-kilometer soil grid was established to cover an area of highly anomalous gold in stream sediment silt samples that previously returned results to 110.0 ppm Au, 6.75 ppm Au, 4.84 ppm Au, and 3.80 ppm Au. A total of 378 soil samples were analyzed from the grid area at a sampling density of 200m x 25m. Areas of the grid underlain by alluvial material were not sampled.

During this work numerous old galamsey pits and shafts, and one adit were noted. "Good gold prospects" were previously reported in 1922 from quartz reef material sampled by the Gold Coast Geological Survey near the village of Nfakanfahu, in the east central part of the grid. The grid also covers a prominent hill and the northeast trend of quartz reef/quartz breccia structures exposed by the galamsey workings. Regional mapping has shown the concession to be underlain by graphitic phyllite and greywacke of the Lower Birimian Formation – similar stratigraphy as noted at the now closed Obotan – Nkran Hill and Adubiaso mines, located respectively six kilometres to the east and northeast, and at our Fromenda Main Zone, 14 kilometres to the south.

Douglas R. MacQuarrie, P.Geo., supervised the program. Sample analyses were completed at SGS Analabs Pty Ltd. at Bibiani utilizing industry standard 50g gold fire assay techniques, with atomic absorption finish.

On behalf of the Board,

"Douglas R. MacQuarrie"

Douglas R. MacQuarrie
President

For further information please contact:

Douglas R. MacQuarrie, President or Warwick G. Smith & Larry Myles, Shareholder Communications
Telephone: (604) 682-8089 Toll-Free: (888) 682-8089 Facsimile: (604) 682-8094

Or visit the PMI Ventures Ltd. website at www.pmiventures.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.


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