Monday, July 13, 2009
Change Of Control Approved By Shareholders Additional Drilling Program Announced At Kubi, Ghana

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

July 13, 2009, Vancouver BC - PMI Gold Corporation (TSX/V:PMV) -- Douglas MacQuarrie, President, announces that at the Special General Meeting held on July 8, 2009 in Vancouver, the shareholders have approved a private placement of securities in the capital of the Company that may result in Arlyn James Miller acquiring 20% or more of the shares of the Company. The private placement, announced on May 26, 2009 to raise $1.5 million, is expected to close on or before July 17, 2009.

In addition the Company announces that the second phase of the drilling program on our Kubi Gold project in Ghana will commence after the closing of the above noted private placement. The first phase consisted of a 1,005 metre, 8 hole program. Initial gold assay results have been received and indicate that several new gold bearing structures have been intersected. The best results to date are: 1.0m @ 1.98 g/t Au at a depth of 90.0m in hole KV-09-501 (within a section grading 1.0 g/t over 5.0m from 89.0 to 94.0m); 1.0m @ 1.40 g/t at a depth of 55.0m (within a section grading 1.0 g/t over 3.0m) and 1.0m @ 2.49 g/t Au at a depth of 82.0m in hole KV-09-502; and 1.0m @ 1.32 g/t Au at a depth of 61.5m in KV-09-508. Please see drill collar map at: http://www.pmigoldcorp.com/i/maps/PMIdrillJuly13.jpg

Table 1 -- Drill Collar co-ordinates:

These initial results are considered encouraging. Drill testing of airborne and ground confirmed EM targets has located significant shear zones -- some of which are associated with gold-quartz-sulfide mineralization. Phase II of the program will comprise 25m step outs on some of the above noted intersections to test for stronger grades and widths and also to continue to 'wildcat' test other EM conductors.

A map showing the regional setting of Kubi is available at:
http://www.pmigoldcorp.com/i/maps/PMIdrillApr09.jpg, and a detail of the exploration target areas at:
http://www.pmigoldcorp.com/i/maps/PMIdrillApr09c.jpg, and a detail photo of drill core from KV09-501 at
http://www.pmigoldcorp.com/i/maps/KV09_501_83to96m.jpg

This news release has been prepared by Douglas R. MacQuarrie, P.Geo.(B.C.), a Qualified Person under National Instrument 43-101. Field work was supervised by Paul Abbott MSc; a member of the Geological Society of South Africa and with 21 years experience in West Africa. Mr Abbott has consented to inclusion of this information in the form and context in which it appears. Drill core was logged, sawn and sampled on site, with half HQ or NQ core samples sent to Transworld Laboratories Ghana Ltd. in Tarkwa. Samples were analyzed for gold by fire assay-AA on a 50 gram sample charge. Internal QC consisted of inserting both blanks and standards into the sample stream and multiple re-assays of selected anomalous samples. Grade x Width intercepts of less than 1 g/t meters were not reported. Visible gold was observed in certain sections of the core and additional sampling for screened metallics analysis is underway.

On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO

For further information please contact:

Douglas MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. We Seek Safe Harbour.

You can also view this News Release on our website at:
http://www.pmigoldcorp.com/s/News.asp?ReportID=355789