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| Monday, December 03, 2007 Golder Associates to Commence Kubi Gold Project Review
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News Release # 07-22
December 3, 2007, Vancouver BC - PMI Gold Corporation (TSX.V:PMV) - Douglas MacQuarrie, President, announces that Golder Associates Ltd. have been commissioned to commence the initial assessment phase of the Kubi Gold Project, Ghana, to include: establishing a project management plan and milestones; a review of the environmental and socio-economic aspects; geological model evaluation - to include a focus on the indicated high grade core of the already defined N.I.43-101 compliant 604,000 oz Au Kubi resource estimate; a review of the alternative mining and processing options; infrastructure; mine closure and financial sensitivity; and preliminary economic analysis. The work will also include the preparation of a N.I.43-101 compliant resource estimate for gold mineralization under the Nkran pit at Obotan, and will define the parameters for subsequent pre-feasibility and final definitive feasibility studies.
Golder with 150 offices worldwide and over 6,000 employees, have provided engineering and environmental services to the mining industry for over 40 years. Golder have developed a team of engineers focused on bringing small underground operations to profitable production, and then growing them to mid tier producers with retained earnings. This model minimizes the amount of capital required to reach production and therefore minimizes financing charges, bank hedging, and equity dilution. This team will be the lead engineers for the project.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
President & CEO
For further information please contact:
Douglas R. 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 John Mullen: Tel: 41-522-428795, e-mail: John Mullen@bluewin.ch
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com (in German: pmi.goldseiten.de)
NOT FOR RELEASE OR DISTRIBUTION IN THE USA.
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. We Seek Safe Harbour.
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