PMV Pmi Gold Corporation

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PMI Gold Corporation (TSX VENTURE:PMV)(FRANKFURT:PN3N)(ASX:PVM) is pleased to
announce the appointment of experienced mining finance executive Dr. Michael
Price as a new London-based Non-Executive Director, further strengthening its
Board as it moves towards gold production in West Africa.


Dr. Price has more than 30 years' experience in mining and mining finance. He
has arranged, structured and advised on numerous mining-related financings
around the world and advised mining companies, governments, multi-lateral
institutions, corporates and banks on all aspects of mining and metals-related
financings. 


Michael has acted as mining finance consultant and advisor to several
international and Canadian companies including Lubel Coal Company, First Nickel
Inc., Riversdale Mining, Goldbelt Resources and Cluff Gold plc. 


Dr. Price is a non-executive Director of Eldorado Gold Corporation, Central Asia
Metals plc, Q Resources plc and Lincoln Mining Corporation.


During his career Michael has held a number of senior investment banking
positions in global mining finance including Managing Director, Joint Global
Head of Mining and Metals at Barclays Capital, Managing Director, Global Head of
Mining and Metals for Societe General in London and Executive Director, Head of
Resource Banking and Metals Trading for NM Rothschild and Sons Ltd. 


PMI Gold's Non-Executive Chairman, Peter Buck, said Dr. Price brought a wealth
of experience in mining and corporate finance transactions, including specific
experience with Canadian-listed companies, to PMI. 


"We are delighted to have secured the services of someone of Dr. Price's calibre
and experience, strengthening our Board in the key areas of project and
corporate finance and equity related financing which will prove invaluable as we
move towards financing and development of our flagship Obotan Gold Project in
Ghana," Mr Buck said. 


The Company has granted 300,000 incentive stock options to Dr. Price to
subscribe for common shares of the Company under the Company Stock Option Plan.
The options are exercisable for a five-year period at a price of C$0.86 per
share (at a zero premium based on the closing price of the day prior to
appointment) and are not subject to vesting provisions.


On behalf of the Board,

Peter Buck, Non-Executive Chairman

Pmi Gold Corporation (TSXV:PMV)
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