Friday, July 27, 2007


MANILA, Philippines, Jul. 27, 2007 (Business Wire) -- Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC common shares: PAIM)(OTC preferred shares: PAIMP) announces that the Board of Directors during their Corporate Re-organization Special Board Meeting held on July 23, 2007, resolved that the current Authorized Common Shares of UNLIMITED be reduced to Four Billion (4,000,000,000) Authorized PAIM Common Shares.

'Pearl Asian Mining commends the DTCC led by Danielle Harris for working diligently in cooperation with the company's transfer agent AGN Associates & Stock Transfer Services, LLC to making our company's re-organization transition run smoothly and effectively. We appreciate and commend Ms. Harris & Mrs. Alice Navas who worked so hard and tirelessly to make this mandatory buy back fully executed, that almost 95% of the PAIM Common Stock had been fully accounted for,' exclaimed CEO Jason Piamonte.

Lastly, Two USA Shareholders who visited the Philippines Mine Sites share personal experience to fellow PAIM shareholders:

'In June, I was privileged to enjoy the amazing hospitality of the PAIM Gold team and explore in person their mine sites at Binasan, Cagayan De Oro, the XYZ, and Aroroy, Masbate Island. The energy and enthusiasm of the PAIM team are infectious and the highly knowledgeable engineers were generous with their time, showing us the full infrastructure at Binasan (fully operational when rain does not compromise worker safety) and at Aroroy, where we were able to observe active gold refining underway. As a final treat, we were able to view gold flakes or placer free gold from Binasan and gold nuggets produced at Aroroy. I was pleased to observe the care that is being taken in all sites to conduct operations with minimal negative impact on local communities, health, and the environment. Indeed, the Binasan villagers welcomed us with gifts, demonstrating the positive and mutually beneficial inter-action they have with PAIM It is a pleasure to support a company accessing such a rich natural resource with a true effort to promote sustainable development and local community rights,' said Clare Aslan.

'When I accepted the offer for this trip, I had no idea what to expect, especially after reading all of the warnings about travel in this part of the world. But, I knew I had to go. Not for the same reason most investors would go, but a reason near and dear to my heart. And what I saw and experienced was beyond my wildest dreams. Let me begin by stating that I had never read any investor boards prior to this trip, so I did not have any preconceived notion about this company other than its positive outlook. All I can do at this point is tell you what I saw. It was unlike any other organization I have ever encountered, (and I have owned and operated my own business for 16 years). One of the reasons I came was to answer the question: Why so much outreach? For the life of me, I didn't understand why so much community outreach, but now I understand. This isn't the USA. There are different rules here, much different. The people / tribes who actually own the mineral claims, and the abundant potential wealth, also control who and how it is to be extracted. The dichotomy of it all is that in spite of all of this potential wealth, they are very, very poor people. They work incredibly hard, but with the tools and ancient technology they currently employ, they are only able to pull out of the ground enough gold to feed their families and keep a roof over their head. This is where PAIM has had a brilliant business model. Establish a reputation that will bring these mineral claim holders, and their potential wealth, to them. The investment in Binasan and the many other outreach projects has created a reputation for PAIM in this area that no amount of advertising could ever bring. Study the history of the Philippines. These people have been occupied and hurt by foreigners over and over again. It is not easy to gain their trust. PAIM has successfully created partnerships and joint ventures with these people, not because of what they have said they will do, but because of what they have already done for others. Actions speak louder than words. Now, about the people involved. From the CEO, Jason Piamonte all the way down the company ladder, the people I encountered were kind, courteous, but most important, extremely competent and qualified for their positions. I spent 4 days with Brother Manny and his team in Cagayan De Oro, Rochelle, Arlene, Dahlia, Cindy and Elvis, and others whose names have escaped me. They are working hard for us all, and near the point of processing the ore, which is there and in abundance. This will create the beginnings of the revenue stream which will drive both the company's earnings, as well as the stock price. I was also able to spend 6 hours in Manila with Gary Gotanco. He is a gifted man who knows his business. In summary, what I saw: Gold mines, both tunnel and open pit; Mining equipment; Gold processing plant (currently being overhauled) at the Gango Gold Rush site, as well as a nice new PAIM office building near completion to manage the operation once the processing plant is online. Actual gold that has been processed; as well as tons of ore are ready to be processed. Tribes and cooperative groups who have partnerships with PAIM are grateful and excited about their futures. In a nut shell, everything that I was told PAIM has done and is doing was right there, tangible, palpable and on track for future success and continued growth as the leader in the mining industry, set up in such a way that everyone involved wins. Seeing is believing. I believe!' said Dr. Tom Wellbrook.

'Pearl Asian Mining is appreciative of our shareholders, in particular Dr. Wellbrook, as he invested a lump sum of money directly to the company to purchase the 50 metric tons of gold processing plant for the Gango Gold Rush in Bukidnon, thus helping in the increase of gold productions and potential increase of PAIM revenues. The Gold Team are currently re-conditioning and setting up the gold processing plant which is estimated to be in full operations the last week of August, 2007,' added President /COO Engineer Ricardo Bernardo.

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.

Newstex ID: BW-0001-18474101


Delivered by Newstex LLC
via theFinancials.com