PMI Gold Corporation - New chief financial officer appointed



    STOCK OPTIONS ANNOUNCED

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

    TSX Venture Exchange: PMV
    US PMVGF.PK
    Frankfurt: AOJMW7
    Issued & Outstanding: 78,749,736
    Fully Diluted: 104,633,637

    VANCOUVER, March 26 /CNW/ - PMI Gold Corporation (TSX.V:PMV) - Douglas R.
MacQuarrie President and CEO, announces that Philip N. Gibbs has been
appointed as the CFO of the Company. Mr. Gibbs is a Chartered Management
Accountant and holds an MBA degree.
    Mr. Gibbs has extensive financial management experience in large
corporate environments in the manufacturing and retail sectors, both in North
America and in Africa. He has provided long term planning and strategic
analysis capabilities in those industries, including a focus on maximizing
their operational efficiency and capital resources. His experience in systems
implementations and development of cost control and management information
systems will provide a significant contribution at this stage in the growth of
PMI Gold.
    Given the Company's aggressive plans to develop our significant in ground
gold resources and the current complex financial markets, the Board is very
happy to welcome a senior executive of Mr. Gibbs' experience.
    The Board also wishes to thank Ford Cannon, who has retired as the
Company's CFO due to time constraints, and wish him well in his future
endeavours.
    The Company also announces, subject to regulatory approval, five year
incentive stock options expiring on March 25, 2013, to purchase a total of
1,000,000 common shares of the Company, at a price of $0.35 per share, to
Directors, Officers, employees and advisors.

    On behalf of the Board,

    "Douglas R. MacQuarrie"

    Douglas R. MacQuarrie
    President & CEO

    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.

    %SEDAR: 00005434E




For further information:

For further information: Douglas R. MacQuarrie, President & CEO,
Telephone: (604) 682-8089, Toll-Free: (888) 682-8089, Facsimile: (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: http://pmi.goldseiten.de)

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PMI Gold Corporation

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