PMI Gold issues options and changes year end



    /NOT FOR RELEASE OR DISTRIBUTION IN THE USA/

    TSX Venture Exchange: PMV
    Frankfurt: WKN888063
    US PMVGF.PK
    Issued & Outstanding: 76,611,311
    (*)Fully Diluted: 103,750,999

    VANCOUVER, Sept. 21 /CNW/ - PMI Gold Corporation (TSX/V:PMV) - Douglas
MacQuarrie, President, announces that PMI Gold Corporation ("PMI Gold") has
changed its year end to June 30th from December 31st. The first annual report
following the change of year end is required to be filed by October 28, 2007.
    In addition, in order to better accommodate the future growth of the
Company as it proceeds towards production, PMI Gold has appointed KPMG LLP as
its auditor. KPMG, an international firm with offices located in both
Vancouver and Accra Ghana, is also the auditor of our recently acquired
subsidiary which holds the Kubi Gold Project, located 20 kilometres south of
the AngloGold Ashanti Obuasi mine and 46 kilometres southeast of our Obotan
project.
    PMI Gold also announces, subject to regulatory approval, five year
incentive stock options expiring on September 21, 2012, to purchase a total of
300,000 common shares of the Company, at a price of $0.35 per share, to
Directors, Officers, employees and advisors.
    Ghana is Africa's second largest gold producer and has recently attracted
US$1.5 billion in committed foreign investment due to its long mining history,
prospective resource base, reasonable taxation and stable government. PMI Gold
now controls a 70 kilometre length of the Asankrangwa Gold Belt in 12
concessions/options totalling 484 sq km and on the Ashanti Gold Belt a mining
lease and 2 concessions/options totalling 214 sq km.

    On behalf of the Board,

    "Douglas R. MacQuarrie"

    Douglas R. MacQuarrie
    President & CEO
    (*)Both the Issued and Outstanding, and the Fully Diluted share numbers
    include the 9 million shares to be issued forthwith pursuant to the
    purchase of the Kubi Gold Project.

    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)

Organization Profile

PMI Gold Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890