Pearl Asian Mining Industries Announces Acquisition of the Wolf Lake Group Properties on Vancouver Island VANCOUVER, British Colombia, July 21 /PRNewswire-FirstCall/ -- Pearl Asian Mining Industries (OTC:PRMN) (BULLETIN BOARD: PRMN) announces the acquisition a mining prospect on Vancouver Island known as the Wolf Lake Gold-Silver-Copper Properties. This is a 100% acquisition of eight mining claims and is subject to 2.5% NSR. The Wolf Lake Group located in the Nanaimo Mining Division, east of the past-producing Mount Washington gold-silver-copper mine, which has a current drill-indicated resource of 550,298 tonnes at a grade of 6.75 g/t gold and 32.23 g/t silver. Mineral deposition associated with these intrusive/extrusive events produced the gold-silver-copper arsenic lodes and the porphyry gold-silver-copper systems of the Mount Washington and Constitution Hill areas. The claim group currently covers about two square kilometers of ground with room for expansion, and hosts several high-grade gold prospects with values in excess of 2 ounces per ton of gold with good showings of silver, zinc and some copper. Initial exploration on the Wolf Lake Property identified three areas of strong high-grade gold mineralization, the Lake Zone, the Road Zone and the Bluff Gold Vein. All these three areas may be a part of one large contiguous mineralized horizon; sufficient work has not been done as yet to prove this. Founder and Chairman of the Board, E. Pearl Asia quotes "Pearl Asian Mining Industries Inc. intends to bring these rich natural resource properties into production as quickly as possible." For more information http://www.pearlasian.net/ Forward-Looking Statements: With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. CONTACT: F. de los Santos Investor Relations USA: +1-310-437-9487 CANADA: +1-604-688-9589 DATASOURCE: Pearl Asian Mining Industries CONTACT: F. de los Santos, Investor Relations, of Pearl Asian Mining Industries, USA, +1-310-437-9487, or CANADA, +1-604-688-9589, or Web site: http://www.pearlasian.net/

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