PMI Gold Corporation is pleased to announce a follow-up RC drilling program has been completed at their recently discovered Afiefiso Prospect. The prospect is located within the Company’s wholly owned Diaso-Afiefiso Concession. The Afiefiso Prospect is strategically located within a 15km area of influence south-west of the Company’s
flagship Obotan Gold Project in Ghana (NI43-101 and JORC Code compliant Mineral Resource estimate of Measured Resources of 15.57M tonnes at a grade of 2.47g/t for 1.23Moz, Indicated Resources of 29.21M tonnes at a grade of 2.00g/t for 1.88Moz and Inferred Resources of 21.91M tonnes at a grade of 1.99g/t for 1.40Moz;. The prospect was targeted due to its close proximity within trucking distance to the proposed processing facility at Nkran, historical gold in soil anomalies, and the interpreted location of favourable crosscutting east-northeast structures with the Fromenda Shear.

Drilling was designed to follow-up encouraging results from a recent Aircore program which intersected multiple zones of anomalous gold at shallow depths over a strike length of up to 1,600m. A total of 39 drill holes were drilled for 3,374.5m, primarily testing the southern extents of the prospect, and also following up high grade intersections on the western margins of the Fromenda Shear. Drilling was undertaken on a nominal spacing of 100m by 50m. Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, for 50g Fire Assay treatment with Atomic Absorption Spectrometry finish. All assay results have been received.

Results from the program have confirmed the location of multiple shallow anomalous gold zones on the eastern margin of the shear zone over a strike length of up to 400m, and down to vertical depths of 70m. Gold appears to be hosted within a steeply dipping stockwork of quartz veins intruding a sequence of metasedimentary rocks. Mineralization remains open both along strike and down dip, offering valuable exploration targets for further follow-up in 2013. PMI Gold’s Managing Director and CEO, Mr Collin Ellison, said the results from the RC program at Afiefiso supported the potential for the Fromenda Shear to host significant shallow gold mineralization suitable to
supplement mill feed from the four main Obotan Deposits (Nkran, Asuadai, Adubiaso and Abore). “We are continuing to focus our exploration efforts on high priority targets within economic haulage distance from the proposed Nkran processing facility. Early exploration efforts at Afiefiso are encouraging and will be followed up with further RC drilling during 2013 to further evaluate the prospect”.