Company Information for Olympus Pacific Minerals Inc

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Company Statement

Olympus Pacific Minerals Inc. is producing, and exporting gold from its Bong Mieu Gold Plant located in central Vietnam approximately 100 km from the port city of Da Nang. The company will continue to develop its core properties, Bong Mieu and the high-grade Phuoc Son Gold Property. Both properties are presently producing and have established NI 43-101 resources. Olympus' primary focus is to generate internal cash flow from increased gold production through its processing facility at Bong Mieu. These production goals will be achieved by toll treating high-grade Phuoc Son ore, improving our gold recovery, and lowering production costs. Proceeds from these efforts will be used for the further development of the Bong Mieu and Phuoc Son Gold Properties.

Current Operations

Production
Olympus is producing and shipping gold from its Bong Mieu Gold Plant and plans to increase exports steadily over the next several months contributing to internal cash flow. The Company recently announced the completion of the Phuoc Son Feasibility Study that recommends the development and construction of a gold processing plant capable of producing some 60,000 ounces of gold on an annualized basis. The Company plans to continue the development and construction of Phuoc Son and Bong Mieu from the cash generated through the expected increased production from the Bong Mieu Gold Plant. The Company has completed an in-house scoping study at Bong Mieu that will lead to a full feasibility study to justify increasing Bong Mieu's annual production to 100,000 ounces of gold. Over the next three years, total gold production between Bong Mieu and Phuoc Son is forecasted at 160,000 to 200,000 ounces on an annualized basis.

Exploration
Exploration success at Bong Mieu and Phuoc Son has been significant with recent resource updates; Bong Mieu on October 9, 2007, and Phuoc Son on January 15, 2008. On March 23rd, 2009 the Company reported important increases to the mineral resource at the Bong Mieu East Gold-Tungsten deposit as outlined in a Technical Report prepared by Terra Mining Consultants and Stevens & Associates (“TMC/SA”). The full text of the report is will be available on the Sedar website: (www.sedar.com<//link></><//>). A further increased resource estimate is expected at Phuoc Son during the second or third quarter of 2009.

Geographical Spread

Central Vietnam, Quang Nam Province:


Phuoc Son gold property


Bong Mieu gold property

Board of Directors and Key Management

David A. Seton	Chairman & Chief Executive Officer
Charles Barclay	Chief Operating Officer
Peter Tiedemann	Chief Financial Officer
Lesley Robinson	Director
Louis Montpellier of Gowlings Lafleur Henderson LLP	Corporate Secretary
Paul Seton	Vice President Commercial Development
Jane Baxter	Vice President Finance
Rodney P. Jones	Vice President Exploration
Jim Hamilton	Vice President Investor Relations

Company Address 500-10 King St., East Toronto, Canada M5C 1C3 Telephone: 416-572-2525 Facsimile: 416-572-4202 Email: info[at]olympuspacific.com Website: http://www.olympuspacific.com

Additional Address/Key Contact OLYMPUS PACIFIC MINERALS INC., 644-646 Ngo Quyen St., DaNang, Son Tra District Vietnam Ph: 84 511 945 288 Fx: 84 511 945 290

Capital Share Capital as of December 31, 2008 Shares Outstanding 232,423,101 Trading Warrants: (Exercise Price $0.80 - Exp. Date Aug. 10, 2009) 19,554,716 Agent's Compensation Options: (Exercise price $0.65 - Exp. Date Aug. 10, 2009) 2,320,676 Agent's Compensation Warrants: (Exercise price $0.65 - Exp. Date Aug. 10, 2009) 1,173,283 Employee Options 20,930,602 Fully Diluted 276,402,378

Annual General Meeting May 29, 2009

Year End 31 December

Related News

12/11/09 - Olympus Pacific Merges With Zedex To Create A Significant New Gold Producer In South East Asia
26/10/09 - Olympus Pacific Puts Its First Mover Advantage In Vietnam To Good Use, As Gold Production Looks Set To Rise Substantially
13/05/09 - Olympus Pacific Has Ambitious Targets For Its Gold Production In Vietnam Over The Next Four Years
03/06/08 - Olympus Pacific Has Several Options Ahead, But A Merger With Zedex Would Crown Everything

Most Recent Statement

12/01/10 - Olympus: Zedex Minerals Limited Ceases Trading On ASX
12/01/10 - Olympus Exceeds Fourth Quarter Production Targets
28/12/09 - Olympus Appoints Board and Management Positions
21/12/09 - Zedex Shareholders Approves Amalgamation With Olympus
15/12/09 - Olympus Management Exercise Of Options Nets Cdn$2.3 Million
26/11/09 - Olympus Expands Production