Company Information for Olympus Pacific Minerals Inc

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Company Statement

Olympus Pacific Minerals Inc. is an emerging gold producer that is focused on growth through discovery in Southeast Asia. The company will continue to develop its core properties; Bong Mieu & Phuoc Son in central Vietnam and the Capcapo Gold Property in the northern Philippines. Exploration drilling has commenced at the newly acquired Capcapo Gold Property and plans are being initiated for the 2008 start up of the company's second gold processing plant in Vietnam.

 

Current Operations

Production
Olympus is producing and shipping gold from its Bong Mieu demonstration plant. The company, is planning construction of its second gold plant at the higher grade Phuoc Son property. Completion of the Phuoc Son Gold Project is estimated to be 18 to 24 months after approval of the Phuoc Son Feasibility Study, which is near completion. Annualized gold production at Phuoc Son will be targeted at some 60,000 oz.

There is potential that additional production will commence in Vietnam and Philippines within the next 5 years that may take the annualized production to approximately 150,000 ounces.

Exploration
Exploration success at Bong Mieu & Phuoc Son during the 2006 drill program was significant. A resource update for Phuoc Son was published March 7, 2007. Bong Mieu's resource update is expected by mid 2007. The budget for exploration activities over the next 5 years is projected to be in excess of US$25 million, much of which will be funded from production.

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

Colin Patterson - Corporate Technical Advisor

Charles Barclay - Chief Operating Officer

Pamela Campagnoni - Chief Financial Officer

Louis Montpellier of Gowlings Lafleur Henderson LLP - Corporate Secretary.

Peter Tiedemann - Vice President Corporate Affairs.

Jim Hamilton - Vice President Investor Relations.

Company Address 500-10 King St., East Toronto, Ontario, 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

Annual General Meeting June

Year End 31 December

Related News

03/06/08 - Olympus Pacific Has Several Options Ahead, But A Merger With Zedex Would Crown Everything
22/08/07 - Olympus Pacific Minerals Raises C$25 Million For Vietnam and Philippines
06/10/06 - Olympus Pacific Sorts Out Production Glitches And Enlarges Resource in Vietnam
07/03/06 - Olympus Pacific Now Into Gold Production And Expanding Fast

Most Recent Statement

03/07/08 - Olympus Assessing Financing Options for Phuoc Son Mine Development
05/06/08 - Olympus Drilling at Phuoc Son Extends Dak Sa Shear Zone 400 Meters
01/04/08 - Olympus Receives Positive Independent Technical Report On Feasibility Studies For The Phuoc Son Gold Project
26/03/08 - Olympus Announces Management Reorganization
07/03/08 - Olympus To Commence Trading In The US On OTCBB
04/02/08 - Management Has Reorganized To Ensure Technical Success Over The Next 18 Months