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09.09.2009
PMI Gold Corporation: New Gold Zone Discovered at Kubi
PMI Gold Corporation: New Gold Zone Discovered at Kubi

September 9, 2009, Vancouver BC - PMI Gold Corporation (TSX/V:PMV) – the Company is pleased to announce that a new gold mineralized garnet zone has been intersected in recent drilling at our Kubi Gold Project in Ghana.

Gold mineralization was noted in hole KV-09-513 from 69.0m to 75.8m. Best assays were 2.57 g/t Au over a core length of 1.75m at a depth of 72.0m, within mineralized garnet zone assaying 1.07 g/t Au over it’s full 6.8m length. True widths are estimated at 70% to 80% of the indicated core lengths.

The Kubi Main Deposit, which the Company is currently sourcing funding to develop as a contract mining and custom milling underground operation (NI43-101 resource: 604,085 oz Indicated; 316,079 oz Inferred – see http://www.pmigoldcorp.com/i/pdf/Kubi_Preliminary_Assessment_May08.pdf ), is located 1.2 km to the east of the new discovery, and is also hosted in garnet zone which occurs as distinct stratigraphic units within the host Birimian meta phyllites and tuffs. Where best mineralized, the garnet zone has up to 20% sulfide mineralization, is cut by late quartz stringers and is strongly silicified.

Ground geophysical surveys have been completed with favourable EM, high IP and Resistivity responses for several hundred metres to the south of the KV-09-513 intersection. Further drilling to test the extensions of this zone and to continue testing other ground and airborne EM conductors is planned on closing of the private placement fund raising announced on August 25, 2009.

The second phase of our 2009 exploration drilling program at Kubi consisted of a 903 metre, 8 hole program. Drill holes KV-09-509, 510, 511, 512 and 515 were step outs following up on anomalous gold results from the Phase 1 program; and drill holes 513, 514 and 516 were ‘wildcat’ holes testing additional ground and airborne EM conductors. Other than as reported above, there were no other significant assays.

Table 1 – Kubi 2009 Phase 2 Drill Collar co-ordinates:
HOLEID GRIDE GRIDN WGS84E WGS84N AZIMUTH DIP DEPTH M
KV09-509 2646 4789 639218 664003 110 -45 106.68
KV09-510 2646 4789 639218 664003 290 -65 134.72
KV09-511 2638 4725 639187 663951 290 -50 112.17
KV09-512 2619 4640 639169 663913 290 -50 79.25
KV09-513 2912 4000 639351 663534 290 -50 84.13
KV09-514 2200 5000 638855 664282 290 -50 111.25
KV09-515 1070 1300 636540 661266 290 -45 104.24
KV09-516 1719 1502 637220 661239 290 -45 170.99

A map showing the regional setting of Kubi is available at: http://www.pmigoldcorp.com/i/maps/PMIdrillApr09.jpg ; detail of the exploration target areas at: http://www.pmigoldcorp.com/i/maps/KubiCollarSep0909.jpg ; detail pictures of garnet zone mineralization from KV09-513 at: http://www.pmigoldcorp.com/i/maps/KV_09_513_Box12.jpg
and at: http://www.pmigoldcorp.com/i/maps/KV_09_513_Box13.jpg .

This news release has been prepared by Douglas R. MacQuarrie, P.Geo.(B.C.), a Qualified Person under National Instrument 43-101. Field work was supervised by Paul Abbott MSc; a member of the Geological Society of South Africa and with 21 years experience in West Africa. Mr. Abbott has consented to inclusion of this information in the form and context in which it appears. Drill core was logged, sawn and sampled on site, with half HQ or NQ core samples sent to SGS ITS Bibiani Lab in Ghana. Samples were analyzed for gold by fire assay-AA finish on a 50 gram sample charge. Internal QC consisted of inserting both blanks and standards into the sample stream and multiple re-assays of selected anomalous samples. Grade x Width intercepts of less than 1 g/t meters were not reported. Visible gold was observed in certain sections of the core and additional sampling and ICP analysis is ongoing.

On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO

For further information please contact:
Douglas MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.


THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES




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