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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (34737)	3/26/2009 8:59:57 PM
From: LoneClone	Read Replies (1) \| Respond to of 193918

PMI Gold Corporation - Trafalgar Capital Loan Update 18:56 EDT Thursday, March 26, 2009 globeinvestor.com << /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/ TSX Venture Exchange: PMV US PMVGF.PK Frankfurt: AOJMW7 Issued & Outstanding: 87,617,570 Fully Diluted: 127,267,481 -------------------------------- >> VANCOUVER, March 26 /CNW/ - PMI Gold Corporation (TSX.V:PMV), the Company has today received notice of default from Trafalgar Capital Specialized Investment Fund, FIS. The notice specifies that the Company has 10 days to correct the default by paying out the balance of the funds owed to Trafalgar. The Company is in discussions with numerous financing sources with respect to satisfying the outstanding debt issues and moving the Company's projects forward. Further information will be released when and as available. << On behalf of the Board, "Douglas R. MacQuarrie" President & CEO THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT 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. %SEDAR: 00005434E For further information: Douglas MacQuarrie, President & CEO, Telephone: (604) 682-8089, Toll-Free: (888) 682-8089, Facsimile: (604) 682-8094; or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at; or John Mullen: Tel: 41-79-694-8671, e-mail: John Mullen@bluewin.ch; Or visit the PMI Gold Corporation website at www.pmigoldcorp.com