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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (8805)	2/25/1998 10:10:00 AM
From: Alex Harrington	Read Replies (1) \| Respond to of 14627

News - bye bye to Leticia FOR FURTHER INFORMATION PLEASE CONTACT: Pacific Rim Mining Corp. Samantha Cramer Corporate Information Officer (604) 689-1976 (604) 689-1978 (FAX) Email: pacrim@direct.ca Maps also available at www:pacrim-mining.com Neither the TSE nor the VSE has reviewed nor accepts responsibility for the adequacy or accuracy of this release. NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: PACIFIC RIM MINING CORP. SEC FILE 82-3611 TSE, VSE SYMBOL: PFG FEBRUARY 25, 1998 Pacific Rim Mining Corp. Concludes Exploration at Leticia VANCOUVER, BRITISH COLUMBIA--Pacific Rim Mining Corp. has determined that the Leticia project, a joint venture with Miranda Industries, in Guerrero State, Mexico does not fit the company's profile for ongoing exploration projects. Thomas C. Shrake, Pacific Rim C.E.O. concluded, "...although our drilling did encounter some mineralization, the continuity and potential size are not sufficient to warrant additional work by Pacific Rim Mining Corp.." Pacific Rim, with approximately $10 million, is focused on exceptionally high quality prospects. The company is aggressively seeking to acquire projects that demonstrate a high probability of success. Diablillos, Pacific Rim's most advanced asset in northwestern Argentina, contains a resource of 91.3 million ounces of silver and 286,000 ounces of gold. Diablillos is currently being drilled under the supervision of Barrick Gold Corp., and is owned by a company in which Pacific Rim owns an indirect 30 percent interest and Barrick owns an indirect 70 percent interest. Barrick's current work includes 7000 meters of reverse circulation drilling and extensive metallurgy including nine column tests. To maintain their interest, Barrick must make a production decision by June 26th, 2000 or elect to make exploration expenditures of $US 4 million per year after that date until such a production decision is made. On behalf of the board of directors, Thomas C. Shrake C.E.O.