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

To: Don craig who wrote (9120)	3/17/1998 12:02:00 PM
From: Quickdraw	Respond to of 14627

Hi Don, Just to reference Shirley's post these are the Options and Warrants which are currently Outstanding: Number Expiry Date Potential Proceeds Share Purchase Wts. 1,000,000 $0.75 Mar 30?,1998 $750,000 Share Purchase Wts. 2,475,000 $1.52 Jan. 31,1999 $3,762,000 Compensation Options 75,000 $6.375 Apr. 4,1999 $478,125 Stock Options 1,295,000 $3.85 Feb. 3,1999 $4,985,750 Stock Options 60,000 $5.17 Apr. 18,2002 $310,200 Stock Options 330,000 $3.85 June 2,2000 $1,270,500 The "end of March" warrants are the last of those that generally speaking relate back to the old management. The Jan 31, 1999 warrants can be tied to the new management although some of the participants were old management. Depending on your perspective you could say the last of the cheap warrants come due on Jan 31, 1999 at $1.52 If we consider the options, the first of which come due on Feb 3, 1999 it looks like the PFG shareprice will have to be at least that for them to be exercised ... an approximate $5 million incentive for PFG management to get the share price up to at least those levels. CMS has stated management will not roll back the option price from $3.85 and has stated management feels confident they will make money at those prices... so where does that leave us? It tells me that some time before Feb 3, 1999 the share price will be markedly higher ... when that will happen, I don't know for sure but I've hypothesized a bit in some of my earlier posts. Sorry to hear about the storm ... we got hit in our area earlier this year with our version of the storm of the century ... we were out of power for two weeks with no alternate source of heating. Had to find ways to keep warm ... ;-) Good luck! Rick

To: Don craig who wrote (9120)	3/17/1998 12:03:00 PM
From: Alex Harrington	Read Replies (1) \| Respond to of 14627

Here's some new results 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 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 VSE, TSE SYMBOL: PFG MARCH 17, 1998 Pacific Rim Mining Corp. Announces Diablillos Exploration Update including 138 meters at 1.41 g/t Gold VANCOUVER, BRITISH COLUMBIA--Pacific Rim has received an exploration update on activities being carried out under the direction of Barrick Gold Corporation at the Diablillos property in northwestern Argentina. Approximately one half of the planned 7,000 meters of drilling defining the northeast extension of the Oculto zone have been completed. Drilling on the property is temporarily suspended due to equipment requirements in areas affected by weather conditions where the drilling seasons are not as long as that of Diablillos. Barrick anticipates completion of the remaining half of the program in May, 1998. Eleven of twenty reverse circulation holes have been drilled. To follow are results from the first five holes. Pacific Rim will release the results from the remainder of the completed holes when they are received. /T/ Hole From To Width Au g/t Ag g/t --------- ---- --- ----- ------ ------ RC-98-123 164 193 29 0.73 31.2 226 265 39 0.52 21.8 RC-98-124 No Significant Intercept RC-98-125 202 224 22 2.82 29.8 235 254 19 1.15 21.2 259 289 30 1.84 36.4 RC-98-126 157 177 20 1.03 7.3 180 185 5 0.79 17.7 RC-98-127 165 175 10 .051 22.7 182 320 138 1.41 17.8 /T/ On behalf of the board of directors Thomas C. Shrake, C.E.O. Maps also available at www.pacrim-mining.com