PAIM is Processing, Producing & Expanding - Estimated $653,450.00 Per Month Gross Revenue For Gango Gold Project Alone

Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC common shares: PAIM)(preferred shares: PAIIP)(Germany XETRA: R1Z.DE)(Frankfurt: R1Z.F) today announces: GANGO Gold RUSH-Bukidnon: The joint participation efforts between Pearl Asian’s Golden Dream Team and OROGAPCO’s local small scale operators, a common livelihood in Gango, Bukidnon, have brought significant enhancements for PAIM to start processing, producing and expanding. As the company starts to process the large amount of stock piles gathered from the first re-conditioned OROGAPCO-PAMI Tunnel #1 this month, the gold rich ores were assayed to contain approximately 15 to 20 grams of gold per ton @ 50 metric tons per day capacity operation, seven days a week, 24 hours a day, to yield about 937.5 ounces gold @ $700.00 USD per ounce of gold, thus yielding a revenue of approximately $653,450.00 USD gross income per month, less 30% direct and indirect costs to Net at about $457,415.00 per month. The 50 Metric Tons per day C-I-L (Carbon-In-Leach) Gold Processing Plant will also re-process the existing tailing pond. This existing tailing pond which was impounded from the small scale miner operators having a 45% gold recovery only using the toxic mercury, can be fed again into the C-I-L tank for further gold recovery. Thus, Pearl Asian will reproduce up to 90% gold recovery, under the secondary leaching procedure. XYZ Gold-Masbate: Vice-President and XYZ Masbate Officer-In-Charge Ariel Caleon and Chief Mining Officer Cesar Rosales lead this project to start fast tracking the 3-months XYZ Plan of Action and Mobilization of the XYZ Operations starting October, 2007. Last week, the Golden Dream Team’s very successful meeting with the local government officials, Governor, and the people in the local communities paved the way for the acceptance of having the presence of Pearl Asian Mining, to begin operating in the XYZ Gold Mountain. Pearl Asian acquired a third branch office and housing area in Masbate City. A 250 Metric Ton C-I-L Gold Processing Plant design has been developed, submitted and been approved for the XYZ mine site. The Golden Dream Team is now identifying the exact XYZ location where to build the C-I-L Gold Processing plant. BINASAN Gold Project: The Indigenous Group of Higaonon People has shown the complete transition and awareness to becoming self-sustaining citizens. They have indicated to have harvested substantial gold. Pearl Asian will continue to empower our brothers and sisters in the mountains to help alleviate their poverty. Moreover, Pearl Asian hires the professional services of Jordan Richard Assoc., LLC - the new professional Investor Relations Company to start effective October 10, 2007. This finalizes one of the last requirements in order to complete the up listing of PAIM to a higher exchange. PAIM is doing its utmost caution and care for the environment as Pearl Asian’s Management will do the best they can to use all other alternative method of gold processing in replacement to the toxic mercury commonly used by the natives and majority of the small scale operators. President for Mindanao Operations Manolo Tecson is working side by side with the government agencies such as MGB & DENR – PENRO for the implementation of PAIM’s Gold Processing to service all other small-scale operators in the area, so that the health care and safety of the people and its environment will be protected. PAIM will also implement the re-forestation program of planting trees at a ratio of: for every 1 tree cut down will be replaced by re-planting 5 seedlings. PAIM aspires and visions to become the true model to other mining industries by developing a state-of-the-art gold processing plant, and to become a pioneering, major mining industry, embracing the interactive participation, environmental protection and raising of PAIM visibility to the whole mining communities. PAIM is representing a change in business model primarily by the participation of the small scale mining partners, the Indigenous People and Muslim brothers and sisters. Through ORO - Operation Reach Out USA, a Non –Profit Corporation, Pearl Asian Mining builds the communities with other viable programs. Pearl Asian continues to be the leader in the remote mining community development, by building access roads, building schools, health care centers, meditation centers and all other housing projects; introducing and teaching a livelihood such as handicrafts for the local men and women, besides mining, thus PAIM is helping the development of the people socially, morally, mentally and spiritually. "PAIM will continue to have an unwavering focus on fostering connections to solve this major problem and all other mining challenges. As such, PAIM’s role is to be the catalyst for bringing together mining industry skilled and unskilled workers, government regulators LGU’s, NGO’s, Environmentalists, Ecologists, thus resulting in a more productive yet cost-effective, health and safety awareness,” stated President for Mindanao Operations Manolo Tecson. "PAIM ‘s Golden Dream Team’s engineering experience is going to be a natural extension of careful mining technology and is demonstrating our joint collaboration in providing an extensive menu of environmentally responsible, energy-efficient, and safety awareness technology of choices!” added Executive President Randolf Villanueva. About PAIM Pearl Asian Mining Industries Inc. (Pearl Asian) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Pearl Asian Mining Industries, Inc. is a growing international mining operation that is working to realize the potential of previously underdeveloped mining operations with proven gold reserves. Pearl Asian is fully committed to both its investors and the communities in which it operates and will use its impressive technical resources to ensure the best for all parties. Whether addressing returns on investment or health and safety, Pearl Asian Mining Industries pledges the highest degree of concern. For more information, visit www pearlasianminin.com. Forward-Looking Statements Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.