Pacific Rim Mining Corp

Published : September 19th, 2008

Announces Head Office Cutbacks

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Re:        2008 News Releases - Thursday, September 18, 2008
Title:     Pacific Rim Mining Announces Head Office Cutbacks

PMU News Release #08-10
TSX, AMEX Symbol PMU


September 18, 2008

Pacific Rim Mining Announces Head Office Cutbacks

Pacific Rim Mining Corp. ("Pacific Rim" or "the Company") has made additional cuts to its overhead by significantly reducing staffing levels in the Vancouver office including Peter Neilans, COO and April Hashimoto, CFO. These cuts are a response to difficult market conditions and ongoing delays in obtaining environmental and mining permits for the El Dorado project. Both Mr. Neilans and Ms. Hashimoto will continue their relationship with the Company on a consulting basis, with Ms. Hashimoto transitioning the Company to a contract accounting firm and Mr. Neilans managing the completion of the El Dorado feasibility study.

"We must preserve capital," states Tom Shrake, President and CEO. Both Pete and April have contributed greatly to the Company over the past several years and will continue to lend their expertise going forward. We thank them for their service to the Company. We are tightening our belt as necessary and remain focused on securing the permits required to develop El Dorado so that the value we have built in the project can be realized by our shareholders."


About the Company
Pacific Rim is a growth-oriented, revenue-generating, environmentally and socially responsible gold exploration company with operations in North America and with development and exploration assets in Central America. Pacific Rim's primary asset and focus of its growth strategy is the El Dorado gold project in El Salvador. The Company is also generating and exploring a pipeline of grassroots gold projects. Pacific Rim's goal is to become a low cost, intermediate level gold producer. The Company's shares trade under the symbol PMU on both the Toronto Stock Exchange ("TSX") and the American Stock Exchange ("AMEX").

On behalf of the board of directors,

"Thomas C. Shrake"

Thomas C. Shrake
President and CEO

To contact the Company about this news release call 604-689-1976 or 1-888-775-7097.

Forward Looking Information
Information set forth in this document concerning the Company's plans for its properties, operations and other matters may involve forward-looking statements. By their nature, forward-looking statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management, and are subject to numerous risks and uncertainties, some of which are beyond Pacific Rim's control, including but not limited to: the potential for and depth of future layoffs; the timing for completion of the El Dorado feasibility study; the granting of the necessary permits to develop and exploit the El Dorado project; the availability of sufficient funding to proceed with the Company's existing exploration, development, operational and corporate plans; and other risks and uncertainties related to the Company's prospects, properties and business strategy factors detailed in the Company's Canadian and U.S. regulatory filings.

Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors should review the Company's disclosure of Risks and Uncertainties in its Annual and Quarterly reports as filed on SEDAR in Canada and EDGAR in the U.S., and are cautioned against attributing undue certainty to forward-looking statements.

The TSX and the AMEX have neither reviewed nor accept responsibility for the adequacy or accuracy of this release.

Copyright � 2008 PACIFIC RIM MINING CORP. (PMU) All rights reserved. For more information visit our website at http://www.pacrim-mining.com/ or send email to general@pacrim-mining.com ..
Message sent on Thu Sep 18, 2008 at 10:22:24 AM Pacific Time
Data and Statistics for these countries : Canada | El Salvador | All
Gold and Silver Prices for these countries : Canada | El Salvador | All

Pacific Rim Mining Corp

PRODUCER
CODE : PMU.TO
CUSIP : 694915208
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Contact Cpy

Pacific Rim Mining is a gold and silver development stage company based in Canada.

Pacific Rim Mining holds various exploration projects in El Salvador.

Its main assets in production are DENTON RAWHIDE and DENTON-RAWHIDE in USA and its main exploration properties are SANTA RITA, ZAMORA AND CERRO COLORADO, EL DORADO PROJECT - BALSAMO, EL DORADO EL SALVADOR, EL DORADO PROJECT - SOUTH MINITA, EL DORADO PROJECT - MINITA, EL DORADO PROJECT - NANCE DULCE, EL DORADO PROJECT - COYOTERA and EL DORADO PROJECT - NUEVA ESPERANZA in El Salvador.

Pacific Rim Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.8 millions as of today (US$ 13.9 millions, € 10.2 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 2.39, and its lowest recent point on October 11, 2013 at CA$ 0.04.

Pacific Rim Mining has 210 952 000 shares outstanding.

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Financings of Pacific Rim Mining Corp
10/4/2012Closes Private Placement Financing
4/20/2011Financing Increased
4/7/2011Undertaking Financing
1/14/2010Closes Private Placement Financing
8/28/2009Resolution to Extend Expiration Date of Warrants Passed at P...
2/29/2008 Closes Private Placement Financing
Nominations of Pacific Rim Mining Corp
3/7/2012Announces Changes to Board of Directors
Financials of Pacific Rim Mining Corp
7/25/2013Announces Fiscal 2013 Year End Results
12/11/2012Announces Fiscal 2013 Second Quarter Results
9/7/2012Announces Fiscal 2013 First Quarter Results
7/27/2012Announces Fiscal 2012 Year End Results
3/5/2012Announces Fiscal 2012 Third Quarter Results
12/13/2011Announces Fiscal 2012 Second Quarter Results
9/15/2011Announces Fiscal 2012 First Quarter Results
7/27/2011Announces Fiscal 2011 Year End Results
3/16/2010Announces Fiscal 2010 Third Quarter Results
12/7/2009Announces Fiscal 2010 Second Quarter Results
9/10/2009Announces Fiscal 2010 First Quarter Results
12/15/2008Announces Fiscal 2009 Second Quarterly Results
9/12/2008Announces Fiscal 2009 First Quarterly Results
3/11/2008Announces Fiscal 2008 Third Quarter Results
12/11/2007 Announces Fiscal 2008 Second Quarter Results
9/11/2007Announces Fiscal 2008 First Quarter Results
3/13/2007Pacific Rim Announces Fiscal 2007 Third Quarter Results
Project news of Pacific Rim Mining Corp
7/3/2008(El Dorado El Salvador)Suspends Further Drilling in El Salvador Until Mining Permit...
1/23/2008Surface Trenching at Santa Rita Project Reveals High Grade G...
1/17/2008(El Dorado El Salvador)El Dorado Gold Project M&I Resources Top 1.4 Million Gold Eq...
8/2/2007(El Dorado Project - South Minita)'s Balsamo Gold Deposit Delineation Nearing Completion; Anot...
4/10/2007(El Dorado - Pacific Rim)Balsamo Gold Zone on Pacific Rim Mining's El Dorado Project ...
3/27/2007Zamora Project Yields High Grade Gold in Surface Trenching
Corporate news of Pacific Rim Mining Corp
12/2/2013Shareholders Approve Plan of Arrangement and Final Court App...
11/27/2013OceanaGold and Pacific Rim Mining Complete Plan of Arrangeme...
11/12/2013ISS And Glass Lewis Recommend Pacific Rim Mining Shareholder...
10/28/2013Mails Information Circular in Connection With Special Meetin...
10/8/2013OceanaGold Agrees to Acquire Pacific Rim Mining
9/16/2013Announces Results of Annual General Meeting of Shareholders
6/7/2013Adopts Advance Notice and Majority Voting Policies
6/7/2013Adopts Advance Notice and Majority Voting Policies
5/6/2013Announces Termination of the Hog Ranch Option Agreement and ...
4/1/2013Statement Filed in Arbitration Case Against El Salvador; Pac...
3/13/2013Announces Fiscal 2013 Third Quarter Results
10/25/2012Negotiates Set Fee Structure for Final Phase of ICSID Arbitr...
9/25/2012OceanaGold Corporation Takes Placement in Pacific Rim Mining...
6/4/2012World Bank Tribunal Allows Pacific Rim Subsidiary to Continu...
6/4/2012World Bank Tribunal Allows Pacific Rim Subsidiary to Continu...
4/30/2012Provides a Progress Report on Activities in El Salvador and ...
6/14/2011Finalizes Hog Ranch Property Joint Venture Acquisition
5/2/2011CAFTA Hearing on Jurisdiction Objection Underway
3/30/2011Signs Letter of Intent to Acquire Majority Interest in Hog R...
3/22/2011Upcoming CAFTA Hearings Delayed
8/19/2010Notifies NYSE Amex of its Intent to Delist
8/3/2010ICSID Tribunal Rejects Government of El Salvador's Prelimina...
5/31/2010Cafta Hearing On Preliminary Objection Underway
3/4/2010Provides Update on Exploration Focus and CAFTA Proceedings
2/11/2010NYSE Amex Accepts Pacific Rim Mining's Compliance Plan
12/11/2009Undertaking Financing
11/19/2009CAFTA Proceedings Begin as Tribunal Constituted
11/12/2009Receives NYSE Amex Notification
7/24/2009Announces Fiscal 2009 Year End Results
2/12/2009Defers Completion of El Dorado Fesibility Study
12/9/2008Files Notice of Intent to Seek CAFTA Arbitration
9/19/2008Announces Head Office Cutbacks
7/22/2008Announces Fiscal 2008 Year End Results
2/14/2008 Financing Increased to 6,711,000 Units
2/6/2008Undertaking Financing
11/7/2007Denton-Rawhide Land Sale Closing Date Extended
10/25/2007 Contact Information Update
7/23/2007Announces 2007 Year-End Results
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