Toronto, August 10, 2011 � Olympus Pacific Minerals Inc. (TSX & ASX: OYM, OTCBB: OLYMF, and Frankfurt: OP6) (the "Company" or "Olympus") Mr. David Seton, CEO is pleased to invite you to join the email list for our quarterly newsletter. The first edition of the first publication is available for download from our website.
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Olympus Pacific Minerals Inc. is a diversified gold mining company focused on production and exploration over four core properties in Vietnam, E. Malaysia and the Philippines. The Company acquired the Bong Mieu Gold and Phuoc Son Gold Properties in 1997 and 2001 respectively. The Company is now mining two underground gold mines and processing ore through our two plants at Bong Mieu and Phuoc Son. Annual gold production at Bong Mieu closed out at approximately 34,000 oz (December 31, 2010). Consolidated gold production is targeted to expand to 40,000 oz in 2011 and expanding to some 70,000 oz in 2012.
In Bau E. Malaysia Olympus has recently increased its ownership at Bau from 50.05 to 80.53% and over the next two years the Company expects its stake to rise to 93.55% (
See Olympus Press Release dated, September 30,2010). Company geologists have identified several large underground CDI anomalies at Bau and will be prioritizing its exploration efforts in the region during 2011 with 20,000 m. The Company has a NI 43-101/JORC Resource Estimate at its three core properties (
See Reserve & Resource Estimates) - www.olympuspacific.comCorporate Social Responsibility Olympus is a gold exploration and production company employing some 1,200 employees of which 90% are Vietnamese. The Company offers excellent wages and benefits in the safest possible work environment. The Company believes in Corporate Social Responsibility and cares about the employees and the people who live and work around its mining operations. The Company has contributed to the community in many ways; road improvements, Clean water project (supplies clean water to households) Women Wellness Programs, Agricultural Sustainability Programs, Academic Scholarships, Assistance for Minority Groups, Houses for the Poor and donations to various sport programs.
Olympus is an equal opportunity employer operating two gold mines in central Vietnam near the port city of Da Nang. The Company is a major employer, pays taxes and royalties and has invested some 40 million USD into the local economy during 2010.