SOURCE: Olympus Pacific Minerals

August 04, 2006 11:29 ET

Discover Olympus Pacific Minerals on MN1

TORONTO, ON -- (MARKET WIRE) -- August 4, 2006 -- David Seton, Chairman/CEO of Olympus Pacific Minerals Inc. (TSX: OYM) will be live on MN1 for an exclusive interview with the MN1 radio team August 8, 2006, at 11:30 a.m. CDT.

Olympus is positioned to expand and make major discoveries in a region of the world known for multi-million ounce gold deposits with licenses and applications covering five deposits and advanced, large-scale targets.

Olympus Pacific Minerals officially commissioned the its first starter gold processing plant at its Bong Mieu property in April this year, the first modern plant in Vietnam since the French ceased mining the area in the early 1940's. The modular starter plant, which incorporates new technology was manufactured by Gekko Australia Pty., and has a rated capacity of 500 tpd with provisions to raise capacity to 800 tpd.; the plant was built within budget for $US 5.5M. Olympus' goal is to continue to step up its exploration programs at Bong Mieu and the Phuoc Son properties. Eighteen months after completion of the current Phuoc Son feasibility study, the company will construct its second gold processing plant for start up in early 2008.

Olympus is an emerging producer focused on continued expansion in SE Asia, has exciting exploration opportunities and an experienced management team with a proven track record.

To listen, or join in the live discussion, log onto MN1 and join David Seton from Olympus Pacific Minerals August 8, 2006, at 11:30 a.m. CDT.

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