SOURCE: Grand Pacaraima Gold Corp

July 28, 2006 09:01 ET

Core Sampling Report Completed; Results to Be Announced on Wednesday, August 2nd

CARACAS, VENEZUELA -- (MARKET WIRE) -- July 28, 2006 -- Metallurgica de Mineras S.A. has notified Grand Pacaraima Gold Corp.(PINKSHEETS: GPGD) that core sampling and analysis of the company's four mines in Venezuela including the Cerro Trompa, San Miguel, Zapata and Mosquito have been completed. Four samples of the NE, NW, SE and SW quadrants of each property were reviewed by Carlos Rodriguez C.M.E. Results are expected to be reported on Wednesday, August 2. Subsequent to the release thereof, Grand Pacaraima plans to enter negotiations for full development of the properties located 8-12 kilometers NW of Icabaru, Venezuela.

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