Olympus Pacific Minerals Inc.

Olympus Pacific Minerals Inc.

September 30, 2005 17:12 ET

Jon Morda Joins Olympus' Board of Directors

TORONTO, ONTARIO--(CCNMatthews - Sept. 30, 2005) - David A. Seton, Chairman and CEO of the Company, is pleased to announce that Jon Morda has joined the Board of Directors of Olympus Pacific Minerals Inc.

Mr. Morda holds a Bachelor of Arts degree from the University of Toronto and is a member of the Institute of Chartered Accountants of Ontario. He has over 20 years' experience in the mining industry, with several positions as Chief Financial Officer of mineral exploration and gold producing companies listed for trading on the Toronto Stock Exchange. David Seton states, "Jon, as an independent director, will chair the Audit Committee and will provide strong connections to the Toronto market community."

Warrants Exercised

The Company reports that it has received $435,762 from the conversion of 1,452,540 brokers warrants priced at $0.30. The warrants were issued in relation to a brokered private placement in October 2003.

Options Granted

Olympus' Board also announces that it has granted a total of 2,000,000 options to purchase common shares of the Company exercisable at a price of $0.32 per share for a period of five years, to senior officers of the Company.

Olympus Pacific Minerals Inc., as first mover in Vietnam, is on the fast track to becoming a leading gold explorer in Southeast Asia. Its new management team is strongly committed to its vision of making major discoveries in the region and increasing shareholder value. Additional information about the Company's properties can be found at www.olympuspacific.com.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Olympus Pacific Minerals Inc.
    David A. Seton
    Chairman and CEO
    (416) 572-2525
    or
    Olympus Pacific Minerals Inc.
    Erik H. Martin
    CFO
    (416) 572-2525
    (416) 572-4202 (FAX)
    info@olympuspacific.com