SOURCE: Pavilion Energy Resources, Inc.

Pavilion Energy Resources, Inc.

November 15, 2010 08:00 ET

Pavilion Energy Resources Inc., China, Iron-Ore, Rare Earths and Gold JV

LOS ANGELES, CA--(Marketwire - November 15, 2010) - Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE) - The Company's wind power team in China has made presentations to high-level Beijing government contacts, which have generated real interest. PVRE hopes to secure a manufacturing agreement for accelerating turbine production in China.

Discussions revealed that a looming shortage of iron-ore, Neodymium and other rare earths used in electrical generators may hinder the production of accelerator turbines in China at the high production rate envisaged.

In response to the iron-ore and rare-earths shortage, PVRE and partners have set up a (33.33%-owned) Joint Venture to explore and develop alluvial ocean sea-floor rare-earths-gold - iron-sands resources worldwide.

The Worldwide Minerals joint venture has plans to become a major rare earths and iron-ore supplier and one million ounce gold producer in short order and should create ongoing profits to fund our ambitious global wind power projects.

With new more efficient mining technology, iron-ore at record highs, and the gold price hovering around $1,400, large scale alluvial iron-sands - gold deposits can now be extremely profitable to mine. The addition of valuable associated heavy rare earths and minerals including titanium could increase profitability even further, while providing the neodymium magnet materials for our wind generators.

PVRE's complimentary worldwide polymetallic mineral wealth opportunities will give our shareholders more pathways to profits.

See www.pvre.biz

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions. However, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: risks associated with exploration, competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation.

Contact Information

  • Contact:
    Peter Sterling
    President
    (323) 356-7777