PGM Ventures Corporation

PGM Ventures Corporation

February 24, 2005 16:23 ET

PGM Ventures Corporation Appoints Vice President Corporate Affairs and Human Relations, Issues Stock Options and Recognizes Resignation of Director


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PGM VENTURES CORPORATION

TSX VENTURE SYMBOL: PPG

FEBRUARY 24, 2005 - 16:23 ET

PGM Ventures Corporation Appoints Vice President
Corporate Affairs and Human Relations, Issues Stock
Options and Recognizes Resignation of Director

TORONTO, ONTARIO--(CCNMatthews - Feb. 24, 2005) - PGM Ventures
Corporation (TSX VENTURE:PPG) - PGM Ventures Corporation ("PGM") is
pleased to announce that one of its directors, Peter Gleeson, has been
appointed as an officer of the corporation. Mr. Gleeson will serve as
PGM's Vice President of Corporate Affairs and Human Relations.

PGM also wishes to report that it has granted Babak Vahebzadeh, a
director of the corporation, 150,000 stock options. The options may be
exercised at $0.61 per share in accordance with the terms of PGM's
existing stock option plan and will expire at 5:00 p.m. (Toronto time)
on February 23, 2010.

Effective February 24, 2005, John Harvey has resigned as a director. PGM
would like to take this opportunity to thank Mr. Harvey for his
contributions and for providing the corporation with the benefit of his
experience over the years. Management of the corporation wishes Mr.
Harvey every success in his future endeavours.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    PGM Ventures Corporation
    Jim Voisin
    (519) 699-5352
    www.pgm-ventures.com
    The TSX Venture Exchange Inc. has neither approved nor disapproved the
    information contained herein.