Phoenix Matachewan Mines Inc.
TSX VENTURE : PMM

Phoenix Matachewan Mines Inc.

August 28, 2006 09:31 ET

Phoenix Matachewan Mines Inc.: Bottle Creek Report

OTTAWA, ONTARIO--(CCNMatthews - Aug. 28, 2006) - Phoenix Matachewan Mines Inc. (TSX VENTURE:PMM) announces that a report is now available that provides an analysis of the Phase 1 drill results at its Bottle Creek epithermal gold-silver project. This has been posted on Phoenix Matachewan's website, www.phoenixmatachewan.com The Report has been prepared by Dr. J.M. Franklin and is intended to fully explain both surface exploration and the drill results as presented in PMM's August 14 press release, #06-19. It is an in-depth look at what management considers a very exciting potential gold deposit.

The Bottle Creek property is under option from Golden Gryphon Explorations Inc. (GGE, a private company incorporated in British Columbia) whereby the Company has the option to earn 60% of the Bottle Creek property in Humboldt County, Nevada.

Dr. J.M. Franklin P. Geo is the qualified person under National Policy 43-101.

"The statements in this Press Release may contain forward looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."

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