PMI Gold Corporation

PMI Gold Corporation

July 25, 2005 12:29 ET

PMI Ventures Ltd.: Strong IP Targets Outlined, Ashanti II Project, Ghana

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 25, 2005) - PMI Ventures Ltd. (the "Company") (TSX VENTURE:PMV), is pleased to announce that initial IP survey results from a 14 kilometre long by 3 kilometre wide grid covering eleven high priority gold target zones in the central part of our 400 square kilometre concession area, have outlined two strong IP anomalies.

The anomalies, on the southwest margin of the Diaso granite in our L34N target area, are each over 600 metres in length and appear to have considerable depth extent. They are generally sub parallel, 500 to 700 metres apart and co-incident with marked resistivity lows, part of the major deep seated ASZ2 shear zone previously outlined by the airborne EM survey and SRK structural analysis. This is the same shear zone which is interpreted to host the Obotan gold deposit 24 kilometres to the northeast.

Outcropping quartz sulfide stockwork stringers in granite near the IP target on the west side could indicate the likely source of the anomaly. This type of mineralization has produced very large gold mineralised systems elsewhere in Ghana.

Douglas R. MacQuarrie, President, P.Geo., a qualified person under National Instrument 43-101 prepared this news release. Additional maps and data can be found on our web site.

On behalf of the Board,

Pearce Bowman, Executive Chairman

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

Frankfurt/Berlin WKN 888063

Issued & Outstanding: 33,291,967

Fully Diluted: 48,656,434

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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