Update on Mining: Eldora Gold Resources Canada News

PMI GOLD TO APPOINT TWO NON-EXECUTIVE DIRECTORS, PETER BUCK AND ROSS ASHTON TO THE
BOARD SUBJECT TO THE CO-LISTING OF THE COMPANY IN AUSTRALIA.
Eldora Gold Resources Canada News: Update on Mining - VANCOUVER, Oct. 21 /CNW/ - PMI Gold
Corporation (TSX.V:PMV) ("PMI Gold" or "the Company") announces that Mr. Peter Buck and Mr. Ross
Ashton have agreed to join the Board of PMI Gold as Independent Non-Executive Directors subject to
and following its proposed Australian co-listing.
Commenting on the appointments of Messrs. Buck and Ashton (Members AUSIMM), PMI Gold CEO,
Douglas MacQuarrie stated "PMI Gold is pleased to be able to attract such experienced and respected
Australian Directors to join the Board of the Company following its proposed Australian listing. Mr. Buck
has been associated with the discovery and development of a number of mineral deposits in Australia
and Brazil, and Mr. Ashton was the founding Managing Director of Red Back Mining Inc., which was
recently the subject of a merger with Kinross Gold Corporation which valued Red Back at US$7.1B. Their
wealth of exploration and development experience will be invaluable for PMI Gold as the Company
progresses development at its Obotan and Kubi Gold Projects in Ghana."
Mr. Buck is a geologist with 35 years of international exploration and production experience, principally
in nickel, base metals and gold. During his career he has been associated with the discovery and
development of a number of mineral deposits in Australia and Brazil.
Mr. Buck worked with WMC Resources for 23 years in a variety of senior exploration and production
roles, before joining Forrestania Gold as Exploration Manager in 1994. Forrestania Gold was
subsequently acquired by LionOre Mining International with whom he was the Director of Exploration &
Geology until mid-2006. He managed the highly successful exploration team that discovered several
nickel deposits and the two million ounce Thunderbox gold deposit in Western Australia. Also, he played
key senior management role in progressing these deposits through feasibility studies to production. Mr.
Buck also played key senior advisory roles in indigenous relations in Australia, LionOre's African
operations and new business development. During this period Mr. Buck was also a non-Executive
Director with Gallery Resources (now IAMGOLD), and Breakaway Resources.
In 2006, Mr. Buck played a key role in managing the divestment of a large portion of LionOre's nickel
exploration portfolio into Breakaway Resources. Following this transaction, Mr. Buck became the
Managing Director and CEO of Breakaway. In 2009 Mr. Buck left Breakaway to pursue other professional
and personal interests.
Mr. Buck is currently Vice President of The Association of Mining and Exploration Companies (AMEC)
and a Board Member of the Centre for Exploration Targeting established at the University of Western
Australia and Curtin University.
Mr. Ashton has been involved in the exploration, consulting, financing and development of international
resource projects since 1972. Most recently in his capacity as Managing Director and subsequently Chair
of Red Back Mining Inc., Mr. Ashton was responsible for identifying the prospectivity and leading the
team which discovered the multi million ounce Chirano gold deposit in Ghana. In 2004 Mr. Ashton re-
domiciled Red Back from the ASX to the TSX with a new Canadian CEO, management and board. In 2005
Mr. Ashton resigned as Red Back Chair. In September, 2010 Red Back, as a +400,000 ounce per year gold
producer, was the subject of a merger with Kinross Gold Corporation which valued that company at
US$7.1B.
Mr. Ashton is a Non Executive Director of Brockman Resources Limited, an ASX listed iron ore
explorer/developer with a market cap of ~$500 million.
With the appointment of Messrs. Buck and Ashton to the Board of PMI Gold, subject to and following
the proposed Australian co-listing, Mr. Len Dennis will resign as a board member but will remain with
the Company as a consultant.
On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Eldora Gold Resources Canada News: Update on Mining - 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.
We Seek Safe Harbour.
Eldora Gold Resources Canada News: Update on Mining - About PMI Gold. Mining analysts have recently
stated that West Africa will soon become the World's second largest gold producing region after China,
with Ghana by far the largest gold producer in West Africa. PMI Gold controls four previous operating
mines on 85 kilometres of Ghana's major gold belts all located near the centre of near 200 million
ounces of historical gold production and current resources. Our Kubi Gold Project (NI43-101 mineral
resource estimate of 604,000 ounces @3.66 g/t gold Indicated; 315,000 ounces @1.88 g/t gold Inferred,
see SEDAR) adjoins the 60 million ounce AngloGold Ashanti Obuasi mine, the largest underground mine
in West Africa with a 113 year, continuous mining history. At Obotan, where previous mining yielded
730,000 ounces of gold at a grade of 2.2 g/t, we recently announced a maiden +1 million ounce gold
mineral resource estimate, and the commencement of an aggressive drilling campaign.