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Press release from Marketwire

PMI Files National Instrument 43-101 Compliant Technical Report on the Obotan Project

Wednesday, September 19, 2012

PMI Files National Instrument 43-101 Compliant Technical Report on the Obotan Project16:20 EDT Wednesday, September 19, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2012) -THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIESPMI Gold Corporation (TSX VENTURE:PMV)(FRANKFURT:PN3N)(ASX:PVM) ("the Company") is pleased to announce that it has filed on SEDAR the NI 43-101 compliant technical report on the Obotan Project outlining the mineral resources and reserves estimate and the result of a Feasibility Study.This report relates to PMI's announcement titled "Obotan Gold Project Feasibility Study Demonstrates a Robust, Viable Project, Poised for Development", which was announced on August 28, 2012.On behalf of the Board,Collin Ellison, Managing Director & CEOFOR FURTHER INFORMATION PLEASE CONTACT: Rebecca GrecoFig House Communications - Investor Relations Canada+1 (416) 822-6483fighouse@yahoo.comORNicholas Read/Paul ArmstrongRead Corporate - Investor Relations Australia+61 8 9388 1474 or M: +61 419 929 046ORMarion McGrathPMI Gold Corporation - CanadaCorporate Secretary+1 (604) 684-6264 or Toll-Free: 1 (888) 682-8089+1 (604) 684-6242 (FAX)ORCollin EllisonPMI Gold Corporation - AustraliaManaging Director & CEO+61 8 6188 7900www.pmigoldcorp.com