Olympus To Be Featured On Ceo Clips On The Biography Channel
27-Jul-2009
Toronto, July 27, 2009 - Olympus Pacific Minerals Inc. (TSX: OYM, OTCBB: OLYMF, and Frankfurt: OP6) (the "Company" or "Olympus") is pleased to announce that David Seton, Chairman & CEO of Olympus Pacific Minerals Inc. to be featured on CEO Clips on The Biography Channel:
CEO Clips, a series of two-minute corporate profiles on Canadian companies, will feature Olympus Pacific Minerals Inc. on The Biography Channel beginning July 27, 2009 throughout the day and evenings. It can also be viewed online via this link:
http://www.olympuspacific.com/video/olympus-video-interview.html
In addition, it will be posted on Yahoo Finance Canada, stockhouse.ca and MSN Finance as well as our website - www.ceoclips.com.
Olympus Pacific Minerals Inc. is producing, and exporting gold from its Bong Mieu Gold Plant located in central Vietnam approximately 100 km from the port city of Da Nang. The company will continue to develop its core properties, Bong Mieu and the high-grade Phuoc Son Gold Property. Both properties are presently producing and have established NI 43-101 resources. Olympus' primary focus is to generate internal cash flow from increased gold production through its processing facility at Bong Mieu. These production goals will be achieved by toll treating high-grade Phuoc Son ore, building a second processing plant at Phuoc Son, improving our gold recovery and lowering productions costs. Proceeds from these efforts will be used for the further development of the Bong Mieu and Phuoc Son Gold Properties.
About The Biography Channel:
"Over Half of Canadians in digital households watch The Biography Channel," Roper Reports 2005. The Biography Channel finished #1 in awareness, viewer ship and importance to the enjoyment of cable in the latest Beta Research Subscriber study of digital cable subscribers and can currently be viewed in 800 000 Canadian homes.
Olympus is an equal opportunity employer operating two gold mines in central Vietnam near the port city of Da Nang. The Company employs some 485 Vietnamese representing 90% of Olympus' work force; the Company injected 20 million USD into the local economy during 2008.
Olympus Pacific Minerals Inc., as first mover in Vietnam, is positioned to become a leading gold producer and explorer in Southeast Asia. Olympus is committed to its vision of producing gold from its reserves and making major discoveries in the region and increasing shareholder wealth.
OLYMPUS PACIFIC MINERALS INC.
David A. Seton
Chairman and Chief Executive Officer
For further information contact:
James W. Hamilton,
Vice-President Investor Relations
T: (416) 572-2525 or TF: 1-888-902-5522
F: (416) 572-4202
OLYMPUS FOFI DISCLAIMER
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act, including statements concerning our plans at our Vietnamese mineral projects, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment within Vietnam will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information.
Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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