Cease Trade Order issued by th e British Columbia Securities Commission against the Company on
PACIFIC IMPERIAL MINES INC.
1700-700 West Pender Street, Vancouver, BC, V6C 1G8 Canada Telephone: (604) 669.6332 Facsimile: (604) 688.9336 Email: [email protected]
PPM-TSX VENTURE
NEWS RELEASE
Vancouver, BC – June 25, 2010 PACIFIC IMPERIAL MINES INC. (“The Company”) announces that the Cease Trade Order issued by the British Columbia Securities Commission against the Company on November 6, 2008 was revoked effective June 25, 2010. The Cease Trade Order was issued as a result of the Company having failed to file audited financial statements for its financial year ended June 30, 2008 pursuant to the requirements of National Instrument 51-102. These financial statements, together with the related management discussion and analysis, have now been filed and are available on SEDAR for review.
In addition, the Company has filed revised and restated financial statements and related management discussion and analysis for various periods commencing with the six month period ended December 31, 2007. Details of these filings are contained in the Company’s news releases dated May 25 and June 18, 2010.
The Company will continue its efforts to dispose of its interests in the Tangshang and Salachong mineral projects in China on terms and conditions acceptable to the Company and to seek new business opportunities to pursue.
For further information contact:
PACIFIC IMPERIAL MINES INC.
Leo King, President Tel: 604-669-6332/ Fax: 604-688-9336 E-mail: [email protected]
On behalf of the Board of Directors PACIFIC IMPERIAL MINES INC.
s/“H.Leo King”
H. Leo King President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.