Final Permits Received Along With Drill Plan Program At The Gooseberry Silver-Gold Project

VANCOUVER - American Pacific Mining Corp has received final permits to commence a drill program at the Gooseberry Silver Project in Nevada. With final drill permits now in hand, a 15-hole combination reverse circulation (RC) and diamond drill program is now expected to commence later this year. The project is a low sulphidation, epithermal vein system encompassing the historical Gooseberry silver-gold mine in Storey County, Nevada. The past-producing underground silver and gold mine operated for nearly a century between 1900 and 1990. No meaningful modern exploration work has been done on the project since 1994. The Company owns an undivided 100% interest with no underlying royalties and previously sampled up to 18.45 g/t Au and 595 g/t Ag from the dumps and old mineralized stockpiles at Gooseberry.

"We are very pleased to receive our drilling permit in advance of a 15-hole combination RC and diamond core drill program totaling approximately 4,000 meters," said, President, Eric Saderholm. "These holes will target lateral and down-dip extensions to some of the higher-grade mineralization that was encountered during mining. American Pacific has always been very eager to drill Gooseberry, which produced very high-grade silver and gold from active mining faces. The initial phase of drilling will target extensions to these known mineralized zones."