American Pacific Mining Announces Joint Venture with OceanaGold 

VANCOUVER, BC - American Pacific Mining Corp has entered into an earn-in agreement in respect of APM’s Tuscarora Gold Project with OceanaGold U.S. Holdings Inc. OceanaGold is an Australian-based, mid-tier mining company with numerous producing assets, including the largest producing gold mine in New Zealand, the Macraes Goldfield Mine.

Warwick Smith, CEO of APM, said, “We are very pleased to partner with OceanaGold at Tuscarora in Elko, Nevada. Both sides will work to add value to the project and define further drill targets across the large and historic land package. This announcement adds excitement to the project and the company as we enter a new exploration season. OceanaGold is the perfect partner in our eyes, especially with the success they have had at Waihi in New Zealand—a similar high-grade epithermal system. For a company of our size, this transaction is a big milestone.”

Eric Saderholm, President of APM said, “A joint venture with a mid-tier producer, such as OceanaGold, adds to the merit of this high-grade, epithermal gold project. Nevada is the top investor-friendly jurisdiction for mining, and I look forward to working alongside the OceanaGold team as we move this gold discovery ahead at Tuscarora.”

The company’s address is Suite 910, 510 Burrard Street, Vancouver, BC, V6C 3A8,(866) 646-5389, americanpacific.ca.