Olympus Announces Further Gold Resource Increases

Olympus Pacific Minerals Inc.(TSX:OYM)(ASX:OYM)(OTCBB:OLYMF)(FRANKFURT:OP6) announced an approximate 52% gold resource increase at its Bau Gold Project, Sarawak, Malaysia, with an approximate 16% gold resource increase at its Phuoc Son Gold Project in Central Vietnam.

The news is quoted saying:

Olympus is positioned to expand gold production in Southeast Asia from its core properties and has established a production time line that increases the Company’s annualized production to 85,000 ounces gold by early 2011 and a production pipeline capable of further expansion to some 300,000 oz by 2014. The diversified gold production Company expects to further expand its Reserve and Resource Estimates in East Malaysia and Vietnam through continued exploration in 2010.

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