Ann: JOINT VENTURE EXPLORATION AND DEVELOPMENT HE, page-3

re: Ann: JOINT VENTURE EXPLORATION AND DEVELO... Being set up beautifully as a long term growth stock.

Happy to buy and hold....

It's in the right state with the right business and seems very underpriced still....imo!



7 April 2010
Company Announcements Office
Australian Stock Exchange
20 Bridge Street
SYDNEY NSW 2000
EXPLORATION PERMITS FOR COAL GRANTED
Pacific Enviromin Limited (PEV) is pleased to announce that a further three Exploration Permits for Coal
have now been granted. This brings the total number of granted EPCs held by the company through its
subsidiaries Mining Investments One Pty Ltd and Area Coal Pty Ltd to seven.
A further seven tenements are expected to proceed to grant, four following completion of Native Title
processes. Eighteen more EPC applications await processing, nine of which are competing. The table below
sets out the status of each EPC and EPC application held by PEV.
COAL TENEMENTS
TENEMENT TENEMENT NAME STATUS
AREA
(Subblocks)
AREA
(KM2) COMMENTS
Area Coal Pty Ltd
EPC 1645 Mount Hess PENDING 22 70.33 Competing Application
EPC 1685 Therese Creek PENDING 12 37.82 Competing Application
EPC 1638 Spear Creek PENDING 91 292.13 Competing Application
EPC 1866 Lake Elphinstone PENDING 4 12.72 Competing Application
EPC 1566 Bee Creek PENDING 6 18.97 Competing Application
EPC 1867 Mount Hess West PENDING 4 12.79
EPC 1773 Kemmis Creek *EPP 3 9.59 Native Title
EPC 1827 Cooroorah GRANTED 7 22.06
EPC 1548
West German
Creek GRANTED 12 37.97
EPC 1798 Bluff Creek GRANTED 3 9.44
EPC 1859 Dingo *EPP 7 22.02 Native Title
EPC 1894 Rocky Creek GRANTED 2 6.29
EPC 1920 Comet River GRANTED 9 28.17
EPC 1824 Mount Hillalong *EPP 15 47.99 Native Title
EPC 1896 Bottle Tree Creek PENDING 15 46.15
EPC 1895 Dawson River GRANTED 4 12.48
EPC 1965 Kanga Creek PENDING 8 25.18
EPC 2011 North Copperfield PENDING 18 Competing Application
EPC 2014 Blair Athol PENDING 34 104.60 Competing Application
Page 2 of 2
Mining Investments One Pty Ltd
EPC 1955 Bungaban Creek GRANTED 124 383.10
Joint Venture HOA
Blackwood Resources
EPC 1957 Laguna Creek *EPP 120 382.20
Joint Venture HOA Blackwood
Resources. Native Title.
EPC 1979 Kingsthorpe PENDING 51 155.40
Joint Venture HOA Blackwood
Resources
EPC 1989 Castlevale PENDING 199 622.10
EPC 1987 Quondong PENDING 115 354.10
Joint Venture HOA
Blackwood Resources
EPC 1995 Carlo Creek *EPP 6 18.97
EPC 1996 Churchyard Creek *EPP 10 31.57
EPC 1997 Mt Stuart *EPP 4 12.48
EPC 2012 Clermont PENDING 18 56.99 Competing Application
EPC 2016 Drummond PENDING 43 Competing Application
EPC 2035 Bee Creek PENDING 2
EPC 2036 Ripstone Creek PENDING 2
EPC 2037 Almoola PENDING 6
*EPP Exploration Permit Proposal Issued
The philosophy of PEVs management has been to secure strategic tenure by identifying available tenements
close to operating mines or in areas with proven or potential in-ground resources in regions suitable for
short term development.
An initial review of the projects identifying prospective areas for further exploration has been completed and
the Company is focused on exploiting the commercial value of the projects. The Companys geologists are
identifying exploration targets in each of the project areas and are preparing proposals for further
exploration of the target areas to enable the Company to define the mineral resource.
Exploitation opportunities include one or a combination of farm-in, joint venture development or joint
venture exploration. It is expected that a number of development opportunities will arise from these
strategic holdings.
The first of these opportunities has been realised with the Company has entering into a Joint Venture
Exploration and Development Heads of Agreement with Blackwood Resources Pty Ltd. The agreement
covers four of the tenements listed in the above table. Further details are contained in PEVs earlier ASX
announcement of 6 April 2010.
John Bovard