Pay 1c....Exercise price 18cS/P now at 28.5c!!!Expiry 3/08NON...

Pay 1c....

Exercise price 18c

S/P now at 28.5c!!!

Expiry 3/08

NON RENOUNCEABLE RIGHTS ISSUE
On 2 March 2006 Pacific Magnesium Corporation Ltd ("the Company") lodged a Prospectus
with ASIC and the ASX, seeking to raise approximately $447,783 via a non-renounceable
rights issue ("Issue") of approximately 44,783,274 options at a price of 1 cent each on the
basis of one Option for every two ordinary Shares held. The offer does not require
shareholder approval.
The Options are exercisable at 18 cents each, with an expiry date of 31 March 2008.
Application has been made to the ASX for official quotation of the Options. The Options do
not have voting rights and will only rank equally with Ordinary Shares after the Options have
been exercised.
The funds raised under the Issue will be applied towards the exploration and development of
the Company's mining projects and working capital requirements.
The timetable for the Issue is as follows:
Lodgement of Prospectus with ASIC and the ASX 2 March 2006
Application to the ASX for quotation of Options under the
Prospectus
2 March 2006
Notice to Shareholders 6 March 2006
Shares trade "Ex" the entitlements issue on the ASX 7 March 2006
Record Date to identify Eligible Shareholders and to determine
Entitlements to options under the Prospectus
14 March 2006
Despatch of Prospectus and Entitlement and Acceptance Form
("Opening Date")
17 March 2006
Closing Date 31 March 2006
ASX notified of under-subscriptions 5 April 2006
Despatch Date of Holding Statements to Optionholders 10 April 2006