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PACIFIC IMPERIAL MINES INC.
1605-750 West Pender Street, Vancouver, BC, V6C 2T8 Canada
Telephone: (604) 669.6332 Facsimile: (604) 688.9336 Email: ppm-corp@telus.net
December 13, 2004 PPM-TSX Venture

PRESSS RELEASE
COMPLETION OF RTO AND FINANCING
VANCOUVER, British Columbia – September 20, 2004 – Pacific Imperial Mines Inc. (“Pacific Imperial”) is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Goldchina Holdings Group Limited (“Goldchina”). In consideration for the acquisition, a total of 15,700,000 shares were issued to the former shareholders of Goldchina. These shares are subject to a Tier 2 Value Escrow Agreement providing for the staged release from escrow over a three year period.

The Company has also completed the previously announced private placement of 8,000,000 units at a price of $0.25 per unit for aggregate gross proceeds of $2,000,000. Of this amount, $1,500,000 was raised pursuant to a brokered private placement through Dundee Securities Corporation. The balance was raised by the Company on a nonbrokered basis. The shares and warrants comprising the units are subject to a four month statutory hold period expiring on January 21, 2005. The net proceeds of the private placement will be used for exploration of the Company’s resource properties, for which an initial $880,000 has been budgeted, and for general working capital. The new Directors and Officers of the Company are as follows:

Fan Chang - Director and Chairman of the Board
H. Leo King - Director, President and CEO
Michael Liu - Director, CFO and Executive Vice-President
Roman Shklanka - Director and Vice-Chairman
Geir Liland - Director
Jun (Jeffrey) Ma - Director
Chelsia Cheam - Secretary

The Company has also signed a formal cooperative agreement with Kobex Resources Ltd. (“Kobex”) pursuant to which Kobex has been granted a right of first refusal to acquire a 60% undivided interest in one resource property available to the Company (excluding the Company’s Tangshang and Salachong properties).

The Company is a mineral resource exploration company. Its current focus is the exploration of its two exploration properties located in Yunnan Province, China and known as the Tangshang and Salachong properties, covering a combined area of approximately 61 square kms, held by the Company’s wholly owned Chinese subsidiary, Yunnan Guangnan Gold Company Limited.

ON BEHALF OF THE BOARD OF DIRECTORS OF
PACIFIC IMPERIAL MINES INC.
“H. Leo King”
H. Leo King
President
For further information: Pacific Imperial Mines Inc., Mr. H. Leo King, President
Phone: (604) 688-9368