PAIM -- Pearl Asian Mining Industries Inc.
Com ($0.001)(New)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Pearl Asian Mining Industries, Inc. (PAIM) SqueezeTrigger Price is
$0.00054; Approximately 5.3 Billion Shares Shorted Since January 2005
According to Buyins.net Research Report

MANILA, Philippines, Aug 09, 2006 (BUSINESS WIRE) -- www.buyins.net is
reiterating coverage of Pearl Asian Mining Industries, Inc. (OTC:PAIM)
after releasing the latest short sale data to August 8, 2006. From
January 2005 to August 8, 2006 approximately 68.5 billion total
aggregate shares of PAIM have traded for a total dollar value of
nearly $37 million. The total aggregate number of shares shorted in
this time period is approximately 5.3 billion shares. According to
July 10th Total Short Interest, there are 9,552,004 shares that have
been shorted, but not yet covered. Because brokerage firms are only
required to disclose what they are short on one day of the month, the
average amount of Total Short Volume in stocks is approximately 20
times (20 trading days vs. 1 trading day) the disclosed Total Short
Interest figure. In some cases, BUYINS.NET has seen Total Short Volume
higher by as much as 100 times the disclosed increase in Total Short
Interest for that given month. The PAIM SqueezeTrigger price of
$0.00054 is the volume weighted average short price of all short
selling in PAIM. A short squeeze started when shares of PAIM closed
above $0.00054. To access SqueezeTrigger Prices ahead of potential
short squeezes beginning, visit http://www.buyins.net.

Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 28,457,320 2,191,214 $0.00090 $1,972
February 24,295,600 1,870,761 $0.00080 $1,497
March 33,403,000 2,572,031 $0.00160 $4,115
April 76,354,000 5,879,258 $0.00060 $3,528
May 221,336,000 17,042,872 $0.00020 $3,409
June 231,350,000 17,813,950 $0.00010 $1,781
July 57,765,000 4,447,905 $0.00010 $445
September 15,892,000 1,223,684 $0.00010 $122
October 30,000,000 2,310,000 $0.00010 $231
November 45,850,000 3,530,450 $0.00010 $353
December 2,500,000 192,500 $0.00010 $19
January '06 375,038,400 28,877,957 $0.00670 $193,482
February 214,707,200 16,532,454 $0.00450 $74,396
March 34,544,240,640 2,659,906,529 $0.00013 $332,488
April 4,911,258,256 378,166,886 $0.00015 $56,725
May 11,325,330,488 872,050,448 $0.00012 $104,646
June 3,853,778,396 296,740,936 $0.00010 $29,674
July 11,737,847,104 903,814,227 $0.00210 $1,898,010
August 724,701,440 55,802,011 $0.00230 $128,345

Total: 68,454,104,844 5,270,966,073 $0.00054 $2,848,538


1) short volume is approximated using a proprietary algorithm.
2) average short price is calculated using a volume weighted average
short price.
3) short volume is the total short trade volume and does not account
for covers.


About Pearl Asian Mining Industries, Inc.

Pearl Asian Mining Industries, Inc. is an aggressive gold mining
company with a portfolio of gold and silver mining interests in the
Philippines and Canada. With this new and "revenue-making" gold mining
operation to be generated sooner than expected, should give a positive
impact on the company's 2006 Third and Fourth Quarter Financial
Statements. The "Operation Cagayan de Oro" will be operational and
done simultaneously while awaiting for the completion in the
development of the general infrastructures on the XYZ Gold Mine Site.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of
publicly traded US companies fight naked short selling. Naked short
selling is the illegal act of short selling a stock when no
affirmative determination has been made to locate shares of the stock
to hypothecate in connection with the short sale. Buyins.net has built
a proprietary database that uses Threshold list feeds from NASDAQ,
AMEX and NYSE to generate detailed and useful information to combat
the naked short selling problem. For the first time, actual trade by
trade data is available to the public that shows the attempted size,
actual size, price and average value of short sales in stocks that
have been shorted and naked shorted. This information is valuable in
determining the precise point at which short sellers go
out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and
publishes a proprietary SqueezeTrigger for each stock that has been
shorted. The SqueezeTrigger database of nearly 900,000,000 short sale
transactions goes back to January 1, 2005 and calculates the exact
price at which the Total Short Interest is short in each stock. This
data was never before available prior to January 1, 2005 because the
Self Regulatory Organizations (primary exchanges) guarded it
aggressively. After the SEC passed Regulation SHO, exchanges were
forced to allow data processors like Buyins.net to access the data.

All material herein was prepared by BUYINS.NET, based upon information
believed to be reliable. The information contained herein is not
guaranteed by BUYINS.NET to be accurate, and should not be considered
to be all-inclusive. The companies that are discussed in this opinion
have not approved the statements made in this opinion. Pearl Asian
Mining Industries, Inc. has paid $2,985.00 to purchase data for
information provided in 3 reports. The data service can be cancelled
at any time. This opinion contains forward-looking statements that
involve risks and uncertainties. This material is for informational
purposes only and should not be construed as an offer or solicitation
of an offer to buy or sell securities. BUYINS.NET is not a licensed
broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before
purchasing or selling any securities viewed on or mentioned herein.
BUYINS.NET will not advise as to when it decides to sell and does not
and will not offer any opinion as to when others should sell; each
investor must make that decision based on his or her judgment of the
market. This information is deemed reliable, but not guaranteed. All
information and data is provided "as is" without warranty or guarantee
of any kind.

This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should", "expected,"
"anticipates", "draft", "eventually" or "projected". You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks identified
in a companies' annual report on Form 10-K or 10-KSB and other filings
made by such company with the SEC.

SOURCE: Pearl Asian Mining Industries Inc.

CONTACT: Pearl Asian Mining Industries Inc.
Investor Relations:
Gary Gotanco, 866-732-7888 or 678-570-6538 (USA)
or 310-728-6907 or 011 +63-2-490-0140 (Philippines)
Fax: 877-317-4430
IR@...
www.PearlAsianMining.com

Copyright Business Wire 2006

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KEYWORD: Philippines
Asia Pacific
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
Other Natural Resources