Olympus Issues a Correction Notice to June 5, 2008 Press Release

TORONTO, ONTARIO, Jun 06 (MARKET WIRE) --
Olympus Pacific Minerals Inc. (TSX: OYM) issues a correction notice to
its June 5, 2008 press release.

Under the heading " HIGHLIGHTS "

The second bullet sentence should read "DSDH 254 drilled 65 meters west
of DSDH 222 intersected 8.34 g/t Au over 6.25 meters " and not "6.25 g/t
Au over 6.25 meters" as previously reported.

Olympus apologizes for any inconvenience caused by the error.

Olympus, as first mover in Vietnam, is positioned to become a leading
gold explorer and producer in Southeast Asia. Olympus is committed to its
vision of making major discoveries in the region and increasing
shareholder wealth.

Unless otherwise noted, the technical information in this release has
been prepared by and/or reviewed by Mr. TRP (Rod) Jones, Vice-President
Exploration for Olympus Pacific Minerals Inc, who is a Qualified Person
as defined by National Instrument 43-101. Statements contained in this
release that are not historical facts are forward-looking statements
which involve risk and uncertainties, which could cause actual results to
differ materially from those expressed in the forward-looking statements.
The Company relies upon litigation protection for forward-looking
statements.

OLYMPUS FOFI DISCLAIMER

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario
Securities Act, including statements concerning our plans at our
Vietnamese mineral projects, which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking information. Forward-looking
information is subject to a variety of risks and uncertainties which
could cause actual events or results to differ from those reflected in
the forward-looking information, including, without limitation, failure
to establish estimated resources or to convert resources to mineable
reserves; the grade and recovery of ore which is mined varying from
estimates; capital and operating costs varying significantly from
estimates; delays in obtaining or failure to obtain required
governmental, environmental or other project approvals; changes in
national and local government legislation or regulations regarding
environmental factors, royalties, taxation or foreign investment;
political or economic instability; terrorism; inflation; changes in
currency exchange rates; fluctuations in commodity prices; delays in the
development of projects; shortage of personnel with the requisite
knowledge and skills to design and execute exploration and development
programs; difficulties in arranging contracts for drilling and other
exploration and development services; dependency on equity market
financings to fund programs and maintain and develop mineral properties;
risks associated with title to resource properties due to the
difficulties of determining the validity of certain claims and other
risks and uncertainties, including those described in each management
discussion and analysis. In addition, forward-looking information is
based on various assumptions including, without limitation, the
expectations and beliefs of management; the assumed long-term price of
gold; the availability of permits and surface rights; access to
financing, equipment and labour and that the political environment within
Vietnam will continue to support the development of environmentally safe
mining projects. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements. Accordingly, readers are advised not to place undue reliance
on forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.

Contacts:
Olympus Pacific Minerals Inc.
David Seton
Chairman and Chief Executive Officer
(416) 572-2525 or Toll Free: 1-888-902-5522
(416) 572-4502 (FAX)

Olympus Pacific Minerals Inc.
Jim Hamilton
VP Investor Relations
(416) 572-2525 or Toll Free: 1-888-902-5522
(416) 572-4502 (FAX)
Website: www.olympuspacific.com

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