Midlands Minerals and PMI Gold Clarify New Ghana Property Acquisition by PMI Gold

Fri Aug 22, 2008 1:06pm EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Aug 22 (MARKET WIRE) -- 
Midlands Minerals Corporation ("Midlands" or the "Company") (TSX VENTURE:
MEX) and PMI Gold Corporation ("PMI Gold") (TSX VENTURE: PMV) are pleased
to clarify the news release distributed by PMI Gold on August 21, 2008
regarding a new property acquisition by PMI Gold on the Asankrangwa Gold
belt in Ghana.

    The new PMI Gold property was referred to as "The Kaniago Prospecting
License" in the news release. Midlands Minerals however, is the holder of
an adjacent property, already referred to as "The Kaniago Prospecting
Licence" issued as number LVB 13170/07 on June 4, 2007 and signed by the
Minister of Lands, Forestry and Mines and registered by the Registrar of
Lands (Government of Ghana) on June 18, 2007, and valid for a period of 2
years.

    In Ghana, license names are generally based on the names of the main
villages within or close to the prospecting license area. The main
Kaniago village is located within the Midlands' license area, but there
may be minor villages elsewhere that could have the same village name.
The two companies are issuing this press release to clarify that these
are in effect two different, valid, prospecting licenses.

    The Asankrangwa Gold Belt is a highly prospective belt with promising
prospects and both Midlands and PMI Gold hold properties which are either
past gold producers or are contiguous to past open pit gold producers.
Midlands' Kaniago project sits between PMI Gold's Abore and Obotan
projects, on the Asankrangwa Gold Belt. The attached map, prepared by PMI
Gold, illustrates the location of the two licenses. To view the map,
please click on the link below:

   
http://www.midlandsminerals.com/press_releases/images/KaniagoMEXLocStrucsmallpor
rait.pdf.

    For future disclosure purposes, and in order to minimize any potential
confusion, PMI Gold will refer to its new Kaniago Prospecting License as
the Kaniago (Adansi) license.

    ABOUT MIDLANDS MINERALS

    Midlands is a growth oriented and value based gold exploration company
operating in Ghana and Tanzania, two stable low risk countries with a
history of gold mining. The Company mitigates potential risk to investors
by operating in two safe countries with well established mining laws, and
by having several high quality projects located near major gold deposits
and on known prolific gold producing belts. The Company has a highly
qualified management and technical team with extensive experience in the
countries in which the Company operates. The Company's priority project
is the fully permitted and past gold producer, Sian gold project, located
on the Ashanti Gold Belt in Ghana. For more information on the Company,
please visit Midlands' investor relations website at
www.agoracom.com/IR/MidlandsMinerals or email MEX@agoracom.com.

    ABOUT PMI GOLD

    PMI Gold is currently advancing its Kubi Gold Project in Ghana towards
production, and controls four previous operating gold mines on 712 square
kilometres of leases and concessions located along the prolific Ashanti
and Asankrangwa gold belts. For more information, please visit PMI Gold's
website at www.pmigoldcorp.com.

    ABOUT GHANA

    Ghana is Africa's second largest gold producer and has attracted over $7
billion in foreign direct investment into the minerals and mining sector
over the last decade. Ghana is a destination of choice because of its
long gold mining history, prospective resource base, reasonable taxation
and stable government.

    On behalf of the Board of Midlands

    Kim Harris, President and Chief Executive Officer

    On behalf of the Board of PMI Gold

    David Buckle, Executive Chairman

    Certain statements contained in this news release constitute
forward-looking statements. Such forward-looking statements involve a
number of known and unknown risks, uncertainties and other factors, which
may cause the actual results, performance or achievements of the company
to be materially different from actual results and achievements expressed
or implied by such forward-looking statements. Forward-looking statements
consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions regarding
the future. No assurance can be given that any of the events anticipated
by the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect.

    The Company adds a cautionary statement to the effect that the potential
quantity and grades referred to in this press release are conceptual in
nature and there has been insufficient exploration to define a mineral
resource. Further, the Company is uncertain if further exploration will
result in discovery of a mineral resource. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date the statements were made. Readers are also advised to
consider such forward looking statements while considering the risks
inherent in the business of mineral exploration. For more information,
investors should review the Company's filings that are available at
www.sedar.com.


 
 The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of the content of
this news release.

Contacts:
Midlands Minerals Corporation
Kim Harris
President and CEO
(416) 492-6992 or CEO Direct Line: (416) 447-6882
(416) 492-6993 (FAX)
Email: info@midlandsminerals.com
Website: www.midlandsminerals.com

PMI Gold Corporation
David Buckle
Executive Chairman
(604) 682-8089 or Toll-Free: 1-888-682-8089
(604) 682-8094 (FAX)

PMI Gold Corporation
For European Investors:
Florian Riedl-Riedenstein
43-2774-28814
Email: frram@aon.at

PMI Gold Corporation
For European Investors:
John Mullen
41-522-428795
Email: John Mullen@bluewin.ch
Website: www.pmigoldcorp.com

Copyright 2008, Market Wire, All rights reserved.

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