2004-12-17 16:55 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to PMI Ventures Ltd.'s non-brokered private placement announced Oct. 6 and Oct. 25, 2004.

No. of shares: 3,175,000 shares

Purchase price: 20 cents per share

Warrants: 3,175,000 share purchase warrants to purchase 3,175,000 shares

Warrant exercise price: 35 cents for a one-year period

No. of placees: 11 placees

Insiders: Pearce Bowman 1.5 million; Neville Howard 200,000; MIA Investments Ltd. (Douglas R. MacQuarrie and Roberta MacQuarrie) 100,000

Finder's fee: $2,500 payable to Union Securities Ltd.

For more information about PMI Ventures please contact:
Douglas R. MacQuarrie, President, or Larry Myles, Shareholder Communications
Telephone:(604)682-8089    Toll-Free:(888)682-8089    Facsimile:(604)682-8094
Or visit the PMI Ventures Ltd. website at www.pmiventures.com