PMI Gold Corporation : Graduates to the TSX

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA AND AUSTRALIA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

PMI Gold Corporation (TSX-V: PMV, ASX: PVM, Frankfurt: PN3N.F) ("PMI" or the "Company") is pleased to announce that it has completed all necessary requirements for graduation from the TSX Venture Exchange to the Toronto Stock Exchange (the "TSX") main board, including receipt of final approval from the TSX.

PMI's common shares will commence trading on the TSX main board at market open on November 30, 2012. The Company's common shares will continue to trade under the symbol PMV. At this time, the Company's common shares will also be delisted from and cease trading on the TSX Venture Exchange.

On behalf of the Board,
"Collin Ellison"
Managing Director & CEO

For further information please contact:

Investor Relations Canada:
Rebecca Greco, Fig House Communications
P. [phone]
E. [e-mail]

PMI Contact Canada:
Marion McGrath, Corporate Secretary
P. [phone]
Toll-Free: 1 [phone]

Investor Relations Australia:
Nicholas Read/Paul Armstrong, Read Corporate
P. [phone]
M. [phone]

PMI Contact Australia:
Collin Ellison, Managing Director & CEO
P. [phone]

or visit the PMI Gold Corporation website at www.pmigoldcorp.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.