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Jinshan Gold Mines Shares to Resume Trading With New Trading Symbol -- "JIN"

March 16, 2004
Vancouver, Canada --- Jay Chmelauskas, President of Jinshan Gold Mines (formerly Pacific Minerals), announced today that trading in the company's shares on the TSX Venture Exchange will resume on Wednesday, March 17th, under a new trading symbol --- JIN. Trading in the company's shares was halted on March 11th pending assignment of the new trading symbol.

The trading symbol, which is the Chinese word for gold, corresponds to the company's new name: Jinshan Gold Mines. The name was chosen to more accurately reflect the company's focus on mineral exploration, development and production in China.

On March 8th, the company announced the appointment of Jay Chmelauskas as its new President. To facilitate the appointment of Mr. Chmelauskas to the company's Board of Directors, Peter Meredith resigned as a director, effective March 11th. 

Jinshan Gold Mines is a Canadian company focused on the exploration and development of precious and base metals (gold, copper and platinum group metals) in the People's Republic of China and Mongolia. The company has two advanced projects proceeding through scoping studies --- the JBS Platinum & Palladium Project in Yunnan Province and the 217 Gold Project in Inner Mongolia. 

Investors: Bill Trenaman/ Media: Bob Williamson: +1.604.688.5755
Email: [email protected] Website: www.jinshanmines.com

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

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.