Pan Asia Gemstones Mining Limited (the Company) is a vehicle that was created to acquire and consolidate all the mining concessions located within the Tashkurgan Municipality Davdar Village New Emerald Mining Area, some 60km from the town of Tashkurgan , in the XinJiang Uygur Autonomous Province.

In 2000 emeralds were discovered at this location . In 2005 Tommy Wu visited the site, and in a later visit, accompanied by the well known geologist Larry Snee, it was confirmed that high quality emeralds were being extracted using mainly artisanal mining methods. Dr Snee observed that this exciting new emerald find in Western China has reasonable potential. Unfortunately, he observed that the artisanal mining methods employed at present are largely destructive and, together with the indiscriminate use of machinery and dynamite, poses a threat to what appears to be only the second major emerald discovery for 40 years.

In November, 2007 one of the six extant mining concessions was granted to Pan Asia Gemstone Mining Limited. In the same period the Tashkurgan Municipal Government signed an MOU giving the company the go-ahead to consolidate all the mining concessions. Permission was also granted for the company to proceed through a joint venture or through acquiring the properties for consolidation. A subsidiary company has been registered in China to handle the joint venture and property acquisitions during consolidation.

Once the concession licences come through Pan Asia will begin the consolidation process.

The Company will undertake an feasibility programme on the properties, to commence in early Summer 2008. The programme will evaluate the economic potential of the properties, and if the results are positive, continue to the production of a bankable feasibility study.

The Company has developed a mine-to-market business model. By gaining control of this new emerald discovery, the Company expects to be able to deliver traceable, untreated, natural emeralds, which fetch premium prices, and will give the Company a unique position in the market.

To facilitate raising funding for a feasibility programme, Pan Asia will be seeking a placement from private investors and may eventually seek a listing on the TSX Venture Exchange.

Pan Asia Gemstones Mining Limited wishes to raise US$2.5 million to finance the proposed feasibility study costs of the project.