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Pacific Rim Mining Corp. (TSX:PMU)(OTCQX:PFRMF) ("Pacific Rim" orthe "Company") announces that the investment dispute of its USsubsidiary PacRim Cayman, LLC ("PacRim") with the Government of ElSalvador ("GOES") will proceed to the merits portion of thearbitration case. A Tribunal at the International Centre forSettlement of Investment Disputes ("ICSID") has issued its rulingon objections filed by the GOES and decided that the case willproceed under El Salvador's Foreign Investment Law (the "InvestmentLaw"). The GOES filed "jurisdictional" objections to PacRim's claims underthe Investment Law as well as under the Dominican Republic-UnitedStates-Central America Free Trade Agreement ("CAFTA"). In itsruling, the Tribunal rejected all of the GOES's objections toPacRim's claims under the Investment Law. The Tribunal alsorejected most of the GOES's objections under CAFTA (includingrejecting the GOES's assertion that the case constituted an "abuseof process"). However, while concluding that PacRim is in fact a UScompany and is part of a group of companies that has substantialbusiness activities in the USA, the Tribunal concluded that PacRimby itself does not have sufficiently "substantial" businessactivities in the USA to proceed with its claims under CAFTA.Accordingly, the arbitration claim can and will proceed under theInvestment Law alone. ICSID, a branch of the World Bank, willcontinue to oversee this claim at its headquarters in Washington,DC. "We look forward to proceeding to the merits portion of thearbitration case to recover the value of the El Dorado asset,"states Tom Shrake, President and CEO. "We are very confident in themerits of this case. The fact that it will proceed under theInvestment Law alone rather than under both sets of trade rules hasno impact on the case. What is relevant is the fact that we willcontinue to protect our company's rights with ICSID, at the WorldBank. It is our hope the Government of El Salvador will put an endto this dispute and put her people and our industry back to work.Every mining concession in El Salvador has been expropriatedresulting in the loss of jobs, tax revenues and stability, as wellas Salvador's standing in the foreign investment community." On behalf of the board of directors, Thomas C. Shrake, President and CEO Forward-Looking Information This news release contains forward-looking statements that aresubject to a variety of risks and uncertainties, any of which couldcause actual events or results to differ from those reflected inthe forward-looking statements, including, without limitation:risks related to the outcome of legal proceedings; risks related tothe timing of future updates; and other risks and uncertaintiesrelated to the Company's prospects, properties and businessdetailed in the Company's most recent annual report and AIFfilings. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect,actual results may vary materially from those described inforward-looking statements. Investors are cautioned againstattributing undue certainty to forward-looking statements. Pacific Rim Mining Corp. 604-689-1976 or 1-888-775-7097 (604) 689-1978 (FAX) general@pacrim-mining.com www.pacrim-mining.com. The e-commerce company in China offers quality products such as China Aircraft Hangar Buildings , Multi-storey Steel Building Manufacturer, and more. For more , please visit Structural Steel Fabrications today!
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