Will there be a financing solution for PEM in the offing by the Board? I have said for years now, that my biggest concern was about money, financing, and how it was spent. I have not waivered in my stance... . . . . Those who know me know that this had been my mantra, my siren call. We have a couple of Board members who's resume speaks to this issue. I hope that their prior experience in this area serves us well in our time of need. Our biggest problem today is continued financing. Aside from Del Steiner, we have 4 Board Directors. Two of them were appointed on the basis of their touted strengths: Financing, Money. Corporate finance. Investment banking. Mergers and Acquisitions. Equity funding, Joint Ventures. Debt. These are not my words. They are the words that appear in their resumes upon being appointed a PEM Director. It was their strengths we, as shareholders, were led to believe would be blessings to be relied upon in time of need. I have yet to be impressed.

I have always believed PEM has many millions of ounces of gold and likely silver. Be that as it may, the Board needs to do what they were touted as being capable of doing. No excuses please. It's time to put up or shut up. You either have what it takes or you don't. I wondered how well they could navigate in a stormy sea. I think it is time for the remaining Board to pull together and to work day and night on solutions. Real ones. Solutions that this company and it's very rich assets deserve. For the sake of all shareholders and their loved ones. Is there no institutional or significant shareholder willing to step forward with a financial solution? Not a single one of them? They believe the gold is there. All it takes is the funding to get this potentially world class project moving again. Geeezzzz!

In case our Board members missed it, it is all about the money. It always has been. It always wil be. It is time for our Board members to draw on all their expertese, all of it, and hammer out a real financing solution. One with teeth. One that is endurring. One that is fair. One that will not deteriorate share price again. And, importantly, a very sound one that all investors, who risked their own money, so richly deserve. I sense that all it will take to get our share price back to where it belongs in the months ahead is public confidence that PEM has sufficient funds to get by for now and to irreversably announce that they will resume infill drilling as early as possible in the coming Spring. Period!

(See below taken from the PEM web site)

Marwal

Ken Booth

Mr. Booth brings over 30 years of experience in mining and exploration, corporate finance, and the management of public companies. He has worked for two of Canada’s largest investment banks executing numerous equity financings for both junior and senior companies and was involved in a number of significant mergers and acquisitions. While working with resource companies, Mr. Booth has held several positions including CEO and Vice-President of Corporate Development. In these roles he was instrumental in securing equity funding and negotiating property acquisitions, and joint ventures. He holds an MBA from St. Mary’s University and a Bachelor of Science in geology from Carleton University. Mr. Booth is a Director of El Tigre Silver Corp. and Invenio Resources Corp., both companies are listed on the TSX Venture Exchange.

TSX Venture Exchange.

Mike Vint

Mr. Vint is Vice President of Mining for Endeavour Financial Corp., an advisory service specializing in debt, mergers and acquisitions, and corporate finance where he is responsible for mine technical analysis. He has over 18 years of industry experience primarily in mine operations, however the last six years he focused on mine valuation, finance, mergers and acquisitions, and RTO’s.