Pacific American Holdings Limited seeks to update the market on the status of the samples collected at the Porphyry North Gold Project drilling program that are currently with a third party laboratory for assaying. The assay results from the Porphyry North Gold Project exploration program are taking longer than expected due to scheduling issues and the significant amounts of exploration happening in Western Australia. To date the Company has received an incomplete set of samples and is still awaiting a full and final set of analysis prior to releasing results from the exploration program. The Company is working with Salazar Gold Pty Ltd. so that the geological modelling of the assay results is expedited upon receipt of the results. The Company wishes to thank shareholders for your patience on this matter and will update the market as soon as possible. This market announcement has been authorised for release to the market by the Board of Pacific American Holdings Limited.