First Bitcoin Capital Corp (BITCF)

[Alex Chory]

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September 7, 2006 - 6:35 AM EST

Grand Pacaraima Commencing Discussions With Canadian Mining Concern
Grand Pacaraima Gold Corp.(PINKSHEETS: GPGD) recently commenced discussions with a leading Canadian-based mining concern with significant mining holdings within the country of Venezuela for development of Grand Pacaraima's Venezuela-based properties. These include the Cerro Trompa, San Miguel, Zapata, and Mosquito, all of which are located northwest of Icabaru close to the border with Brazil.

Metallurgica de Mineras S.A. completed core assay analysis of these four properties on July 31,2006. Recoverable gold reserves of 3.6 million ounces compared quite favorably with indicated reserves of 5 million ounces.

Currently, Grand Pacaraima Gold Corp. is negotiating an arrangement with a Canadian-based financial consulting firm with offices in Mississauga and Montreal to represent the company with respect to negotiating a joint venture development of the Venezuelan properties and or acquisition of the company.

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Source: Market Wire (September 7, 2006 - 6:35 AM EST)

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