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Ed Monton

03/02/04 11:13 AM

#1342 RE: Ed Monton #1200

PacRim Announces Offering

PRL

TORONTO, ONTARIO--PacRim Resources Ltd. (the "Corporation") (TSX
V.E. - PRL) wishes to announce that it is offering for sale a
minimum of 6,000,000 units and a maximum of 8,000,000 units of
the Corporation priced at $0.25 per unit with each unit
consisting of one (1) common share and one (1) share purchase
warrant to acquire a further common share at a price of $0.50 for
a period of two years following closing. The offering is expected
to raise gross proceeds of between $1,500,000 to $2,000,000 for
working capital and expenditures on the Corporation's properties.
The offering is subject to approval from the TSX Venture
Exchange. Under the terms of the minimum offering, the
Corporation will be required to pay a $100,000 break fee if the
offering is terminated as a result of the Corporation receiving a
superior offer and the proposed private placees will be entitled
to nominate two directors to the slate of directors being
presented to shareholders at the annual and special meeting
scheduled to be held on April 16, 2004.

Shares issued 27,437,794

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
John Bottomley,
Chief Operating Officer
PacRim Resources
(905) 845-6110
johnb@pacrim-resources.com
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this release.