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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 20-F-A
 o
    
    REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE
ACT OF 1934
 OR
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
 For the fiscal year ended December 31, 2009
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 0-52324
 Olympus Pacific Minerals Inc.
  (Translation of Registrants name into English)
 (Jurisdiction of incorporation or organization)
 Suite 500
 10 King Street East Toronto, Ontario Canada, M5C 1C3
 Securities to be registered pursuant to Section 12(b) of the Act:
    
    NoneSecurities to be registered pursuant to Section 12(g) of the Act:
    
    common shares(Title of Class)
 None
 268,458,779
  o þ
  o þ
  o o
  þ o
  Large accelerated file o
Accelerated file o
Non-accelerated file þ  U.S. GAAP o
    
    International Financial Reporting Standards as issued
    
    Other þBy the International Accounting Standards Board o
  þ o
  o þ




---



##### 



ITEM 4:
    
    Information on the Company
    
    
    44A.
    
    History and Development of the Company
    
    
    4Table No. 2:
    
    Financings
    
    
    84.B
    
    Business Overview
    
    
    104A.1.
    
    General
    
    
    114A.2.
    
    Description of Mining Industry
    
    
    124C.
    
    Organizational Structure
    
    
    164D.
    
    Property, Plant and Equipment
    
    
    164D.1
    
    Phuoc Son Gold Property
    
    
    234D.2
    
    Bong Mieu Gold Property
    
    
    324D.3
    
    Capcapo Property, The Philippines
    
    
    404D.4
    
    Bau Gold Project, East Malaysia
    
    
    434D.5
    
    Tien Thuan Gold Project, Central Vietnam
    
    
    464D.6
    
    GR Enmore Gold Project, New South Wales, Australia
    
    
    50ITEM 15:
    
    Controls and Procedures
    
    
    53ITEM 19:
    
    Exhibits
    
    
    55SIGNATURES
    
    
    60EX-12.1EX-12.2EX-13.1EX-13.2
  EXPLANATORY NOTE
 Information on the Company Controls and Procedures




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ITEM 4: INFORMATION ON THE COMPANY
 
 History and Development of the Company
        4




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5




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www.sedar.com
      Amalgamation with Zedex Minerals Limited
   6




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7




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Table No. 2: Financings
 Fiscal Year
    
    Nature of Issuance
    
    Number of Shares
    
    Capital RaisedDecember 31, 2000
    
    Private Placement (1)
    
    
    6,625,000
    
    
    CAD$
    1,840,000December 31, 2001
    
    Private Placement (2)
    
    
    10,964,500
    
    
    CAD$
    3,944,000December 31, 2002
    
    Nil
    
    Nil
    
    
    NilDecember 31, 2003
    
    Private Placement (3)
    
    
    21,163,459
    
    
    CAD$
    6,832,063December 31, 2004
    
    Private Placement (4)
    
    Nil
        
      
    NilDecember 31, 2005
    
    Private Placement(5)
    
    
    32,645,000
    
    
    CAD$
    11,063,500December 31, 2006
    
    Private Placement (6)
    
    
    27,000,000
    
    
    CAD$
    15,660,000December 31, 2007
    
    Private Placement and Public Offering (7) (8)
    
    
    60,106,503
    
    
    CAD$
    37,153,601December 31, 2008
    
    Nil
    
    Nil
    
    
    NilDecember 31, 2009
    
    Private Placement(9)
    
    
    16,216,216
    
    
    US$
    3,000,000
 Notes:(1)
    
    In 2000, the Company raised a total of CAD $1,840,000 through two separated financings: (i.)
    
    In March 2000, 4,500,000 units were sold for CAD$0.22/unit. Each unit was
comprised of one common share and one two-year share purchase warrant entitling the
holders to acquire up to 4,500,000 shares at CAD$0.30/unit during the first year and at
CAD$0.40/unit during the second year;(ii.)
    
    In August 2000, 2,125,000 common shares were issued at CAD$0.40/share to
various holders.
 (2)
    
    In 2001, the Company completed three financings and raised a total of CAD$3,944,000:
 (i.)
    
    In February, 1,200,000 units were sold for CAD$0.60/unit. Each unit was
comprised of one common share and one share purchase warrant, each whole purchase
warrant exercisable at an exercise price of CAD$0.75/warrant for a one-year period, and
CAD$1.00/warrant for the second year;(ii.)
    
    In July, 552,000 units were sold for CAD$0.50/unit. Each unit was comprised of
one common share and one share purchase warrant, each whole purchase warrant
exercisable at an exercise price of CAD$0.65/warrant for a one-year period, and
CAD$1.00/warrant for the second year;(iii.)
    
    In December, 9,212,500 units were sold for CAD$0.32/unit. Each unit was comprised of
one common share and one share purchase warrant, each whole purchase warrant
exercisable at an exercise price of CAD$0.32.
 (3)
    
    In 2003, a total placement, raising CAD$6,832,063 was completed in three closings:
 (i.)
    
    In February, 1,562,750 units were sold for CAD$0.40/unit. Each unit was
comprised of one common share and one share purchase warrant, each whole purchase
warrant exercisable at an exercise price of CAD$0.40/unit for a one-year period;(ii.)
    
    In March, 3,267,500 units were sold for CAD$0.40/unit. Each unit was comprised
of one common share and one share purchase warrant, each whole purchase warrant
exercisable at an exercise price of CAD$0.50/warrant for a one-year period;(iii.)
    
    In October, 16,333,209 units were sold for CAD$0.30/unit. Each unit consists of one
common share and one-half of one common share purchase warrant, each whole purchase
warrant exercisable at an exercise price of CAD$0.40/unit for a one-year period and
thereafter at a price of CAD$0.50/unit for a one-year period.
 
 8




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(4)
    
    On June 29, 2004, the Company closed a Vend-In Agreement, whereby it acquired the
remaining 42.82% interest in the NVMC joint venture. The acquisition resulted in the
issuance of 13,483,133 common shares of the Company of which Zedex received 3,205,467
shares and Ivanhoe received 10,277,646 shares. No capital was raised in this
transaction.
 (5)
    
    In 2005, a total placement, raising CAD$11,063,500 was completed in two closings:
 (i.)
    
    In January, the Company closed a CAD$5,080,000 private placement with
Dragon Capital Markets Limited (Dragon Capital) by issuing 12.7 million common
shares priced at CAD$0.40/unit. In consideration for its service, Dragon Capital was
paid a finders fee of US$261,471 and was granted 1,270,000 warrants exercisable at
CAD$0.40/unit for a period of one year from the date of closing;(ii.)
    
    In September, the Company received CAD$5,983,500 from the closing of a
private placement and issued 19,945,000 common shares priced at CAD$0.30/share.
 (6)
    
    On March 31, 2006, a private placement closed where the Company issued 27,000,000
shares at CAD$0.58 raising CAD$15,660,000.
 (7)
    
    On March 19, 2007, the Company completed a non-brokered private placement, of
21,428,571 shares at a price of CAD$0.56 per share, for gross proceeds of CAD$12,000,000
and net proceeds of CAD$11,967,772. The net proceeds were used for ongoing exploration,
feasibility studies and development work on the Companys mineral projects and for general
corporate purposes.
 (8)
    
    On August 10, 2007, the Company closed an offering (the Offering) of units of the
Company (Units) for aggregate gross proceeds of CAD$25,000,000 (the Closing). Pursuant
to the Offering, the Company issued and sold a total of 38,461,538 Units at a price of
CAD$0.65 per Unit. Each Unit was comprised of one common share of the Company (a Share)
and one-half of one common share purchase warrant (Warrant). Each whole Warrant will be
exercisable at CAD$0.80 until August 10, 2009. The Company granted the Agents an
over-allotment option (the Over-Allotment Option) exercisable in whole or in part at the
sole discretion of the Agents, for a period of 30 days from closing of the Offering, to
purchase up to an additional 5,769,230 Shares (Additional Shares) at a price of CAD$0.62
per Additional Share and up to an additional 2,884,615 Warrants (Additional Warrants) at
a price of CAD$0.06 per Additional Warrant, for further gross proceeds of up to
CAD$3,750,000, if exercised in full. In consideration for their services, the Corporation
paid a fee of CAD$1,500,000 to the Agents (equal to 6% of the gross proceeds realized from
the sale of Units). The Agents were also granted non-transferable options (the
Compensation Options) to acquire 2,307,692 Units (each an Agents Unit) (equal to 6% of
the number of Units issued pursuant to the Offering). Each Compensation Option is
exercisable to acquire one Agents Unit at CAD$0.65 until August 10, 2009. Each Agents
Unit consists of one common share of the Company and one-half of one common share purchase
warrant (Agents Warrants). Each whole Agents Warrant will be exercisable to acquire one
common share of the Company (a Agents Warrant Share) at a price of CAD$0.80 per Agents
Warrant Share until August 10, 2009. On September 7, 2007,the over-allotment option
granted to the agents in connection with the Companys public offering of units (the
Offering), was exercised in respect of 216,394 common shares (Additional Shares) at a
price of CAD$0.62 per Additional Share and 323,947 warrants (Additional Warrants) at a
price of CAD$0.06 per Additional Warrant, resulting in additional gross proceeds of
CAD$153,601. Each whole Warrant will be exercisable at CAD$0.80 until August 10, 2009. The
partial exercise of the over-allotment options brings the aggregate gross proceeds to the
Company under the Offering to CAD$25,153,601. The net
 9




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proceeds from the Offering are being used for further exploration and feasibility studies at
the Companys Bong Mieu Gold and Phuoc Son Gold properties in Vietnam and the Capcapo
property in the Philippines and for working capital and general corporate purposes.
 (9)
    
    In May 2009 the Company completed a non-brokered private placement of 16,216,216 shares
at a price of US$0.1850 per share, for gross proceeds of $3,000,000 and net proceeds of
US$2,845,264. Agents for the private placement were paid a cash commission of 5% of the
gross proceeds of the placement.
 (10)
    
    In March 2010, the Company obtained private placement funding of CAD$12,750,000. The
net funds will be used in the establishment of a processing plant at Phuoc Son. The
financing is in the form of nine percent subordinated unsecured convertible promissory
notes which mature on March 26, 2014.
 (11)
    
    In June 2010 the Company obtained private placement funding of US$21,960,000. The net
proceeds will be used for the construction of a processing facility at the Companys Phuoc
Son and Bong Mieu Mines in Vietnam and for general exploration and corporate purposes. The
financing is in the form of gold delivery notes which mature on May 31, 2013 and bear
interest at a rate of eight percent.
  Capital Expenditures
  Capital Assets, Mineral Properties and DeferredAs at December 31
    
    Exploration and Development Costs2000
    
    $
    7,535,4632001
    
    $
    7,058,6782002
    
    $
    4,957,7362003
    
    $
    6,759,5452004
    
    $
    15,468,2222005
    
    $
    25,387,9782006
    
    $
    30,148,5982007
    
    $
    43,132,4022008
    
    $
    44,562,8942009
    
    $
    41,683,143
 
 Business Overview
 Forward-Looking Statements
 Safe Harbor Statement under the United States Private Securities Litigation Reform Act of
1995
 10




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General
 General
     11




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2
 2
 2 2 2 .
 
 Description of Mining Industry
  12




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1.
    
    The amount of mineralization which has been established, and the likelihood of
increasing the size of the mineralized deposit through additional drilling;2.
    
    The expected mining dilution;3.
    
    The expected recovery rates in processing;4.
    
    The cost of mining the deposit;5.
    
    The cost of processing the ore to separate the gold from the host rocks,
including refining the precious or base metals;6.
    
    The costs to construct, maintain, and operate mining and processing activities;7.
    
    Other costs associated with operations including permit and reclamation costs
upon cessation of operations;8.
    
    The costs of capital;9.
    
    The costs involved in acquiring and maintaining the property; and10.
    
    The price of the precious or base minerals. For example, the price of one ounce
of gold for the years 2001-2009 ranged from a low of $271 in 2001, to a high of
$1,212.50 in 2009. At June 30 , 2010, the price of gold was $1,244 per
ounce1.
  
 1
    
    Based upon the Average Spot Price of Gold,
London PM fix. 13




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
    
    seeking to sell the deposit or the Company to third parties;
    
    entering into a joint venture with larger mining company to
mine the deposit; or
    
    placing the property into production ourselves.
 Key Information. D. Risk Factors
 REGULATION OF MINING INDUSTRY AND FOREIGN INVESTMENT IN VIETNAM
   14




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REGULATION OF MINING INDUSTRY AND FOREIGN INVESTMENT IN MALAYSIA
     15




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4C. Organizational Structure
 
 
 4D. Property, Plant and Equipment
 General
    16




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Schedule of Investment Licenses
 PROJECT
    
    OWNER
    
    LICENSE
    
    AREA
    
    STATUS
    
    GRANT DATE
    
    TERM
    
    EXPIRY DATE1. Bong Mieu
    
    BOGOMIN
    
    Certificate No 331022000008
    
    30 Sq Km
    
    Granted
    
    5/3/90
    
    25 years
    
    5/3/20152. Phuoc Son
    
    PSGC
    
    IL 2355/GP
    
    70 Sq Km
    
    Granted
    
    8/7/2008
    
    25 years
    
    20/10/2033
 Schedule of Mining Licenses
 EXPIRYPROJECT
    
    MINE
    
    OWNER
    
    LICENSE
    
    AREA
    
    STATUS
    
    GRANT DATE
    
    TERM
    
    DATE1. Bong Mieu
    
    Ho Gan (VN220)
    
    BOGOMIN
    
    ML592/CNNg
    
    358 Ha
    
    Granted
    
    22/7/92
    
    25 years
    
    22/7/2017Bong Mieu
    
    Nui Kem (VN230)
    
    BOGOMIN
    
    ML592/CNNg
    
    358 Ha
    
    Granted
    
    22/7/92
    
    25 years
    
    22/7/2017Bong Mieu
    
    Ho Ray
    
    BOGOMIN
    
    Proposed new MLA
    
    Not yet defined
    
    Proposed
    
    
    
    
    
    2. Phuoc Son
    
    Dak Sa Bai Dat
    
    PSGC
    
    ML116/GP-BTNMT
    
    1.00 Ha
    
    Granted
    
    23/1/2006
    
    5.5 years
    
    31/7/2011Phuoc Son
    
    Dak Sa Bai Go
    
    PSGC
    
    ML116/GP-BTNMT
    
    0.52 Ha
    
    Granted
    
    23/1/2006
    
    5.5 years
    
    31/7/2011
 Schedule of Exploration Licenses
 Phuoc Son
    
    
    
    PSGC
    
    EL 67/GP-BTNMT
    
    42 Sq Km
    
    Granted
    
    10/01/2008
    
    2 years
    
    10/01/2010
 17




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Phuoc Son
    
    
    
    PSGC
    
    EL 67/GP-BTNMT
    
    28 Sq Km
    
    Grant Pending
    
    10/01/2010
    
    2 years
    
    10/01/2012Bong Mieu
    
    
    
    BOGOMIN
    
    EL 2125/GP- BTNMT
    
    30 Sq Km
    
    Granted
    
    24/10/2008
    
    2 years
    
    24/10/2010
 Schedule of Certificates
 COMPANY
    
    TYPE OF CERTIFICATE
    
    DATE GRANTED
    
    TERM
    
    EXPIRY DATEBong Mieu Gold Mining Company
    
    Gold export certificate
    
    Dec 31, 2009
    
    1 year
    
    Dec 31, 2010Phuoc Son Gold Mining Company
    
    Gold export certificate
    
    Dec 31, 2009
    
    1 year
    
    Dec 31, 2010Bong Mieu Gold Mining Company
    
    Land Use Certificate
    
    Oct 9, 1993
    
    25 years
    
    Sep 2017
 Schedule of Exploration Tenements (Applications)
 PROJECT
    
    E.L. REG. #
    
    
    REG. HOLDER1. Phuoc Son
    
    67/GP-BTNMT
    
    PSGMC2. Bong Mieu
    
    2125/GP BTNMT
    
    BOGOMIN3. Capcapo
    
    MPSA#141, EXPA#085
    
    AMIC4. Khau Pum
    
    
    
    
    
    OPVL5. Phuoc Thanh
    
    
    
    
    
    PSGC6. Sanakham
    
    MEAPA
    
    OYM
 Global Resource Estimates
 CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF
MEASURED AND INDICATED MINERAL RESOURCES
  CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF
INFERRED MINERAL RESOURCES
 This section uses the term inferred resources. We advise U.S. investors that while this term is
recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does
not recognize it. Inferred resources have a great uncertainty as to their
 18




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existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed
that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility
or prefeasibility studies, except in rare cases. U.S. investors are cautioned not to assume that
part or all of an inferred resource exists, or is economically and legally mineable.
  The Companys Global Reserves and Resources are summarized in the table below at December 31, 2009.
 19




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Reserves
    
    2008
    
    
    2009Property
    
    Reserve Category
    
    Tonnes
    
    
    Gold Grade (g/t)
    
    
    Contained Gold (oz)
    
    
    Tonnes
    
    
    Gold Grade (g/t)
    
    
    Contained Gold (oz)Bong Mieu
Gold Property(1)
    
    Proven
    
    
    0
    
    
    
    
    
    
    
    0
    
    
    
    
    
    
    
    
    
    
    
    Probable
    
    
    289,000
    
    
    
    2.90
    
    
    
    26,900
    
    
    
    254,627
    
    
    
    2.72
    
    
    
    22,236Total P&P
    
    
    289,000
    
    
    
    2.90
    
    
    
    26,900
    
    
    
    254,627
    
    
    
    2.72
    
    
    
    22,236Phuoc Son
Gold Property(2)
    
    Proven
    
    
    235,650
    
    
    
    8.72
    
    
    
    66,070
    
    
    
    205,053
    
    
    
    6.53
    
    
    
    43,031Probable
    
    
    694,740
    
    
    
    7.48
    
    
    
    167,080
    
    
    
    675,316
    
    
    
    7.21
    
    
    
    156,591Total P&P
    
    
    930,390
    
    
    
    7.79
    
    
    
    233,150
    
    
    
    880,369
    
    
    
    7.05
    
    
    
    199,622
 Resources
    
    2008
    
    
    2009Property
    
    Resource Category
    
    Tonnes
    
    
    Gold Grade (g/t)
    
    
    Contained Gold (oz)
    
    
    Tonnes
    
    
    Gold Grade (g/t)
    
    
    Contained Gold (oz)Bong Mieu
Gold Property(3)
    
    Measured
    
    
    1,071,900
    
    
    
    2.13
    
    
    
    73,400
    
    
    
    973,660
    
    
    
    2.02
    
    
    
    63,080Indicated
    
    
    2,511,600
    
    
    
    1.75
    
    
    
    141,310
    
    
    
    2,257,640
    
    
    
    1.66
    
    
    
    120,545Total M&I
    
    
    3,800,200
    
    
    
    2.13
    
    
    
    260,010
    
    
    
    3,231,300
    
    
    
    1.77
    
    
    
    183,624Inferred
    
    
    4,739,800
    
    
    
    1.40
    
    
    
    213,340
    
    
    
    4,729,320
    
    
    
    1.40
    
    
    
    212,930Bong Mieu
Ancillary Metal Credits(7)
    
    Measured
    
    
    
    
    
    
    
    
    
    
    32,340
    
    
    
    
    
    
    
    
    
    
    
    24,647Indicated
    
    
    
    
    
    
    
    
    
    
    52,380
    
    
    
    
    
    
    
    
    
    
    
    39,915Total
M&I Credits
    
    
    
    
    
    
    
    
    
    
    84,720
    
    
    
    
    
    
    
    
    
    
    
    64,562Inferred
credits
    
    
    
    
    
    
    
    
    
    
    85,390
    
    
    
    
    
    
    
    
    
    
    
    65,110Bong Mieu (Historic Nui Kem u/g)
(3.3)
    
    Measured
    
    
    24,200
    
    
    
    5.00
    
    
    
    3,890
    
    
    
    24,200
    
    
    
    5.00
    
    
    
    3,890Indicated
    
    
    192,700
    
    
    
    6.60
    
    
    
    40,890
    
    
    
    192,700
    
    
    
    6.60
    
    
    
    40,890Total (M + I)
    
    
    216,900
    
    
    
    6.42
    
    
    
    44,780
    
    
    
    216,900
    
    
    
    6.42
    
    
    
    44,780Inferred
    
    
    1,220,000
    
    
    
    8.00
    
    
    
    313,792
    
    
    
    1,220,000
    
    
    
    8.00
    
    
    
    313,792Phuoc Son
Gold Property(4)
    
    Measured
    
    
    163,320
    
    
    
    12.76
    
    
    
    67,000
    
    
    
    132,964
    
    
    
    10.28
    
    
    
    43,933Indicated
    
    
    546,350
    
    
    
    10.16
    
    
    
    178,470
    
    
    
    527,571
    
    
    
    9.92
    
    
    
    168,204Total M&I
    
    
    709,670
    
    
    
    10.76
    
    
    
    245,470
    
    
    
    660,535
    
    
    
    9.99
    
    
    
    212,137Inferred
    
    
    1,884,200
    
    
    
    6.63
    
    
    
    401,640
    
    
    
    1,878,685
    
    
    
    6.63
    
    
    
    399,017Tien Thuan Gold Property(5)
    
    Project at initial
exploration stage, no resource estimate conducted at date of publicationBau Gold Property(6)
    
    Resource in the
process of being converted from JORC to NI 43-101 - results not available at date of publication
 Global Totals:
    
    2008
    
    2009Total Proven & Probable Reserves Contained Ounces
    
    
    260,050
    
    
    
    221,858Total Measured & Indicated Resource Contained Ounces
    
    
    505,480
    
    
    
    395,761Total Inferred Resource Contained Ounces
    
    
    614,980
    
    
    
    611,946Total Measured & Indicated Ancillary Metal Credit Contained Ounces
    
    
    84,720
    
    
    
    64,562Total Inferred Ancillary Metal Credit Contained Ounces
    
    
    85,390
    
    
    
    65,110Total Historic Measured + Indicated Resource Contained Ounces
    
    
    44,780
    
    
    
    44,780Total Historic Inferred Resource Contained Ounces
    
    
    313,792
    
    
    
    313,792
 
 *
    
    Measured and Indicated Resource Estimates Includes Proven and Probable Reserves(1)
    
    Bong Mieu reserves were estimated by Olympus in accordance with Canadian National
Instrument NI 43-101 and the Council of the Canadian Institute of Mining, Metallurgy and
Petroleum definitions & standards and were independently reviewed by Terra Mining Consultants
and Stevens & Associates (TMC/SA) in March 2009. Copy of the TMC/SA technical report
entitled Updated Technical Review of Bong Mieu Gold Project in Quang Nam Province, Vietnam,
dated April, 2009 can be found in the Companys filings at www.sedar.com. Deposit notes and
2009 reserve impairments are as noted below:1.1 Ho Gan Deposit-Lower and upper grade-cutoffs are 0.80 g/t Au and 10.00 g/t Au
respectively. The mining dilution factor is 10% @ 0.30 g/t Au.No new reserves were developed during 2009. Accordingly, the remaining reserve was estimated by
deducting the tonnage mined during 2009 from the official reserve remaining at YE 2008. The
tonnage mined during 2009 was estimated by reconciling the tonnage (by truck count) with mill
tonnage (by weightometer).1.2 Ho Ray-Thac Trang Deposit No reserves have yet been estimated.1.3 Nui Kem Deposit No reserves have yet been estimated.(2)
    
    Dak Sa (Bai Dat and Bai Go Sector) reserves were estimated by Olympus (based on a 3.00 g/t Au
stope cut-off, practical stope layouts and the application of appropriate mining dilution
rules and minimum width criteria) in accordance with Canadian National Instrument NI 43-101
and the Council of the Canadian Institute of Mining, 20




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Metallurgy and Petroleum definitions &
standards. This estimate was independently audited by Terra Mining Consultants and Stevens and
Associates (TMC/SA) in March 2008. This TCM/SA report entitled Technical Report on the
Phuoc Son Project in Quang Nam Province, Vietnam"(March 2008), is within Company filings at
www.sedar.com. Deposit notes and 2009 reserve impairments are as noted below:2.1 Bai Dat SectorDuring 2009, ore was mined from Bai Dat, but no new (NI 43-101 status) reserves were developed.
The 2009 reserve was therefore determined by deducting the ore mined during 2009 from the 2008
YE reserve. The ore mined during 2009 was determined by underground survey reconciled with the
official milled tonnage (by weightometer). The 2008 reserve employed a lower grade-cutoff of
3.00 g/t Au and an upper cutoff of 100.00 g/t Au.2.2 Bai Go SectorDuring 2009, no mining was conducted and no new (NI 43-101 status) reserves were developed.
Accordingly, the 2009 reserve remains the same as the YE 2008 reserve (at a lower grade-cutoff
of 3.00 g/t Au and an upper cut of 80.00 g/t Au).(3)
    
    Bong Mieu resources were first estimated by Olympus (in accordance with National Instrument
NI 43-101 and the Council of the Canadian Institute of Mining, Metallurgy and Petroleum
definitions & standards) and independently audited/updated by Watts Griffis and McOuat (WGM)
(A Technical Review of the Bong Mieu Gold Project in Quang Nam Province, Vietnam), in
September 2004, by Terra Mining Consultants and Stevens & Associates (TMC/SA) (Technical
Review of the Bong Mieu Gold Project in Quang Nam Province, Vietnam) in August 2007 and by
TMC/SA (Updated Technical Review of Bong Mieu Gold Project in Quang Nam Province, Vietnam)
in March 2009. Copies of these reports can be found within Company filings at www.sedar.com.
Deposit notes and 2009 resource impairments are as noted below:3.1 Bong Mieu Central (Ho Gan) DepositDuring 2009, no new (NI43-101 status) resources were developed. The 2009 resource was therefore
determined by deducting the ore mined during 2009 (refer above) from the 2008 YE resource .3.2 Bong Mieu East (Ho Ray-Thac Trang) DepositDuring 2009, no new (NI43-101 status) resources were developed. The 2009 estimate therefore
remains the same as at YE 2008. The 2008 estimate incorporated drilling completed by Olympus
during 2008 (using upper and lower grade cutoffs of 0.5 g/t Au and 10 g/t Au respectively) to
update prior NI43-101 and CIMM standard estimates/audits, as independently reviewed by TMC/SA in
March 2009 (refer above).3.3 Bong Mieu South (Nui Kem) Deposit (Historic Resource)The most recent independent estimate of the Nui Kem underground resource was by Continental
Resource Management Pty Ltd (CRM) in 1993, in accordance with JORC (1989) standards. This
estimate used lower and upper grade-cutoffs of 3.00 g/t Au and 30.00 g/t Au respectively.
Although this CRM estimate pre-dates NI 43-101, it was independently reviewed by Watts, Griffis
and McOuat (WGM) in 1997 and again in 2007 by TMC/SA (refer above).Neither WGM nor TMC/SA audited the CRM estimate, nor did they attempt to reclassify the Nui Kem
resource to meet NI43-101 standards. Nonetheless, both independent consultant groups consider it
to have been carried out in a manner consistent with standard industry practice of the time and
deem it to be relevant and of historic significance. It is accordingly herein reported as a
historical resource.During 2009, Olympus produced a total of 41,316 tonnes of ore grading 5.94 g/t Au from stoping
and underground exploration developments. Although depth considerations effectively preclude
exploratory drilling from surface, it is anticipated that underground drilling and exploratory
headings will generate sufficient data to enable a NI 43-101 compliant estimate to be prepared
at some time in the future. The CRM 1993 resource is not considered to be a current resource
and should not be relied upon pending re-estimation to current NI43-101 standards.(4)
    
    The Phuoc Son resources were first independently reviewed by Watts, Graffis and McOuat
Limited. Copy of their report entitled A Technical Review of the Phuoc Son Gold Project in
Quang Nam Provience, Vietnam, dated January 30, 2004, can be found in the Companys filings
at www.sedar.com. Dak Sa (Bai Dat and Bai Go Sector) resources were estimated by Olympus in
January 2008, in accordance with National Instrument NI 43-101 and the Council of the Canadian
Institute of Mining, Metallurgy and Petroleum definitions & standards. This estimate was
independently reviewed by TCM/SA in a technical report entitled Technical Report on the Phuoc
Son Project in 21




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##### Table of Contents



Quang Nam Province, Vietnam, dated March 2008, copy of which can be found in
the Companys filings at www.sedar.com. Deposit notes and 2009 resource impairments are as
noted below:4.1 Dak Sa South (Bat Dat) DepositDuring 2009 ore was mined from Bai Dat, but no additional (NI43-101 status) resources were
defined. Accordingly, the YE 2009 resource estimate (which includes mining reserves) was
determined by impairing the 2008 resource by 2009 mining depletion (refer above). The 2008
estimate employed lower and upper grade cutoffs of 3.00 g/t Au and 100.00 g/t Au respectively.4.2 Dak Sa North (Bai Go) DepositDuring 2009, no mining was conducted and no additional (NI43-101 status) resources were defined.
The 2009 YE resource estimate (which includes mining reserves) accordingly remains as at YE
2008. The 2008 estimate employed lower and upper grade cutoffs of 3.00 g/t Au and 80.00 g/t Au
respectively.(5)
    
    No Tien Thuan resource is disclosed in 2009 because an estimate (to NI43-101 standard) is yet
to be conducted. A historic (1993) gold resource estimate by the Geological Survey of Vietnam
cannot presently be disclosed because it is neither JORC nor NI43-101 compliant. It is
contemplated that drilling by Olympus during 2010 may enable an NI43-101 standard estimate by
year end 2010.(6)
    
    The 2009 estimate of Bau resources is not disclosed because the estimate to NI43-101 standard
is still in progress. The Bau mineral property was acquired from Zedex Minerals Ltd in
January 2010. At that time, the property was attributed with a resource that had been
estimated to Australian (JORC) standards by consultants to Zedex Minerals Ltd. Olympus is
presently having those resources independently verified and converted to the equivalent
Canadian standards pursuant to NI43-101 and CIMM guidelines by independent consultants Terra
Mining Consultants and Stevens Associates of New Zealand. This work is presently ongoing.
When complete, the new resource estimate will be separately announced and the related
technical report will be included within the company filings on www.sedar.com.(7)
    
    The gold-equivalent value of the Tungsten in the Bong Mieu East Resource was calculated using
Tungsten value of US$200/MTU ($210 in 2008) and gold value of US$1100/oz ($880 in 2008) .
Other metals, such as silver, copper, lead, zinc and fluorine, have not been included in the
2009 estimate because they are of insignificant value or are uneconomic to recover.(8)
    
    The mineral reserve and mineral resource estimates contained in the above table have been
prepared in accordance with the Canadian Securities Administrators National Instrument 43-101
Standards of Disclosure for Mineral Projects (NI 43-101). Although generally the NI 43-101
standards are similar to those used by the United States Securities and Exchange Commissions
(SEC) Industry Guide No. 7, the definitions in NI 43-101 differ in certain respects from
those under Industry Guide No. 7. Accordingly, mineral reserve and mineral resource
information contained herein
may not be comparable to similar information disclosed by U.S. companies. The diluted reserve
estimates were first prepared by Olympus Staff in January 2008 and validated by Terra Mining
Consultants and Stevens and Associates (TMC/SA) in March 2008. These estimates were both
prepared in accordance with National Instrument NI 43-101 and the Council of the Canadian
Institute of Mining, Metallurgy and Petroleum definition standards. The reserve estimates are
based on a 3 g/t Au stope cut-off, practical stope and ore development layout and the
application of appropriate dilution factors.(9)
    
    Commodity prices used over the last three years (in USD) were as follows: Commodity
    
    2007 Price
    
    2008 Price
    
    2009 PriceGold
    
    US$700/oz
    
    US$880/oz
    
    US$1,120/ozTungsten
    
    US$250/MTU
    
    US$210/MTU
    
    US$150/MTU
 
 The 2008 - 2014 gold metal price forecasts used were those of Macquarie Bank (consistent
with near term trailing gold price averages and the January 2008 Reuters poll), as follows: 22




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YEAR
    
    GOLD PRICE (US$)2008
    
    
    9602009
    
    
    10502010
    
    
    10002011
    
    
    9002012
    
    
    8002013
    
    
    7502014
    
    
    7502015
    
    
    750
 
 (10)
    
    The Company currently operates three mines (Bong Mieu Central, Bong Mieu Underground and
Phuoc Son), company ownership of which is 80% at Bong Mieu and 85% at Phuoc Son. The
quantities disclosed relate to the whole mines.Minor differences between estimated reserves and actual production have been accounted for in
the respective reserve tables. There are no material variations to be disclosed.The Phuoc Son processing plant is yet to be constructed. Once steady-state metallurgical
recovery has been achieved, metallurgical recovery factors for this mine will be reported by
year-end average.An independent financial analysis of the Phuoc Son Deposit was conducted in 2008 by Mr John Glen
of Meridian Capital Group Pty Ltd.The metallurgical recovery factor used was 90%, with sensitivity analyses at: +5%, -5% and -10%. 
 4D.1 Phuoc Son Gold Property
   23




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www.sedar.com
   24




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Property Description and Location
      25




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26




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Accessibility, Climate, Local Resources, and Infrastructure
    27




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2
 (c)
    
    Geology
  Kham Duc Formation (Proterozoic):
 Avuong Formation (Paleozoic):
  History of Exploration on the Phuoc Son Gold Property
   
    
    Stage 1 (October 1998  March 1999): reconnaissance surveying of the then 100 square
kilometres license area, identification of the three major mineralized shear structures, and
commencement of detailed exploration over the first of these structures (the Dak Sa shear
zone);
    
    Stage 2 (April 1999  December 1999): continuation of detailed exploration over the
southern end of the Dak Sa shear zone (including mapping/sampling and diamond drilling six
holes at Bai Dat) and follow-up exploration at other sites (particularly at K7) within the
balance of the license area;
 28




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
    
    Stage 3 (January 2000 to June 2000): grid soil sampling in the Dak Sa & K7 shear zones,
rock sampling, geological mapping, pan concentrate survey, diamond drilling of 29 holes at Bai
Dat, Bai Cu, Bai Chuoi and Bai Go, within the Dak Sa shear zone;
    
    Stage 4 (July 2000 to December 2000): detailed geological mapping, nine square kilometres
soil survey north of Bai Go, rock geochemistry, petrology and diamond drilling of 17 holes at
Bai Dat, Bai Cu, Bai Chuoi and Bai Go;
    
    Stage 5 (January 2001December, 2001): continuation of drilling with 31 additional holes
at the Bai Go, Bai Gio and Bo prospects, as well as geological mapping, rock and soil
geochemistry, pitting, surface and underground channel sampling, petrology, and gridding at
other prospects including K7, Hoa Son, Tra Lon, Suoi Cay, Vang Nhe, Khe Rin, Khe Do and Khe
Cop;
    
    Stage 6 (January 2002 to December, 2002): scout drilling at the Khe Rin, North Khe Do, Khe
Do, Bai Buom, Tra Long and K7 prospects (32 drillholes), as well as pitting at Nui Vang,
geological mapping/sampling, soil geochemistry, ground magnetometer surveying at Khe
Rin-Khe Do and Bai Buom, reconnaissance mapping elsewhere, including Vang Nhe, Tra Long, K7 and
Hoa Son; commencement of mine scoping studies at Dak Sa; and
    
    Stage 7 (January 2003 to December 31, 2003): in-fill, step-out and geotechnical diamond
drilling at Bai Dat, Bai Go, Bai Chuoi and Bai Cu (27 holes); preparation of mineral resource
estimates for the Bai Dat and Bai Go deposits; continuation of the scoping studies. A diamond
drilling program was completed at Bai Chuoi sector (between the Bai Dat and Bai Go deposits)
and soil geochemical surveys were being conducted elsewhere on the property.
  2004 Work
  2005 Work
  29




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2006 Work
  2007 Work
 www.sedar.com
  2008 Work
   30




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2009 Work
    Mineral Occurrences
  South Deposit (Bai Dat)
   North Deposit (Bai Go)
  Other Phuoc Son Property Showings
  (f)
    
    Resource Estimates
  31




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4D.2 Bong Mieu Gold Property
 .
       32




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,
   Property Description and Location
   .
  33




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34




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35




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Figure 4: Ho Gan Mining Map
 (b) Accessibility, Climate, Local Resources, and Infrastructure
    36




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(c) Geology
  Bong Mieu Central (Ho Gan Deposit)
  Bong Mieu East (Ho Ray Deposit & Thac Trang)
  Nui Kem
   (e)
    
    History of Exploration on Bong Mieu Gold Property
     2004 Work
 Bong Mieu Central (Ho Gan Deposit)
  37




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Bong Mieu East (Ho Ray Deposit & Thac Trang)
   2005 Work
 Bong Mieu Central (Ho Gan Deposit)
  Bong Mieu Central
  Bong Mieu East - Ho Ray Deposit, Thac Trang and Rung De Prospects
  Nui Kem
   2006 Work
    2007 Work
 38




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www.sedar.com
  2008 Work
       2009 Work
      39




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(f)
    
    Main mineral occurrences
  Ho Gan (Bong Mieu Central)
   Ho Ray and Thac Trang (Bong Mieu East)
   Nui Kem (Bong Mieu Underground)
   (g)
    
    Resource and Reserve Estimates
  
 4D.3 Capcapo Property, The Philippines
   40




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th
  Property Description and Location
  41




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Figure 1
 
 Figure 2
 
 42




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(b) Accessibility, Climate, Local Resources, and Infrastructure
    (c) Geology and Main Mineral Occurrences
  (d) History of Exploration on Capcapo Gold Property
   (e)
    
    Resource and Reserve Estimates
  
 4D.4 Bau Gold Project, East Malaysia
 2
 43




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Property Description and Location
  
   44




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(c) Geology
  Intrusive porphyry-gold and adjacent skarn deposits
 Sediment hosted gold deposits (Carlin Style):
 Tectonic breccia hosted gold deposits:
 Epithermal quartz-carbonate vein deposits:
  2
  45




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Main Mineral Occurrences
  (g) Resource and Reserve Estimates
   
 4D.5 Tien Thuan Gold Project, Central Vietnam
  Property Description and Location
 2
  46




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(b) Accessibility, Climate, Local Resources, and Infrastructure
  o o o o
 2 0 o
 47




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o o
 2 2
          48




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rd
     Main Mineral Occurrences
  Nui Bac Ma
  Thanh Hoa
  Vinh Binh
  Suoi Ha
  49




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##### Table of Contents



Hon Lap
  Other Areas
  Resource and Reserve Estimates
   
 4D.6 GR Enmore Gold Project, New South Wales, Australia
 2 2 2 .
  Property Description and Location
 2
 50




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(b) Accessibility, Climate, Local Resources, and Infrastructure
     51




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History of Exploration on Enmore Gold Project Property
  Resource and Reserve Estimates
  52




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PART II
 
 ITEM 15: CONTROLS AND PROCEDURES
 15.T.1 (a)  Disclosure Controls and Procedures of the Companys Chief Executive Officer
  Managements Annual Report on Internal Control Over Financial Reporting
       53




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Description and impact of material weakness
    Remediation Plan
   Changes in Internal Control over Financial Reporting
 Description and Impact of Material
Weakness Remediation Plan
 54




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19. Exhibits
 
 
 1.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 1. Articles of
Incorporation and By Laws1.1.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 1.1 Certificates
of Status, Amendment, Continuance1.2.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 1.2 Bylaws as
currently in effect.2.
    
    Instruments defining the rights of holders of equity  refer to exhibit 1 under 19B.3.
    
    Material Contracts
 55




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3.1.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.1 
Mining Permit  dated July 22, 19923.2.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.2 
Right to Use Land Certificate  dated October 9, 19933.3.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.3 
Investment License  No: 140 / GP, dated March 5, 1991 and Amendments3.4.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.4  Debt
Finance Facility Agreement  dated February 8, 20063.5.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.5 
Mining License No 116/GP BTNMT  dated January 23, 20063.6.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.7 
Investment License No. 2355/GP  dated October 20, 20033.7.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.8 
Joint Venture Agreement  dated March 5, 2003.3.8.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.9 
Agreement for Fulfilment of Contract, dated September 16, 2006 and cancellation of
agreement on November 27, 2006.3.9.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.9 
Memorandum of Agreement and Supplement  November 24, 20063.10.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.9 
Stock Option Plan  September 12, 20033.11.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.13 
Management service agreement with Momentum Resources International Pty Ltd.  dated July
16, 2005 and amendment dated January 28, 2008.3.12.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.17 
Argor Heraeus Refining Contract  dated January 11, 20053.13.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.18 
Dragon Equity and Debt Financing dated December 17, 20043.14.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.19 
Assignment Agreement among Ivanhoe Mines Ltd., Zedex Minerals Limited, and Olympus Pacific
Minerals, Inc. dated January 1, 20063.15.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.20 
Certificate of Incorporation and Articles of Incorporation of Kadabra Mining Corp  May,
2007.3.16.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.22 
Share Placement Documents dated March 19, 20073.17.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.23 
Shareholders Rights Plan  dated June 25, 20073.18.
    
    Stock Option Plan  dated June 7, 2007. Reference is made to the Amended Annual
Report on Form 20-F for the year ended December 31, 2008, dated February 3, 2010.3.19.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.25 
Code of Ethics  September 19, 2006
 56




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3.20.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.27 
Framework of Laos and Cambodia Joint Venture Agreement, July 17, 2007.3.21.
    
    Reference is made to the 2007 20F Annual Report dated March 28, 2008 exhibit 3.28 
Exploration License dated January 10, 20083.22.
    
    Reference is made to the Amended Registration Statement of Form 20-F-A dated June 29,
2007, submitted to the Securities and Exchange Commission on June 29, 2007 for exhibits
19B.1  19B.3.24.3.23.
    
    Reference is made to the Amended Registration Statement of Form 20-F-A dated July 13,
2007 for exhibit 19B3.25 and November 13, 2007 for exhibits 19B.3.26 and 19B.3.27.3.24.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.24
Management Service Agreement with Huong Le-Dao dated September 1, 2008.3.25.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.25
Employment Agreement with Thomas Rodney Pervical Jones dated January 1, 2008.3.26.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.26
Management service agreement with Orangue Holdings Limited, dated January 1, 2008 to
provide the services of David Seton.3.27.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.27
Management service agreement with Action Management Limited, dated January 1, 2008, to
provide the services of Charles Barclay.3.28.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.28
Management Service Agreement with Wholesale Products Limited, dated January 1, 2008, to
provide the services of Peter Tiedemann.3.29.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.29
Management Service Agreement with Cawdor Holdings Limited, dated January 1, 2008, to
provide the services of Russell Graham.3.30.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.30 Management Service Agreement with Avora Limited as Trustee of Lloyd Beaumont Trust,
dated January 1, 2010, to provide the services of Paul Seton.3.31.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.31 Management Service Agreement with Whakapai Consulting Limited, dated January 1, 2010,
to provide the services of S. Jane Bell3.32.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.30
Employment Agreement with James Hamilton dated January 1, 2008.3.33.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.31 Bong
Mieu Exploration Licence No 2125/GP-BTNMT3.34.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.32 Gold
Export Certificates  dated December 31, 20083.35.
    
    Reference is made to the 2008 20F Annual Report dated March 31,2009 exhibit 3.33
Addendum 3 to the Refining Contract of November 1st 2005 dated December 10, 2008
between Argor-Hearaeus SA and Bong Mieu Gold Mining Company.3.36.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.36 Gold Export Certificates  dated December 31, 20093.37.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.37
Convertible Loan Note Agreement and attachment dated March 26, 20103.38.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.38
Gold Loan Note Agreement dated June 19, 2010
 57




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3.39.
    
    Zedex Amalgamation Document  reference is made to Form CB filed with the SEC on
November 19, 2009.3.40.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.40
Bau Joint Venture Agreement dated November 2006 and Schedules to Joint Venture Agreement3.41.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.41
Foreign Investment Committee Approval of Bau Joint Venture dated November 9, 20073.42.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 3.42
Tien Thuan Joint Venture Agreement  dated November 1, 2006
 4.
  a.
    
    Formwell Holdings Ltd.  incorporated in British Virgin Islands;b.
    
    Bong Mieu Holdings Ltd.  incorporated in Thailand;c.
    
    Bong Mieu Gold Mining Company Limited  incorporated in Vietnam (80%
owned by Bong Mieu Holdings Ltd.;d.
    
    Olympus Pacific Vietnam Ltd.  incorporated in British Virgin Islands;e.
    
    New Vietnam Mining Corporation (NVMC)  incorporated in British Virgin
Islands;f.
    
    Phuoc Sun Gold Company Limited  incorporated in Vietnam (85% owned by
New Vietnam Mining Corporation (NVMC);g.
    
    Olympus Pacific Thailand Ltd.  incorporated in British Virgin
Islands;h.
    
    Kadabra Mining Corp.  incorporated in Philippines;i.
    
    Olympus Pacific Minerals Inc Vietnam Ltd.  incorporated in Vietnam;j.
    
    Olympus Pacific Minerals NZ Ltd.  incorporated in New Zealand;k.
    
    Parnell Cracroft Ltd  incorporated in British Virgin Islands;l.
    
    GR Enmore Pty Ltd.  incorporated in Australia (acquired as a result
of the Zedex transaction which completed on January 12, 2010);m.
    
    Binh Dinh NZ Gold Company Ltd.  incorporated in Vietnam (acquired as
a result of the Zedex transaction which completed on January 12, 2010);n.
    
    North Borneo Gold Sdn Bhd  incorporated in Malaysia (acquired as a
result of the Zedex transaction which completed on January 12, 2010);o.
    
    Bau Mining Co Ltd  incorporate in Samoa (acquired as a result of the
Zedex transaction which completed on January 12, 2010);p.
    
    KS Mining Ltd  incorporated in Samoa (acquired as a result of the
Zedex transaction which completed on January 12, 2010)
  5.1.
    
    Reference is made to the 2009 20F Annual Report dated July
15, 2010 exhibit 5.1
Consent of Terra Mining Consultants and Stevens & Associates
  12.1
    
    Certification of Chief Executive Officer12.2
    
    Certification of Chief Financial Officer
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13.1
    
    Certification of Chief Executive Officer13.2
    
    Certification of Chief Financial Officer
 59




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SIGNATURES
  Olympus Pacific Minerals Inc.By:
    /s/ John SetonJohn SetonChief Financial Officer  60