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	June 16, 2000 Pacific Rim Completes $7.3 Million Financing
	PFG News Release #00-09 TSE: PFG, SEC FILE: 029704 June 16, 2000 NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES PACIFIC RIM MINING CORP. COMPLETES $7.3 MILLION FINANCING Pacific Rim Mining Corp. is pleased to announce that it has closed its previously announced brokered private placement, selling a total of 1,707,530 Special Warrants for total gross proceeds of Cdn.$7.3 million. Of the total sold, 1,345,080 Special Warrants were purchased at $4.25 each, primarily by institutional investors, and an aggregate 362,450 Special Warrants were purchased at $4.45 each by four insiders of the Company. Each Special Warrant is exerciseable without further payment into a unit consisting of one common share of the Company and one half non-transferable share purchase warrant. One full warrant is exerciseable to purchase an additional common share at $5.00 for one year from closing. The Special Warrants will be automatically exercised immediately following the effective date of a final prospectus qualifying the distribution of units in the applicable Canadian jurisdictions. Pacific Rim has agreed to file, and use its best efforts to obtain receipts for, such a prospectus on or before October 13, 2000. Should the receipts not be received on or before this date, the Company will be required to issue 1.1 units upon conversion of each Special Warrant, except for those held by directors. Fifty percent of the gross proceeds from the private placement, less Agents cash commission of 7%, has been forwarded to the Company, and the remaining fifty percent ($3,664,746.25) will be held in escrow for release to the Company when prospectus receipts are obtained. The Agents have been granted an option for 119,527 non-transferable share purchase warrants, each warrant exercisable for one year to acquire up to 119,527 shares at $4.45 each. Proceeds from this financing will be used in exploration of the Company's world class Luicho project, where a 20,000 meter reverse circulation drill program will be commenced shortly, and for working capital. On behalf of the board of directors, Catherine McLeod-Seltzer President The Special Warrants have not and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold in the United States unless registered under the 1933 Act and the securities laws of all applicable states of the United States or an exemption from such registration requirements is available. This news release contains forward-looking statements regarding successful completion of this financing. Actual results may differ materially from those currently anticipated in such statements. The TSE has neither reviewed nor accepts responsibility for the adequacy or accuracy of this release.

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