NATIONAL INSTRUMENT 51-102
MATERIAL CHANGE REPORT UNDER SECTION 7.1 OF NI 51-102
FILED VIA SEDAR
Olympus Pacific Minerals Inc.
Suite 500 - 10 King Street East
Toronto, Ontario M5C 1C3
On June 21, 2010, a news release in respect of the material change was released by
telecopier through the facilities of Marketwire.
The material change is fully described in the Company's press release which is attached
as Schedule "A" and is incorporated herein.
No information has been omitted.
David A. Seton
Chairman and Chief Executive Officer
Telephone: (416) 572-2525
June 24, 2010.
Name and Address of Company
Date of Material Change
A material change took place on June 21, 2010.
Summary of Material Change
Full Description of Material Change
A full description of the material change is contained under Item 4.
Reliance on Section 7.1(2) or (3) of National Instrument 51-102
The report is not being filed in reliance on section 7.1(2) or (3) of National Instrument
Date of Report
OLYMPUS ANNOUNCES CLOSING OF US$ 21.96 MILLION
PRIVATE PLACEMENT OF GOLD DELIVERY NOTES
Toronto, June 21, 2010 – Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX: OYM, ASX:
OYM, OTCBB: OLYMF, and Frankfurt: OP6) announced today that it has consummated a private placement
of Gold Delivery Note Units resulting in gross proceeds of US$21,960,000. Euro Pacific Capital Inc. (“Euro
Pacific”) acted as the sole placement agent for the offering and Auramet Trading, LLC has been appointed to act
as the gold agent for the term of the Gold Delivery Notes included in the Gold Delivery Units.
Each Gold Delivery Unit consists of: (i) an eight percent (8%) senior secured redeemable gold delivery