OLYMPUS PACIFIC MINERALS INC.
INTERIM MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2010
S UITE 500 – 10 K ING S TREET E AST T ORONTO , O NTARIO C ANADA , M5C 1C3
Olympus Pacific Minerals Inc.
Interim Management Discussion and Analysis (“MD&A”)
For the six months ended June 30, 2010,
dated as at August 12, 2010.
The following Interim Management Discussion and Analysis, which has been prepared for the six months ended
June 30, 2010, of the financial results of Olympus Pacific Minerals Inc. (the “Company” or “Olympus”)
operations for the six month period ended June 30, 2010 should be read in conjunction with the unaudited interim
consolidated financial statements and related notes that follow, prepared in accordance with Canadian generally
accepted accounting principles (“GAAP”). This discussion covers the six month period ended June 30, 2010.
and the subsequent period to August 12, 2010. This MD&A should be read in conjunction with the annual
MD&A and annual audited consolidated financial statements and the notes for the three years ended December
31, 2009 and the related MD&A included in the Company’s annual report. Any reference to the financial
statement notes within this MD&A is incorporated by reference number. Other pertinent information on the
Company is available on SEDAR at www.sedar.com and at www.edgar.com as well as on the Company’s web
site at www.olympuspacific.com Olympus is listed on the Toronto Stock Exchange under the symbol OYM, on
the Australian Securities Exchange under the symbol OYM and on the over-the-counter bulletin board in the
United States under the symbol OLYMF. For the purpose of preparing our MD&A, the Company considers the
materiality of information. Information is considered material if: (i) such information results in, or would reasonably
be expected to result in, a significant change in the market price or valu