Pacific Rim Mining and OceanaGold are pleased to announce that the non-brokered private placement financing announced on September 25, 2012 (NR # 12-08) closed as scheduled on October 3, 2012. As anticipated, OceanaGold purchased 42,150,000 common shares of Pacific Rim at CAD $0.10 per share, for total proceeds of CAD $4,215,000.