PayChest, Inc. (PINKSHEETS: PYCT) todayannounced that it is now ready to pay its shareholders 1 share of WesternPacific Minerals (a Vancouver BC company) for every share of PayChest heldon the record date of June 19, 2006. The ground work has now been laid forthe dividend to be paid. The next step is for NASDAQ to set an X-dividenddate so the public will known when the cut off date is to buy PYCT sharesand still be entitled to the dividend. PayChest anticipates that theX-dividend date will be set approximately June 17, 2006.

Western Pacific is the beneficial owner of 50 silver mining claims in anarea of Canada that historically has been rich in silver deposits.

Alejandro Cerda, CEO of PayChest, stated, "The reason for paying thedividend was the result of a decision to focus PayChest on its new businessmodel and divest our interests of unrelated investments. This new focusgives us an opportunity to reward our shareholders with a dividend in asilver mining company at a time when silver has become more economicallyfeasible to mine and highly profitable."

PayChest also confirms today that the programming for the upgrading of thecompany's Internet Payment System is on schedule and is now 95% complete.

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Negotiations are still ongoing with a number of new potential gatewaypartners, which will enable PayChest members to fund their transfers andonline purchases using credit cards.

The company also plans to launch its own PayChest ATM card which can befunded from a PayChest members account online.

This will enable PayChest members to withdraw funds from any of the onemillion ATMs in 160 countries around the globe. PayChest, Inc. continues toeye the payment gateway markets not being serviced by PayPal around theworld, including the Philippines. According to some reports, the governmentof the Philippines said its economy grew at the fastest pace in more thaneight years because workers overseas sent home more money than ever --$10.8 billion. PayChest is uniquely positioned to capture this marketsegment along with the raging Asian markets like China and the emergingCentral and South American economies.

About PayChest, Inc.

Founded in 2005, PayChest has developed a proprietary and secure back endpayment processing system that can easily be accessed and utilized byanyone with web access and an e-mail address in any country around theworld. PayChest has developed a processing system that leverages theexisting financial infrastructure of the global banking community and/orcredit card companies to enable consumers and business owners located inevery corner of the world to securely send, receive and/or process paymentswith others via the company's Web site. The company's payment processingsystem operates in real time and incorporates a user interface that isdesigned to be convenient for any user and does not require any technicalknow-how to send and receive payments. For more information please contactAlejandro Cerda CEO, +(5255) 5673.2364, Gavillero 32, Residencial VillaCoapa, 14390, Mexico D.F., Mexico, www.paychest.com.

This release contains forward-looking statements within the meaning of theSecurities Litigation Reform Act. The statements reflect the company'scurrent views with respect to future events that involve risks anduncertainties including uncertainties related to successful negotiationswith other parties, closing of transactions, capital availability,operational and other risks, uncertainties and factors described from timeto time in the company's publicly available reports. In light of theserisks and uncertainties, the forward-looking events described in thisrelease might not occur.

For more information please contact:Alejandro CerdaCEO+(5255) 5673.2364http://www.paychest.com

SOURCE: PayChest, Inc.

Source: marketwire