BRADFORD COOKE APPOINTED TO THE BOARD OF DIRECTORS
Vancouver, BC - Pinnacle Mines Ltd. is pleased to announce that Mr. Bradford Cooke has been appointed to the Board of Directors of the Company. Mr. Cooke is a professional geologist with more than 28 years experience in geology and mineral exploration. He holds B.Sc. and M.Sc. degrees in geology and has worked with the Ontario Department of Mines, Noranda, Shell and Chevron. Between 1983 and 1987, he owned and operated Cooke Geological Consultants, which found and developed several gold vein deposits for clients, and effectively reactivated interest in the Bralorne gold district in British Columbia. In 1987, he founded Canarc Resource Corp. and has overseen the growth of the company since that time, participating hands-on in the acquisition and exploration of strategic gold properties throughout the Americas.
Canarc Resource Corp. first made headlines by acquiring all the surrounding property to the major Eskay Creek discovery in Northern BC in 1988. The GNC property immediately adjoins the high grade Eskay Creek mine of Barrick Gold. The property is joint ventured with Barrick (66 2/3%) and covers the favourable Eskay Creek ore horizon along strike and at depth. Barrick continues to explore the property systematically for Eskay Creek-type ore bodies that tend to be small but extremely high grade.
In the early 1990’s, Canarc Resource Corp. acquired a 100 percent interest in the New Polaris gold property in northwestern British Columbia. A small high grade, underground past producing mine, New Polaris has become one of the more significant gold deposits in Western Canada as a result of Canarc's successful exploration programs. The geological resource estimate is currently 1.3 million oz. (not N.I. 43-101 compliant). More recently, Mr. Cooke and Canarc founded in a new silver mining affiliate, Endeavour Silver Corp. Endeavour is on track to triple silver production from their Santa Cruz mine in Durango, Mexico to 1.2 million ounces silver in 2005, growing to 3.5 million ounces per year by the end of 2006.
Pinnacle Mines considers the appointment of Mr. Cooke as a valuable addition to the Company’s board. He brings to Pinnacle his broad experience and contacts throughout the mineral and financial industries, as well as his hands-on knowledge of exploration in Northern British Columbia, including government permitting issues.
The Company also reports, subject to regulatory approval, the granting of incentive stock options in respect of a total of 470,000 common shares to directors and officers of the company at a price of $0.75 per common share and exercisable for a five year period. The options were granted pursuant to a stock option plan approved by shareholders at the Company’s Annual General Meeting on June 30, 2004.
Pinnacle Mines Ltd. is a Canadian based mineral exploration and development company whose activities are international in scope. Its primary assets are located in both Canada and China. In Canada, Pinnacle holds several properties in Northwestern British Columbia, in proximity to numerous past and producing mines including the Silbak-Premier Mine and Barrick Gold’s famed Eskay Creek Mine. In China, Pinnacle’s current focus is in Southeast Yunnan, an area being increasingly considered for its potential to host significant mineral resources including “Carlin” style gold deposits.
On behalf of the Board of Directors
“Andrew W. Bowering”
President and CEO
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