PINNACLE RECEIVES PAYMENT FROM YUNNAN GEOLOGY
Vancouver, BC Further to the Company’s news release dated November 28, 2006, the Company is pleased to announce that it has received 7,000,000 RMB (in excess of Canadian CDN$1 million) from Yunnan Geology and Mineral Resources Co., Ltd. in exchange for the Company’s 25% interest in the Yang Wen Chong property.
Pinnacle continues to actively evaluate mineral exploration and mining opportunities in China for potential investment or joint venture. In August 2005, the Company entered into a cooperation agreement with China’s largest gold miner, Zijin Mining Group Co., Ltd., pursuant to which both companies agreed to evaluate suitable projects for joint venture between the companies. Zijin is also a major shareholder of Pinnacle controlling approximately 15% of the Company’s shares. While certain projects are currently under evaluation, Pinnacle makes no representations that any particular project will be successfully acquired. Any planned acquisition will be subject to all necessary regulatory and corporate approvals.
For further information contact Andrew Bowering, President or John Van Duzen at 604-688-7377 or visit Pinnacle’s website at www.pinnaclemines.com .
On behalf of the Board of Directors
“Andrew W. Bowering”
President and CEO