PINNACLE ISSUES STOCK OPTIONS
Vancouver, B.C., September 22, 2009; Pinnacle Mines Ltd. (TSX-V: PNL, “Pinnacle” or the “Company”) announces that it will issue 550,000 consultant stock options at an exercise price of $0.15 per share. The options will have two year term and expire on September 21, 2011 or 90 days after the optionee ceases to be employed or involved in their capacity with the Company, whichever occurs first. 50,000 of these options will be issued to a consultant performing investor relation activities for the Company. These options will have two year term and expire on September 21, 2011 or 30 days after the optionee ceases to be involved in their capacity with the Company, whichever occurs first. As well, these options will vest over a 12 month period with one-quarter of the allotment being available for exercise every 3 months. All of the aforementioned options, if exercised prior to January 22, 2010, will be subject to a hold period in accordance with regulatory requirements.
For further information on Pinnacle or this news release contact Lawrence Dick at 604.688.9588 or visit Pinnacle’s website at www.pinnaclemines.com.
On Behalf of the Board:
Lawrence A. Dick, Ph.D., P.Geo
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release