Company Announces Non-Brokered Private Placement to Raise Funds

it is arranging a non-brokered private placement to raise gross proceeds of up to $600,000 . The placement will consist of up to 20,000,000 units with each Unit comprising one common share in the capital of the Company and one-half share purchase warrant , whereby each whole Warrant shall be convertible into an additional Share at an exercise price of $0.05 for a period of 24 months from the date of issuance.

The net proceeds raised from the Offering will be used for the preparation of summer drilling at the Argosy Gold Mine and North Birch Project, new project evaluations and general working capital. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long term, sustainable value for shareholders.

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