Pinnacle Appoints New President and CEO

VANCOUVER, July 17 /CNW/ - Pinnacle Mines Ltd. (TSX-V: PNL, "Pinnacle" or the "Company") is pleased to announce that Lawrence Dick, Ph.D., P.Geo., has been appointed as President and CEO of the Company while retaining his position as a director of the Company. The appointment of Dr. Dick follows the resignation of Mr. Paul Saxton as President and CEO of the Company effective July 15, 2009. Mr. Saxton has agreed to remain as a director of the Company. Mr. Saxton has left the Company to focus on other endeavors. The Board of Directors of Pinnacle thanks Mr. Saxton for his years of service for the Company and wish him well in his future business endeavors.

Dr. Lawrence A. Dick, P.Geo., President, CEO & Director

Lawrence received a B.Sc. in geological sciences from U.B.C. in 1973 and a M.Sc. and Ph.D. in economic geology from Queen's University in 1979. During the following 30 years, Dr. Dick has been involved in the search for base and precious metals deposits world-wide. Lawrence spent over 20 years exploring for copper and gold throughout South America and was credited with major finds at Collahuasi (Chile); Can Can (Chile); Golden Bear (B.C.); major silver finds in Bolivia; the San Jose silver deposit in Mexico; amongst others.

After a 17 year stint with Chevron Minerals Ltd., where he was Director of Exploration in Latin America, Lawrence consulted for SRK and his own consultancy before co-founding General Minerals Corporation (now Sprott Resource Corporation) and then co-founding and acting as President and CEO of Evolving Gold Corporation. He left Evolving Gold recently to take on the challenging position of Chief Geologist and Manager of the Resource Group for Baron Global Financial Canada Ltd., a Hong Kong based merchant bank dedicated to the identification, acquisition, exploration, and marketing of mining projects worldwide. Lawrence serves on a number of Boards, including Timmins Gold Corp., Scarlet Resources, Continent Resources and is President of Confederation Resources Ltd.

The Company's Board of Directors consists of: Paul Saxton, Lawrence Dick, Herrick Lau, David Eaton, Thomas Wan, Ringo Hui and Robert Wolfe.

About Pinnacle

Pinnacle Mines Ltd. is a Canadian based minerals exploration company with assets in Canada and Mexico. In Canada, Pinnacle holds the Silver Coin gold prospect as its major asset and is developing and increasing the value of the Silver Coin gold resource through continued drilling, exploration, and on-going scoping studies. Silver Coin is located in an emerging major metals district that includes the historic Silbak-Premier gold mine and Barrick Gold's famed Eskay Creek Mine.

"Herrick Lau"
Director & CFO


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