SOURCE: Pinnacle Resources, Inc.

July 11, 2007 09:30 ET

CFO of Pinnacle Resources (PNRR-PK), Dutch Hildebrand, Will Be Appearing Live on, on July 11th, 2007 @ 12 PM EDT

ENGLEWOOD, CO--(Marketwire - July 11, 2007) -

About Pinnacle Resources ( (PINKSHEETS: PNRR)

Pinnacle Resources is a natural resources company that seeks to exploit indicated -- previously discovered but undeveloped -- mineral resources through innovative technology.

In South Africa the Company has developed a patented mining technology designed to recover diamonds known to be present in gravels deposited in shallow marine environments that have not been accessible to conventional mining methods.

Also in South Africa, the Company holds mining rights on a magnetite deposit that contains commercial quantities of vanadium, a specialty metal used in the manufacture of high-strength steel.

Mr. Hildebrand will discuss Pinnacle's plan to immediately start mining diamonds from shallow waters off the coast of South Africa and its plans to expand into Namibia. He will explain how the sale of its vanadium property has made it possible for Pinnacle to finance its entry into the diamond mining industry and to expand its diamond mining operations and to look at other mining opportunities both in Africa and the US.


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Safe Harbor Statement:

This news release includes forward-looking statements regarding, among other things, the Company's business, financial plans, strategies and prospects. Although the Company believes that its plans and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, should, planned, will, may, intend, estimated, and potential.

Contact Information

  • Contact:
    Pinnacle Resources:
    Dutch Hildebrand
    CFO, Chief Engineer

    Metro Cast:
    Gary Smolen

    Market News First
    Angela Junell