Pine Valley Mining Corporation
OTC Bulletin Board : PVMCF

Pine Valley Mining Corporation

May 07, 2009 12:50 ET

Pine Valley Announces Cease Trade Orders and Delisting From the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2009) - Pine Valley Mining Corporation (OTCBB:PVMCF) (the "Company" or "Pine Valley") reports that, further to its October 22, 2008 news release, the Toronto Stock Exchange has delisted the Company's shares and the securities commissions in each of British Columbia and Ontario have issued cease trade orders prohibiting trading in the Company's shares. The full text of the cease trade orders may be found by following the links to the Company Cease Trade Order Database on the Canadian Securities Administrators website at www.securities-administrators.ca.

The delisting and issuance of the cease trade orders follows the release of Pine Valley and its wholly-owned subsidiary, Globaltex Gold Mining Corporation, from protection under the Companies' Creditors Arrangement Act (Canada), which occurred on November 24, 2008 upon the issuance and filing with the Supreme Court of British Columbia by Ernst & Young Inc., monitor in the CCAA proceedings, of a certificate of completion under the definitive plan of compromise and arrangement.

PINE VALLEY MINING CORPORATION

Mark Smith, President and Chief Executive Officer

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