Pine Valley Mining Corporation
OTC Bulletin Board : PVMCF
TSX : PVM

Pine Valley Mining Corporation

March 21, 2006 19:36 ET

Pine Valley Mining Corporation: Grant of Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2006) - Pine Valley Mining Corporation (TSX:PVM)(OTCBB:PVMCF) (the "Company") announces that effective March 21, 2006, the Company has granted, under its Share Option Plan, incentive stock options to directors, officers and employees to purchase up to 2,170,000 common shares in the capital of the Company. The options are exercisable at a price of $1.74 per share for a period of five years ending on March 21, 2011.

PINE VALLEY MINING CORPORATION

Graham Mackenzie, President and Chief Executive Officer


The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

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