Pine Valley Mining Corporation

Pine Valley Mining Corporation

March 18, 2005 17:09 ET

Pine Valley Mining Corporation: Samuel Yik Appointed Vice-President, Corporate Development and Commercial Operations


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PINE VALLEY MINING CORPORATION

TSX VENTURE SYMBOL: PVM
OTC Bulletin Board SYMBOL: PVMCF

MARCH 18, 2005 - 17:09 ET

Pine Valley Mining Corporation: Samuel Yik Appointed
Vice-President, Corporate Development and Commercial
Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 18, 2005) - Pine
Valley Mining Corporation (TSX VENTURE:PVM)(OTCBB:PVMCF) (the "Company"
or "Pine Valley") is pleased to announce the appointment of Samuel K.C.
Yik, CA, as Vice-President, Corporate Development and Commercial
Operations of the Company effective March 16, 2005. Mr. Yik is a
Chartered Accountant with over fifteen years of business experience, and
he joins the Company after more than ten years with Methanex Corporation
where he held various management positions in areas of finance,
logistics, operations, and marketing. Before Methanex, Sam worked in
corporate banking with the TD Bank, and served in the Assurance Services
Group at the Vancouver office of KPMG. In addition to a CA designation,
he also holds a commerce degree from the University of British Columbia.
Sam brings broad experience in both finance and operations to Pine
Valley.

Effective March 17, 2005, the Company has granted, under its Share
Option Plan, incentive stock options to an officer and employee to
purchase up to 300,000 Common shares in the capital of the Company
exercisable for a period of five years ending on March 17, 2010 at a
price of $5.31 per share. The options will vest as to 37,500 Common
shares on June 16, 2005 and 37,500 Common shares every three months
thereafter until fully vested.

This news release contains certain "forward looking statements", as
defined in the United States Private Securities Litigation Reform Act of
1995, that involve a number of risks and uncertainties including but not
limited to economic, competitive, governmental and geological factors
effecting the Company's operations, markets, products and prices and
other risk factors. There can be no assurances that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Factors that could
cause future results to differ materially from those anticipated in
these forward-looking statements include the Company's dependence on the
steel industry, volatility in coal prices, accidents and other risks
associated with mining operations, the Company's need for and
availability of additional financing, the restrictions imposed under the
Company's existing debt arrangements and its debt service requirements
and the other risk factors discussed in greater detail in the Company's
various filings with the Securities and Exchange Commission and Canadian
securities regulators, including the Company's Form 20-F dated September
30, 2004.

PINE VALLEY MINING CORPORATION

Graham Mackenzie, President and Chief Executive Officer

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Pine Valley Mining Corporation
    Graham Mackenzie
    President & CEO
    (604) 682-4678
    gmackenzie@pinevalleycoal.com
    or
    Pine Valley Mining Corporation
    Mark Fields
    Executive Vice President
    (604) 682-4678
    mfields@pinevalleycoal.com
    www.pinevalleycoal.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.