Thursday, November 24, 2005

PVMCF Pine Valley Amends Rockside Repayment Terms

Pine Valley Amends Rockside Repayment Terms

Penny Stocks Pine Valley Mining Corporation (TSX VENTURE:PVM)(OTCBB:PVMCF message board) (the 'Company' or 'Pine Valley') is pleased to announce that it has negotiated an extension of the due date for repayment of the debt financing provided to the Company by The Rockside Foundation from February 6, 2006 to June 30, 2006 (the 'extension period'). The Company currently has US$8.85 million due under this facility. During the extension period interest is to be paid at a rate of 12% per annum.

Pine Valley Mining Corporation
Sam Yik
Vice President Corporate Development & Commercial Operations
(604) 682-4678
OR
Pine Valley Mining Corporation
Martin Rip
Vice President Finance and CFO
(604) 682-4678
pinevalley@pinevalleycoal.com
www.pinevalleycoal.com
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