Pinnacle Increases Non-Brokered Private Placement

Group 1 - Pinnacle Silver and Gold Corp. is increasing its non-brokered private placement to raise gross proceeds of up to $1,650,000 due to strong investor demand [1] - The Offering will consist of up to 27,500,000 units priced at $0.06 each, with each unit comprising one common share and one-half share purchase warrant [1] - The whole warrant is convertible into an additional share at an exercise price of $0.10 for a period of 24 months from the date of issuance [1] Group 2 - The net proceeds from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital [2] - All securities issued will be subject to a four-month hold period and require TSX Venture Exchange approval [3] - The securities offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [3] Group 3 - Pinnacle is focused on district-scale exploration for precious metals in the Americas, particularly the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt [4] - The company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project in the Red Lake District of northwestern Ontario [4] - Pinnacle is committed to building long-term, sustainable value for shareholders with a seasoned management team and quality projects [4]