Pebble Creek announces initial closing of Private Placement


    TSX-V: PEB

    VANCOUVER, Aug. 31 /CNW/ - Pebble Creek Mining Ltd. (the "Company")
announces that it has closed an initial portion of the previously announced
non-brokered private placement (the "Private Placement") by issuing a total of
1,415,045 units ("Units") at a price of $0.07 per Unit for gross proceeds of
    Each Unit consists of one common share of the Company and one common
share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof
to purchase one common share of the Company at a price of $0.15 for a two-year
term expiring on August 28, 2011.
    The common shares and Warrants comprising the Units issued pursuant to
the closing, and the common shares underlying these Warrants, are subject to a
hold period which expires on December 29, 2009.
    The net proceeds from the closing will be used for exploration and
development of the Company's projects and for working capital.
    The Private Placement is subject to the TSX Venture Exchange's approval.

    The securities described herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended ("1933 Act") or any state
securities laws, and may not be offered or sold in the United States unless
registered under the 1933 Act or unless an exemption from registration is

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00023083E

For further information:

For further information: Andrew Nevin, President & CEO, Telephone: (604)
696-6101; Mike Romanik, Investor Relations, Verenex Capital Corp., Telephone:
(204) 724-0613

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Pebble Creek Mining Ltd.

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