Pinnacle Mines Ltd - Silver Coin Drilling is Continuing - Metallurgical Work Underway

    Trading Symbols: TSX.V:PNL
    and O7M - Frankfurt Stock Exchange

    VANCOUVER, Aug. 28 /CNW/ - Pinnacle Mines and Mountain Boy Minerals
announce that drilling is continuing at the Silver Coin property near Stewart,
BC and is presently testing areas of mineralization on the Big Missouri claim.
The drilling is defining wide areas of silicification and heavy sulphide
encountered along the west side of the previously mined Facecut-35 zone. This
area has never been drill tested. To date, eighty-six (86) holes are now
complete, significantly up from the originally planned 59 holes. As of
yesterday, 40,200 feet of core had been logged and cut for assaying. Notable
assays have been received for the first 4 holes (see August 12th news "High
Grade Gold Values...") with more expected in the coming weeks.
    Metallurgical work is now underway on sample material from the property.
This will help identify the best processing methods to extract the gold and
other metals if a mine is developed on the property. This work is expected to
be completed in the next 12 weeks.
    The 2008 drill program was designed to add precious metals resources and
to improve the resource categories already established in a 43-101 compliant
resource calculation and technical report on Silver Coin prepared in April
2007. Once the core from this years' program has been assayed, Snowden
Engineering Consultants of Vancouver, BC will begin work on an updated 43-101
compliant resource report.
    The Silver Coin is a gold-silver-base metal property located about 24
kilometers north of Stewart, British Columbia in the Skeena Mining Division.
The Silver Coin project and associated minerals claims is a 51-49% joint
venture between Pinnacle Mines and Mountain Boy Minerals except for the Kansas
claim which is 29% Mountain Boy and 71% Pinnacle.
    Alex Walus P. Geo. is the qualified person looking after the drill
program on behalf of the companies and has reviewed this press release. Drill
core samples are assayed by Assayers Canada of Vancouver, BC.

    Pinnacle Mines is a Canadian based mineral exploration and development
company with assets in Canada and Mexico. In Canada, Pinnacle holds properties
in northwestern British Columbia in proximity to numerous past and producing
mines including the Silbak-Premier Mine and Barrick Gold's famed Eskay Creek
Mine. In Mexico, Pinnacle has options to acquire and is currently exploring
two copper-gold-silver targets located within the state of Oaxaca.

    On behalf of the Board of Directors

    "Paul Saxton"

    President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of the content of this
    news release.

    %SEDAR: 00005272E

For further information:

For further information: Paul Saxton, President or John Van Duzen at
(604) 688-7377 or visit Pinnacle's website at

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