PLATREEF PROJECT

Early in 1999 the Company drilled seven core holes on the Platreef of the Bushveld Complex in South Africa and discovered platinum mineralization. The Company, at that time, did not have the resources to further develop this project and therefore sold its interest to a larger mine developer. From the proceeds of the sale Pinnacle was able to finance the acquisition and development of its vanadium, tantalum, diamond and gold projects.

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