Pine Valley Mining (PVMCF)

[Mickey10305]

Rumor has it that they may have a buyer and the were granted more time buy the BC to work out a deal. Looks like the shareholders we get some money. Take reserves minus costs/Creditors payouts and there will still be over 75 Milliom left. I plan to take a chance and double down.

Press Release Source: Pine Valley Mining Corporation

Pine Valley Reports on Extension of Creditor Protection Order
Monday February 5, 2:44 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 5, 2007 -- Pine Valley Mining Corporation (Toronto Future:PVM.TO - News)(OTC BB:PVMCF.OB - News) (the "Company" or "Pine Valley") reports that the BC Supreme Court has granted a further extension of the order in favour of the Company and its subsidiaries under the Companies' Creditors Arrangement Act (Canada) first granted October 20, 2006 (the "Order"). The extension will enable the Company and its subsidiaries to pursue a transaction which would form the basis for a Plan of Arrangement to its creditors. The Order, as extended, will remain in effect for a period ending April 13, 2007, during which time creditors and other third parties will continue to be stayed from terminating agreements with Pine Valley and its subsidiaries or otherwise taking steps against Pine Valley and its subsidiaries.

PINE VALLEY MINING CORPORATION

Robert Bell, President and Chief Executive Officer


Contact:

Contacts:
Pine Valley Mining Corporation
Robert (Bob) Bell
President & Chief Executive Officer
[phone]

Pine Valley Mining Corporation
Martin Rip
Vice President Finance and CFO
[phone]
Email: [e-mail]
Website: http://www.pinevalleycoal.com