PINN.V · 2024-04-12 12:00:00

Pinnacle Announces Non-Brokered Private Placement

Financings

250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868

TSXV: PINN OTC: NRGOF

VANCOUVER, BRITISH COLUMBIA, April 12, 2024 (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) –

Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") announces that it is arranging a non-

brokered private placement to raise gross proceeds of up to $ 600,000 (the “Offering”). The placement

will consist of up to 20,000,000 units (the "Units") with each Unit comprising one common share

(“Share”) in the capital of the Company and one -half share purchase warrant ("Warrant"), whereby

each whole Warrant shall be convertible into an additional Share at an exercise price of $0. 05 for a

period of 24 months from the date of issuance. A finder’s fee of up to 6% in cash and 6% in warrants

exercisable into Shares at $0.05 for a period of 24 months may also be paid.

The net proceeds raised from the Offering will be used for the preparation of summer drilling at the

Argosy Gold Mine and North Birch Project, new project evaluations and general working capital.

All securities to be issued will be subject to a four -month hold period from the date of issuance and

subject to TSX Venture Exchange approval. The securities offered have not been registered under

the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United

States absent registration or an applicable exemption from the registration requirements.

About Pinnacle Silver and Gold Corp.

Pinnacle is currently focused on district -scale exploration for precious metals in the prolific Red Lake

District of northwestern Ontario . The past-producing high-grade Argosy Gold Mine is open to depth,

while the adjacent North Birch Project offers additional blue -sky potential. Pinnacle is also actively

looking for other district -scale opportunities in the Americas, with a particular focus on silver and gold.

With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is

committed to building long term, sustainable value for shareholders.

FOR FURTHER INFORMATION CONTACT:

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts

responsibility for the adequacy or accuracy of this release.