Fall 2003 – Winter 2004 How to Own Five Businesses with

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Fall 2003 – Winter 2004

SPECIAL ISSUETheDISCERNING INVESTOR

How to Own Five Businesses withEXPLOSIVE Profit PotentialA Diamond Mine, A Gold Reserve, A TantalumRefinery, A Vanadium/Titanium Deposit, and

Newly Patented Renewable Energy Technology

For a Price You’d Gladly Pay for Any One of Them.

Pinnacle’s new “Aqua-Walker” literally plucks gem-quality diamonds right off the ocean floor!

Owning this company is likeholding the world’s best natural resources and process technology mutual fund.

Even if just one of these ventures begins paying off, investors will see a 500% to1,000% return on their shares.

But it isn’t just one that will pay off. At least two of them — and possibly all five — willshortly go into production, making a small fortune for the company’s stockholders.

Dear Investor:

Try It Risk-Free For 30 Days

To examine the next issue of Thexxxxxxx risk-free, just complete and mailthe Certificate on page 15 (opposite) today.

If you are not 100% satisfied, simplylet us know within 30 days. We will refundyour money in full — no questions asked.

After 30 days, The xxxxxx mustcontinue to help you reap handsomereturns from the new bull market indiamonds. If not, you may cancel at anytime and receive a full refund on theunused portion of your subscription.

Whatever you decide, all issuesreceived are yours to keep, with no furthercost or commitment of any kind.

Subhead HereAll natural resource ventures —

including diamond mining, goldexploration, and industrial metals andmuch needed gasification technology —are time-sensitive. Only the early investorsearn the big returns.

Once diamonds, or gold have beenfound on a property and productionbegins, the big gains in stock price havealready been made. Once that happens,it’s too late for you and me to cream the profits.

But with a handful of my select small-cap natural resources companies — andPinnacle Resources in particular — theship has not sailed yet. It’s still in port, andyou and I can get aboard for the money-making ride of our lives. If we act now.

So don’t delay. Complete and mail theCertificate and become a no-risk Charter

Subscriber to The xxxxxxx today. You’ll beglad you did.

Sincerely,

[name], Editor, The xxxxxxx

P.S. Subscribe for two years insteadof one year — same 100% money-backguarantee and you save $10.

2 To Find Out HOW OWN FIVE BUSINESSES with EXPLOSIVE PROFIT POTENTIAL

Need more copy for this story,

which continues on pages 13 and 14 also.

Try It Risk-Free For 30 Days

By xxxxxxxxx, Editor, xxxxx

Can you do me a favor?

Reach into your pocket, take out aquarter, and look at it.

That quarter won’t buy you a cup ofcoffee today (especially at Starbucks!).

It can’t get you a ticket to the movies… or a haircut … or today’s edition of theWall Street Journal at your local newsstand… or even a bowl of soup at the local diner.

But with that one quarter, you canbuy a couple of shares in five of today’smost promising natural resource ventures.

Any one of them has the potential togive you a 500% to 1,000% return on yourinvestment. On the other hand, if two,three, or even all five of these ventures hitpay dirt, the return on your shares can be astronomical.

In this special report, I want to tellyou about a unique company — PinnacleResources (Ticker: PNRR OTC-BB) —that gives you the explosive profitpotential of the natural resources sector …

… without the high degree of risknormally associated with investing in anindividual mining or exploration venture.

Did you miss out on any of theprevious booms in energy, oil, gas, gold,gems, and metals? Well, what I’m about to show you is perhaps the easiest, mostaffordable — and safest — way to maketriple-digit profits in today’s new bullmarket for natural resources.

Pay-Dirt Ahead for Pinnacle Resources The experts agree: Current economic,

political, and global events have set the stagefor a new bull market for natural resources:

■ When the dollar falls, investors get out of currency and into hardassets such as precious metalsand energy. The dollar has beenstruggling to stay above the 92.00 level against the Eurocurrencies. However, no amount of intervention will prevent thedollar from eventually falling. John Templeton thinks the dollarwill to go 60.00 in the long run,which is bullish for hard assets.

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Call PINNACLE RESOURCES at 303-705-8600 Today! 3

How to Own Five Businesses withEXPLOSIVE Profit PotentialA Diamond Mine, A Gold Reserve, A TantalumRefinery, A Vanadium/Titanium Deposit, and

Newly Patented Renewable Energy Technology

For a Price You’d Gladly Pay for Any One of Them.


■ The wars in Iraq and Afghanistan,and continued conflict betweenPalestine and Israel, havecontributed to instability in theMiddle East, threatening thesecurity of OPEC oil on which the U.S. depends for energy.

■ Whenever people lose confidencein the stock market and theeconomy — as they have as aresult of the recession and three-year bear market — they shift theirwealth away from equities andtoward natural resources,especially precious metals ingeneral and gold in particular.

■ The dollar is declining againstmany world currencies. Since 9/11, the U.S. and the dollar are nolonger viewed as safe havens. Withthe introduction of the “hard” euro,investors have an alternative to theU.S. dollar as a reserve currency.All of this is bullish for hard assets.

But as many investors learned atgreat expense, investing in an individualnatural resources venture — a gold miningcompany or an oil drilling venture — canbe risky business.

If the venture hits pay dirt (finds gold, discovers oil, begins refining orproduction), early shareholders can easilysee their stock generate returns of 500% to 1,000% or higher.

But if the well, hole, or mine comesup empty, the share price can plummet topeanuts, and early investors are leftholding the bag.

That’s why I’m so enthusiastic about

Pinnacle Resources and amrecommending it as my #1 naturalresources play.

Pinnacle Resources is a companythat invests in, often with a controllinginterest, natural resource ventures thatthey can usually buy at for far less thanthe market value of the technologies,processes, gold, gems, or othercommodities they own.

Why can Pinnacle buy theseresources for so little? Because the ownersof these properties and claims don’t knowhow to get the resources out of theground: The mineral or hydrocarbon isburied or trapped in a way or location thatmakes them unprofitable to recover byconventional mining, drilling, andproduction techniques.

But that’s where Pinnacle Resourcesadds real value for their shareholders: By buying hard-to-get-at natural resourcesat deep discount — and then developing or finding innovative new technologies andprocesses for recovering them cost-effectively at an enormous profit!

In this report, we’ll look at fivecurrent Pinnacle natural resource andtechnology ventures that fit this model —from a novel method for refining tantalum,to a newly developed gasificationtechnology that takes waste products andturns them into electricity or ethanol —that are about to turn previously non-performing properties into mega-profitable, money-making winners.

When you and I own shares ofPinnacle, we own parts of all five of theseventures: the diamond-bearing oceangravel beds, the tantalum process, thevanadium/titanium deposits, the goldreserves, and the gasification processtechnology and equipment.

It’s like investing in the world’s best natural resources mutual fund! You lower your risk with the same kind ofdiversification that mutual funds typically

PINNACLE RESOURCES(Ticker: PNRR OTC-BB)

To speak immediately with a Pinnacle Resources Investor

Relations Representative, call toll-free 303-705-8600 today!


offer. By spreading out your investmentover five ventures, you haven’t bet all youreggs in one natural resources basket.

Pinnacle Resources doesn’t have tohave all five ventures turn out to bewinners for us to make a fortune holdingthe stock, either.

Even if just one of the five projects isa winner, we’ll see triple-digit returns onour investment in Pinnacle Resources. The built-in diversification of this “fund”limits our exposure to any one project andmultiplies our chances of hitting a winnerfivefold. Those are odds I’ll take any day.

For many small natural resourcesventures, a shortage of cash often meansinsufficient funds for exploration anddevelopment. But Pinnacle has solvedthat problem, thanks to ...

… A $3 Million Windfallfrom White Metal.

In October 1999, PinnacleResources acquired the prospectingrights on four farms on the Platreefadjacent to Sandsloot, the world’s largestmine producing platinum and palladium.

Platinum and palladium are two of the three so-called “white metals.”Silver is the third.

During the initial project phase, thecompany drilled seven core holes thatindicated the presence of platinum-palladium minerals.

In January 2000, Pinnacle enteredinto a farm-out agreement with AnooraqResources, Inc., a Canadian minedevelopment company. Eighteen monthslater, Pinnacle elected to exchange itsproperty interest in the Platreef project forseven million shares of Anooraq stock.

Pinnacle’s management decided, quitecorrectly, that with Anooraq in control, theproject would become more valuable inthe world’s financial markets.

Meanwhile, Anooraq’s share price hasclimbed steadily upward over the pastyear, giving Pinnacle a handsome gain onthe trade. The seven million shares weresold for an aggregate sum of $3 million –money Pinnacle is using to fund five newprojects with enormous potential.

Here are the five businesses you willown when you buy shares of PinnacleResources for your portfolio — dirt-cheapat current prices, I might add — and whyany one of them could make you a smallfortune in the very near term future,

Pinnacle Resources has a lucrativejoint venture with Ocean Options, acompany that has been engaged in therecovery of diamonds from ocean depositson South Africa’s West Coast.

Countless diamonds were transportedby rivers from the interior of the Africancontinent and deposited by the ocean’scurrents along a 500-kilometer portion ofthe shoreline. Tens of thousands of gem-quality diamonds have been recoveredfrom South Africa’s western shore off theocean floor, some as big as 112 carats.

Ocean Options had been operatingfrom a boat rigged with gravel recoveryequipment. But with the stormy conditionson Africa’s West Coast creating monstrouswaves and tidal surges, Ocean Optionsinvented the “Aqua-WalkerTM” — a newtype of equipment for mining diamonds onthe ocean floor.

The Aqua-Walker consists of amobile, two-tiered platform, with each tierhaving three legs. It “walks” by retractingand lowering its two set of legs insequence, like a giant robot toweringabove the ocean waves.

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PINNACLE VENTURE #1:Plucking Gem-Quality

Diamonds Off the Ocean Floor


The platform is stabilized and elevatedabove the highest of swells. The vulnerabilityfor both men and equipment is minimized.Controlled remotely, it eliminates the needfor a boat or divers, as the equipment standson its six metal legs above the often-tumultuous sea.

Because of the difficult sea andweather conditions, a recovery boat maywork only 60 days a year. With the Aqua-Walker design, Pinnacle canrecover diamonds off the African Coast300 days a year. And, it’s more efficient: asingle Aqua-Walker can produce as manydiamonds as eight boats.

Using the Aqua-Walker to scoop up

precious diamonds from the oceanfloor, Pinnacle expects to recover12,500 carats in diamonds in the firstyear of operation, adding $2.5 millionin revenues to the company’s topline. Pinnacle will also market thedevice to other mining ventures, andthe timing for the Aqua-Walkercouldn’t be better.

Right now, the annual demandfor rough diamonds is approximately$9 billion. But production can supplyonly $8 billion. That means a shortfall of $1 billion in roughdiamonds worldwide.

Existing producing properties inthe nations that have historicallysupplied the world with diamonds are slowly being mined out. Some oldmines in South Africa are in theprocess of being shut down, as aremany of the uneconomic Russianmines. In Australia, the world’s largestopen pit diamond mine, the Argyle,has been forced to sink underground

shafts to maintain its annual output.

Russia first discovered diamonds inSiberia in 1948. Russian production hasbeen steadily falling since the early 1990’s,forcing them to dip into their vaststockpiles to maintain market share.Although Russia’s diamond supply is aclosely guarded secret, some experts say ashortage of supply is inevitable.

This shortfall has been covered by areduction of inventory levels, but thiscannot be sustained in the medium term.This shortfall has also allowed for anincrease in the price of diamonds by De Beers’ Diamond Trading Company,which has managed to increase the pricefor rough diamonds several times over the last two years.

To meet current demand levels, more mines need to be opened within the next few years. That’s why I believedemand for Pinnacle’s new Aqua-Walkerwill skyrocket.




A suction head picks up diamond-bearing gravel, whichis pumped to the shore through a flexible pipeline.

Let’s face it: Tantalum doesn’t havethe inherent appeal and excitement ofplatinum, gold, diamonds, or silver. But itshould, because in today’s high-techworld, tantalum has even greater utility.

Tantalum is an excellent conductor ofheat and electricity, and it has a very highmelting point. Because of these qualities,tantalum is widely used in the productionof electronic components and high-temperature alloys.

A major application of tantalum is for capacitors used in portable telephones,personal computers, and automotiveelectronics. Alloyed with other metals,tantalum is used for making carbide toolsfor metalworking and in the production ofsuper-alloys for jet engine components.

Working with renowned metallurgistProfessor Jan Becker, Pinnacle is usingBecker’s proprietary technology to build atantalum refinery in South Africa, capableof processing 10 tons of purified tantalumpentoxide per month.

Tantalite (the unrefined tantalum ore) isgraded by percentage of tantalum pentoxidecontained. For instance, “50% grade” meansthat the ore, when refined, will yield half ofits weight as tantalum pentoxide.

Currently the best grade of raw tantaliteore shipped from Africa is 60% grade, but theaverage grade is more like 25%. The newrefining process Dr. Becker developed forPinnacle Resources produces a finishedtantalum pentoxide in the 99+% grade, at acost well below what other producers spendto achieve a similar grade.

Tantalite ore prices are around $24 per pound of tantalum pentoxidecontained and it takes about four tons oftantalite to yield 1 ton of finished tantalumpentoxide . Therefore, Pinnacle’stantalum plant can process more than $14 million worth of tantalum producteach year. When the first module of thenew refinery goes into commercial

production next year, it will produce$6 million in tantalum within thefirst 12 months of operation.

Significantly, the United States,a major producer of high-techelectronics, has a limited domesticsource of tantalum and Europe,China and Japan have none. I believe Pinnacle’s South Africantantalum plant can enable thecompany to become a NorthAmerican provider of superior

quality tantalum as well as apreferred supplier to Europe, China,

and Japan.

Tantalum pentoxide production has alreadybegun at Pinnacle’s South African plant.


PINNACLE BUSINESS VENTURE #2:Refining Tantalum for High-Tech Products

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We think of iron and steel as thestrongest metals, but actually, raw ironand steel often lack strength, ductility,hardness, and other properties for themany applications in which they are used.

That’s why most of the iron and steel produced today is actually iron andsteel alloys: By adding other metals,metallurgists can produce alloys that havethe exact properties needed for aircraft,beams, girders, sheet metal, tubing, orwhatever else the application requires.

Vanadium, a grey metal named afterthe goddess Vanadis, the northern Venus,is one of the most in-demand metals formaking iron and steel alloys. It is used incarbon steel, high-strength steel, full alloysteel, and tool steel, to name just a few.The United States produces 100 milliontons of steel annually. A recent article inKiplinger’s Personal Finance proclaims:“After endless trade and labor struggles,the steel industry is bouncing back.”

Pinnacle Resources holds an exclusive30-year mineral lease on 17,188 acres within the Bushveld Complex, a region thataccounts for 50 percent of the world’svanadium supply and a hefty amount oftitanium. The entire Mineral Claim containsa six-meter-thick main layer magnetite,approximately 17 kilometers in strike length, which is reported to be the largestunderdeveloped resource of vanadium in theworld and a magnificent source of titanium.

Indicated resource of the mainmagnetite layer to a depth of only 80 meters

is estimated to be 100 million tons ofmagnetite containing 1.67 million tons ofvanadium pentoxide and titanium dioxide.Assays from diamond core drilling showthat the “run-of-mine ore” contains anaverage of 1.24% vanadium pentoxide and11.88% titanium dioxide. The outcroppingand shallow magnetite layer can be minedusing low-cost open pit mining methods.

Beneath the main magnetite layer occursa 20-meter thick secondary layer averaging35% magnetite containing 1.71% vanadiumpentoxide. Inferred resources to a depth of200 meters are estimated to be 320 milliontons of magnetite and 2.69 million tons ofvanadium. Total resources on the propertiesto a depth of 200 meters are therefore 570 million tons of magnetite containing 6.87 million tons of vanadium pentoxide.

What is all this vanadium worth? An economic study of the property wasperformed, using data from the SouthAfrican Council for Mineral Technology.Based on a 20-year project life and aproduction rate of 4,120 tons offerrovanadium, Pinnacle’s property canproduce 82,400 tons. At a vanadium priceof $17 per kilogram, the operation has a netpresent value $70 million. And vanadiumprices are expected to climb higher. If thetitanium pentoxide were included in theeconomic analysis, then the net presentvalue would be well over $100 million.

If you bought every share of PinnacleResources outstanding, it would cost youaround $2.4 million. That means you’d bebuying a vanadium project with a provenmarket worth of $70 million for less than4% of its total net present value!

Bonus: Recent research in theprocessing of vanadiferous titano-magnetite ores indicates that it may nowbe economically feasible to extract notonly vanadium from the deposits, but alsotitanium and iron. Pinnacle Resources isalready investigating two breakthroughprocesses for recovering these metals fromtheir Bushveld acreage.




PINNACLE BUSINESS VENTURE #3:Making Steel Stronger

(continued on page 10)


Pinnacle’s management team boasts a breadth and depth of natural resourcesexperience that few other businesses can duplicate.

Glen R.“Trig” Gamble Chairman and PresidentAfter military service, Mr. Gamble attended the University of Colorado and graduated in 1970 with a degree in Accounting and Finance. He has served as an officer and director for companies in mining, oil and gas, cattle, real estate, and resource financing.

In the 70’s, Gamble helped finance a number of mining ventures throughpartnerships, limited partnership, and joint ventures. In 1979, he orchestrated the sale and financingon a ranch in Russell, Kansas on which there were several oil and gas producing wells. This led to the creation of Petro-Package Brokerage, which specialized in packaging, financing, and sellingproducing oil and gas properties. Currently he is a director of Natural Buttes Gas Corp., manager of Desert Flower Mining LLC, and president and chairman of Victory Minerals Corp. and PinnacleResources Inc.

R. A.“Dutch” HildebrandSecretary and Treasurer Mr. Hildebrand has degrees in geological engineering from the Colorado Schoolof Mines and business management from La Salle University. He is a registeredprofessional mining engineer with more than 40 years of international experiencein exploration, mining engineering, mine production, economic evaluation ofmining properties, and management of mine-mill operations. In 1980, Her MajestyQueen Beatrix of the Netherlands appointed him Honorary Consul for Colorado,

New Mexico, and Wyoming.

Dutch Hildebrand has worked for Union Carbide as a mining engineer and as a consultant to Gulf Oil, General Electric, and other international corporations. In 1970 Hildebrand founded and was president of Polaris Resources. Since 1996 he has been vice president of EnvironmentalAssurance Corporation.

Dr. Jan BeckerDirector of TechnologyDr. Becker is a renowned metallurgist and inventor of the breakthroughprocessing technology being applied at Pinnacle’s tantalum, titanium andvanadium projects. Over the course of his 35-year career, he has served asconsulting metallurgist for numerous multinational steel companies worldwide.

Dr. Becker was a key consultant to Highveld Steel and Vanadium in South Africaand was Senior Lecturer, Department of Materials Science and Metallurgical Engineering, Universityof Pretoria, South Africa for 24 years. He is acclaimed for his three world patents on new processesfor titanium and vanadium recovery and the production of nano-scale hematite and ferrite powder.

Meet the “A” Team of Natural Resources

Whenever there’s fear and economicuncertainty, investors move away fromfinancial instruments such as currency andstock, and toward hard assets, especially gold.

We are at the beginning of a new bullmarket in gold. A recent article in Barron’spredicts that gold prices will climb to over$800 an ounce.

Last month, Pinnacle Resourcesacquired the Riyadh gold property insouthern Ghana, giving them a 20,000-acre prospecting license on the world-renowned Ashanti Gold Belt. The catalystfor this gold rush into Ghana is theresurgence of the price of gold, Ghana’sstable political climate, and its reputationas the second-largest gold producingcountry on the African continent.

Ghana has recently become the focusof exploration activity for a number of giantgold mining companies. Anglo Goldannounced earlier this year that it had madean offer to acquire Ashanti Goldfields Co.

Ashanti operates the largest goldmine in Ghana. This mine is situated onthe Ashanti Gold Belt extension, to thenorth of Pinnacle’s Riyadh property.

Senior mining giant Newmont nowspends nearly $20 million — one-fifth of itsannual $100 million exploration budget — in Ghana alone. Golden Star Resources, thesecond-largest gold producer in Ghana, hascommitted to developing gold mines adjacentto Riyadh and operates a gold concentratingplant located eight miles away.

Barrick Gold and Newmont Mining have

also made offers on Ashanti Gold Beltproperties. Intense interest from these seniormining companies indicates that Pinnacle isin the right place at the right time.

Ongoing exploration of Pinnacle’sRiyadh property includes the analysis of14,377 geochemical soil samples and thedrilling of 64 holes totaling 7,854 meters. So far, the drilling program on the southernportion of the Riyadh property has alreadyproven a resource of 250,000 ounces of gold,as reported by an independent expert whoexamined the property. At the current goldprice of over $390 an ounce, the marketvalue of Riyadh’s gold is $97.5 million.

When gold hits $800 an ounce, themarket value of that quarter of a millionounces of gold will be $200 million. Andkeep in mind that you and I can buy thatentire gold reserve for around $2.4 million(Pinnacle’s current market capitalization).

I told you earlier that owning PinnacleResources is like owning a mutual fund of 5 great natural resources companies.And there’s one other Pinnacle businessventure you need to know about before youdecide to add this stock to your portfolio….

1 0 To Find Out HOW OWN FIVE BUSINESSES with EXPLOSIVE PROFIT POTENTIAL




PINNACLE BUSINESS VENTURE #4:Gold in Ghana

Pinnacle’s Riyadh gold property is surrounding by land being developed by senior mining

companies Ashanti,Anglo Gold, and Newmont.

In November 2003, PinnacleResources acquired a world wide licenseto utilize a break-through patent-pendingtechnology to produce energy fromcarbon-based waste products such as bio-waste, agricultural wastes, andmunicipal sewage without toxic emissions.

Pinnacle’s process involves thegasification of carbon-containing wasteproducts to produce syngas (synthesisgas). Syngas contains hydrogen, carbonmonoxide, carbon dioxide, and nitrogen,which is inert.

Inside the equipment, the organicmaterial in the waste reacts with steamand oxygen at high temperature andpressure, which chemically converts it tosyngas. The extreme temperatures causethe nonorganic materials in the garbage— ash, metals — into ash. The ash is inertand has a variety of uses in theconstruction and building industries.

The first gasification plant usingPinnacle’s technology was sold to NorthCarolina State University (NCSU) where it isbeing tested for the treatment of — believe

it or not — hog manure. The project helpedNCSU win last year’s ecology award forinnovative technology that benefited the environment.

The synthesis gas produced by the newgasification process can be used to drive aturbine engine driving an electric generatorto produce electricity. Or, it can becatalytically converted to produce ethanol,natural gas, or anhydrous ammonia.

Local municipalities will paycontractors equipped with this gasificationtechnology to convert their wastematerials to ethanol. Because the process“recycles” materials that would otherwisebe burned as garbage or buried as landfill,ethanol produced through gasificationcarries a 56 cents per gallon tax credit.

The Buy of the CenturyLet’s recap what we get when we buy

shares of Pinnacle Resources:

1. A South African diamond miningequipment and explorationbusiness — in a booming diamondmarket. While offshore diamondreserves can’t be accuratelyvaluated, the venture’s equipmentalone is worth almost half amillion dollars.

2. A tantalum refinery thatcan produce $14 millionworth of product each year.Again, the plant alone has a cash value of about half a million dollars.

3. A vanadium/titaniumdeposit with a net presentvalue of $70 million, whichwill go up as vanadiumprices climb.

4. A gold reserve in Ghanathat, in the early stages ofexploration, has alreadyyielded proven gold reserveswith a market value of $92.5 million.

PINNACLE BUSINESS VENTURE #5:Green Energy Production

Pinnacle Resources gasification process.

Call PINNACLE RESOURCES at 303-705-8600 Today! 1 1

5. A green energy productiontechnology that generates hydrogenfrom waste products.

All this in a company with zero debtand more than half a million dollars inliquid assets remaining from the sale of its platinum property to Anooraq.

Total value of these assets: at least$71 million, and potentially many timesthat amount.

As for the price you pay to own it all,Pinnacle Resources is selling for around15 cents a share — and with 16 millionoutstanding shares, its marketcapitalization is a miniscule $2.4 million.

That means by owning the stock ofPinnacle Resources, shareholders canbuy a $76 million company for about1/30th of that amount!

That’s a discount to the net currentasset value of almost 97%. And that makesPinnacle Resources one of the safestnatural resources plays you can make: in a pinch, the company could afford tobuy back all of its stock by selling less than 4% of its assets!

Buying a company selling at anydiscount to net current asset value is abargain; buying one selling at a 97%discount is a steal.

In a famous study, Professor Joseph D.Vu at the University of St. Paul found thatportfolios containing stocks selling at adiscount to net current asset value earneda 24% average annual return. At that rateof return, a $100,000 portfolio will beworth $236,421 within four years.

But the fact that Pinnacle Resourcesis selling so cheap is icing on the cake.Yes, at these low prices, even a dollarmove upward in price will give us 667% return on the shares we buy today.

Yes, having a basket of five naturalresources ventures instead of one gives us

diversity that lowers our downside risk.Yes, the deep discount to net asset valuemakes bankruptcy virtually impossible.

Amazingly, there has been virtually noPR on Pinnacle Resources. No analysts atany of the big brokerage firms follow thestock. That’s good news for early investors.Once Wall Street finds out about Pinnacle,a frenzy of buying will drive the share priceway up.

The real excitement, of course, is that Pinnacle Resources has not one butfive active projects — gold, diamonds,tantalum, vanadium, and green energyproduction — and ALL are poised to beginproduction and generate large streams of revenues in 2004.

Remember, when a mining or drillingventure either gets positive results fromthe exploration phase, or enters into theproduction phase, returns of 200%, 500%, even 1,000% are not uncommon.And that’s the profit potential from oneventure — but Pinnacle has five.

Bottom line: Load up on PinnacleResources today.

Pinnacle Resources (Ticker: PNRROTC-BB) has 16 million shares outstanding.



To speak immediately with aPinnacle Resources InvestorRelations Representative, call 303-705-8600 today!

Or write to:Pinnacle Resources

9600 East Arapahoe Road, #260Englewood, CO 80112

Phone: 303-705-8600

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Do You Have a Quarter in Your Pocket or Purse? For less than two bits, you can become the proud owner of:

■ An underwater South African diamond mine where breakthrough technology is going to pluck investment-gradediamonds right off the ocean floor (page X).

■ A tantalum refining plant that can refine more than 20 tons of ore per month (page X).

■ A vanadium mine worth over $70 million — and you canbuy the company that owns it for less than 4% of the mine’s total value (page X).

■ A 20,000-acre property with over a quarter of a millionproven ounces of gold (page X).

■ A “green energy” project that can convert ordinary garbageinto valuable fuel — cleanly and efficiently (page X).

Imagine what these producing properties will sell for whengold hits $1,000 an ounce … diamonds prices jump higher …

and tantalum and vanadium demand soars!

Documents

Fall 2003 – Winter 2004 How to Own Five Businesses with