NEWLY DISCOVERED GOLD PROSPECT IN GOA AND MAHARASHTRA STATES, INDIA

cnw




TSX-V: PEB




NEW WESTMINSTER, BC and New Delhi, India, March 1 /CNW/ - Pebble Creek
Mining Ltd. (TSX-V: PEB) ("the Company") has filed two contiguous
Reconnaissance Permit (RP) applications for gold and related minerals
on 165 square kilometres in Bardez and Pernem Districts, northern Goa
state and 665 square kilometres in Sindhudurg District in adjacent
Maharashtra state along the west coast of India (collectively, the
"Goa-Maharashtra Project").




The Goa-Maharashtra RP filing was an opportunity that arose from the
Company's policy of utilizing its Indian infrastructure to acquire a
pipeline of attractive prospects. A detailed work program will be
designed once one of the RPs is granted. Advancement of the Company's
Askot massive sulphide property in Uttarakhand state remains the
Company's primary objective.




The new RP applications will likely fall under a revamped Mines and Minerals (Development and Regulation) Act that is pending adoption by India's Parliament to replace the 1957 Act
of the same name. The new Act is based on the Hoda Committee report and
has been 6 years in the making. If passed, it will compel the Indian
states to award RPs and other classes of mineral tenures in a
time-bound manner rather than the current practice where the timeliness
of receipt of mineral tenure grants is uncertain.




The new prospective gold area was discovered by microbiologist Dr.
Nandkumar M. Kamat, of Goa University's Botany Department. In a press
briefing Dr. Kamat described how his team examined gold particles in
laterites distributed at various levels in the Sanvordem formation in
northern Goa. Laterites are decomposed and leached mineral soils in
various stages of induration; they are red-brown in colour and enriched
in alumina, iron and sometimes nickel. The Sanvordem formation covers
about 1,000 square kilometres in Goa and continues outside Dr. Kamat's
study area into neighbouring Maharashta. Dr. Kamat's briefing was
published by "Nature Proceedings" on January 4, 2011.




Dr. Kamat's work was conducted for scientific purposes, to demonstrate
that bacterial action over a long period of time contributed to
secondary recrystallization of existing microscopic detrital or
residual gold particles in a 60-metre thickness of Sanvordem
sedimentary units that overlie a Precambrian basement assemblage.
Partial recrystallization of placer gold particles in proximity to sea
water has been known for many years and is often attributed to
reworking by chloride ions.




Although Dr. Kamat's work is a true pioneering study, he is not a
Qualified Person within the meaning of National Instrument 43-101 ("NI
43-101") and the Company cautions that it is not aware of any Qualified
Person or geologist who has reviewed or verified Dr. Kamat's work or
conducted any analysis of the gold potential of the Sanvordem
formation. Accordingly, the reference to Dr. Kamat's study in this
news release is solely for informational purposes only. There has been
insufficient exploration to define a mineral resource on the
Goa-Maharashtra Project and it is uncertain if exploration will result
in the delineation of a mineral resource.




The Company's land status research revealed no seriously conflicting
mineral tenures or applications in the applied areas, however, the
Company cautions that state records are not always up to date and prior
claimants may have senior rights within the selected areas.






This news release contains forward-looking statements that address future
events and conditions and are subject to various risks and
uncertainties. The Company's actual results, programs and financial
position could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors, some of
which may be beyond the Company's control. These factors include: the
application of laws and regulations where the Company's operations are
situated, the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological
data, the uncertainties of resource and reserve estimations, receipt
and security of mineral property titles; project cost overruns or
unanticipated costs and expenses, fluctuations in commodity prices;
currency fluctuations; and general market and industry conditions.


Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements


Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.






For further information:

Gyan C. Singhai, PEng, Executive Chairman, Telephone: +1 604 529 9076 Mike Romanik, Vice President, Telephone: +1 204 724 0613