Document:

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                                                                    EXHIBIT 4.72

                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                (SENIOR OFFICER)

Notice is hereby given that, effective this 21st day of March, 2006 (the
"Effective Date") Pine Valley Mining Corporation (the "Company") has granted to
________ (the "Service Provider"), an Option to acquire ________ Common Shares
("Optioned Shares") up to 5:00 p.m. Vancouver Time on the 21st day of March,
2011 (the "Expiry Date") at a Exercise Price of CDN$1.74 per share.

At the date of grant of the Option, the Company's Common Shares are listed for
trading on the TSX.

Optioned Shares will vest and may be exercised as follows:

(a)

(b)

The grant of the Option evidenced hereby is made subject to the terms and
conditions of the Company's Amended & Restated Share Option Plan dated for
reference September 30, 2005, the terms and conditions of which are hereby
incorporated herein. The Company will provide you with a copy of the Company's
Amended & Restated Share Option Plan upon your request.

To exercise your Option, deliver a written notice specifying the number of
Optioned Shares you wish to acquire, together with cash or a certified cheque
payable to the Company for the aggregate Exercise Price, to the Company. A
certificate for the Optioned Shares so acquired will be issued by the transfer
agent as soon as practicable thereafter.

PINE VALLEY MINING CORPORATION

------------------------------
Authorized Signatory<PAGE>
                                                                    EXHIBIT 4.73

                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                   (EMPLOYEE)

Notice is hereby given that, effective this 21st day of March, 2006 (the
"Effective Date") Pine Valley Mining Corporation (the "Company") has granted to
______ (the "Service Provider"), an Option to acquire ______ Common Shares
("Optioned Shares") up to 5:00 p.m. Vancouver Time on the 21st day of March,
2011 (the "Expiry Date") at a Exercise Price of CDN$1.74 per share.

At the date of grant of the Option, the Company's Common Shares are listed for
trading on the TSX.

Optioned Shares will vest and may be exercised as follows:

(a)

(b)

The grant of the Option evidenced hereby is made subject to the terms and
conditions of the Company's Amended & Restated Share Option Plan dated for
reference September 30, 2005, the terms and conditions of which are hereby
incorporated herein. The Company will provide you with a copy of the Company's
Amended & Restated Share Option Plan upon your request.

To exercise your Option, deliver a written notice specifying the number of
Optioned Shares you wish to acquire, together with cash or a certified cheque
payable to the Company for the aggregate Exercise Price, to the Company. A
certificate for the Optioned Shares so acquired will be issued by the transfer
agent as soon as practicable thereafter.

The Company and the Service Provider represent that the Service Provider under
the terms and conditions of the Plan is a bona fide employee of the Company,
entitled to receive Options under Exchange Policies (as such term is defined in
the Plan).

PINE VALLEY MINING CORPORATION

------------------------------
Authorized Signatory<PAGE>
                                                                    Exhibit 4.74

               IRREVOCABLE CONSENT TO TERMINATION OF STOCK OPTIONS

Notice is hereby given to Pine Valley Mining Corporation (the "COMPANY") that,
effective this 22nd day of March, 2006 (the "EFFECTIVE DATE"), Jeffrey M. Fehn
(the "SERVICE PROVIDER"), for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged by the Service Provider, voluntarily
and irrevocably consents to the termination of the Service Provider's options to
acquire up to 950,000 and 250,000 Common Shares in the capital of the Company up
to the 24th day of September, 2009 and March 9, 2010 respectively at an exercise
price of CDN $2.30 and $5.30 per share respectively (the "OPTIONS"), being all
of the Service Provider's presently outstanding stock options governed by the
Company's Amended & Restated Share Option Plan dated September 30, 2005 (the
"PLAN").

In order to effect and better facilitate the termination of the Options, the
Service Provider has irrevocably surrendered for cancellation, to the Company,
the Option Commitment documenting the grant of the Options.

                                        /s/ Jeffrey M. Fehn
                                        ----------------------------
                                        JEFFREY M. FEHN<PAGE>
                                                                    Exhibit 4.75

               IRREVOCABLE CONSENT TO TERMINATION OF STOCK OPTIONS

Notice is hereby given to Pine Valley Mining Corporation (the "COMPANY") that,
effective this 22nd day of March, 2006 (the "EFFECTIVE DATE"), Martin Rip (the
"SERVICE PROVIDER"), for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged by the Service Provider, voluntarily
and irrevocably consents to the termination of the Service Provider's option to
acquire up to 300,000 Common Shares in the capital of the Company up to the 14th
day of February, 2010 at an exercise price of CDN $5.60 per share (the
"OPTIONS"), being all of the Service Provider's presently outstanding stock
options governed by the Company's Amended & Restated Share Option Plan dated
September 30, 2005 (the "PLAN").

In order to effect and better facilitate the termination of the Options, the
Service Provider has irrevocably surrendered for cancellation, to the Company,
the Option Commitment documenting the grant of the Options.

                                            /s/ Martin Rip
                                            ------------------------
                                            MARTIN RIP<PAGE>
                                                                    Exhibit 4.76

               IRREVOCABLE CONSENT TO TERMINATION OF STOCK OPTIONS

Notice is hereby given to Pine Valley Mining Corporation (the "COMPANY") that,
effective this 22nd day of March, 2006 (the "EFFECTIVE DATE"), Roy Fougere (the
"SERVICE PROVIDER"), for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged by the Service Provider, voluntarily
and irrevocably consents to the termination of the Service Provider's option to
acquire up to 100,000 Common Shares in the capital of the Company up to the 14th
day of February, 2010 at an exercise price of CDN $5.60 per share (the
"OPTIONS"), being all of the Service Provider's presently outstanding stock
options governed by the Company's Amended & Restated Share Option Plan dated
September 30, 2005 (the "PLAN").

In order to effect and better facilitate the termination of the Options, the
Service Provider has irrevocably surrendered for cancellation, to the Company,
the Option Commitment documenting the grant of the Options.

                                           /s/ Roy Fougere
                                           --------------------------
                                           ROY FOUGERE<PAGE>
                                                                    Exhibit 4.77

               IRREVOCABLE CONSENT TO TERMINATION OF STOCK OPTIONS

Notice is hereby given to Pine Valley Mining Corporation (the "COMPANY") that,
effective this 22nd day of March, 2006 (the "EFFECTIVE DATE"), Samuel Yik (the
"SERVICE PROVIDER"), for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged by the Service Provider, voluntarily
and irrevocably consents to the termination of the Service Provider's option to
acquire up to 200,000 Common Shares in the capital of the Company up to the 17th
day of March, 2010 at an exercise price of CDN $5.31 per share (the "OPTIONS"),
being a portion of the Service Provider's presently outstanding stock options
governed by the Company's Amended & Restated Share Option Plan dated September
30, 2005 (the "PLAN").

In order to effect and better facilitate the termination of the Options, the
Service Provider has irrevocably surrendered for cancellation, to the Company,
the Option Commitment documenting the grant of the Options.

                                          /s/ Samuel Yik
                                          -------------------------------
                                          SAMUEL YIK<PAGE>
                                                                    Exhibit 4.78

               IRREVOCABLE CONSENT TO TERMINATION OF STOCK OPTIONS

Notice is hereby given to Pine Valley Mining Corporation (the "COMPANY") that,
effective this 22nd day of March, 2006 (the "EFFECTIVE DATE"), Robert Armstrong
(the "SERVICE PROVIDER"), for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged by the Service Provider, voluntarily
and irrevocably consents to the termination of the Service Provider's option to
acquire up to 10,000 Common Shares in the capital of the Company up to the 24th
day of August, 2010 at an exercise price of CDN $4.22 per share (the "OPTIONS"),
being all of the Service Provider's presently outstanding stock options governed
by the Company's Amended & Restated Share Option Plan dated September 30, 2005
(the "PLAN").

In order to effect and better facilitate the termination of the Options, the
Service Provider has irrevocably surrendered for cancellation, to the Company,
the Option Commitment documenting the grant of the Options.

                                         /s/ Robert Armstrong
                                         -----------------------------
                                         ROBERT ARMSTRONG

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