Document:

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                                                                    EXHIBIT 4.42

                              EMPLOYMENT AGREEMENT

THIS AGREEMENT effective the 25th day of January, 2005.

BETWEEN:

         PINE VALLEY MINING CORPORATION, having an office at 501-535 Thurlow
         Street, Vancouver, British Columbia, Canada

         (the "Company")

AND:

         MARTIN RIP, of 4771 Woodrow Crescent, North Vancouver, British
         Columbia, Canada

         (the "Executive")

WHEREAS the Executive has agreed to a contract of employment with the Company,
and the Company has agreed to contract for the services of the Executive, on the
terms and conditions set forth in this Agreement.

NOW THEREFORE in consideration of the mutual terms and conditions in this
Agreement, and the payment by the Employer to the Executive of $10.00, the
receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:

1.   POSITION, SERVICES AND TERM

1.1  POSITION

     The Company will employ the Executive and the Executive will serve the
     Company as Vice President, Finance and Chief Financial Officer. The
     Executive will report to the President of the Company or such other person
     designated from time to time by the Company.

     Despite this Agreement, the employment of the Executive with the Company is
     subject to the Company conducting reference checks, criminal records
     checks, securities records checks and such other inquiries as the Company
     considers appropriate about the Executive (the "Inquiries") and receiving
     in response thereto information about the Executive that is satisfactory to
     the Company in its discretion. The Executive consents to the Inquiries
     being conducted by the Company, and will provide any necessary consents to
     any third party to facilitate the Inquiries, and consents to the Company
     using any information received as a result of the Inquiries to determine
     the suitability of the Executive for employment with the Company.
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1.2  SERVICES

     The Executive will exercise the powers normally or usually associated with
     the position of Vice President, Finance and Chief Financial Officer and
     such other duties and powers as the Company may assign to the Executive
     from time to time (the "Services").

1.3  TERM

     The Executive will commence providing the Services to the Company on
     February 14, 2005, or such other date as mutually agreed, (the" Start
     Date") and the employment of the Executive with the Company will continue
     until the employment is terminated by either party providing reasonable
     notice (or, in the case of the Company, by providing Salary in lieu of
     notice) of termination to the other party, by the death or retirement of
     the Executive or by mutual agreement, subject to the provisions of this
     Agreement (the "Term").

1.4  TRAVEL

     The Executive acknowledges that effective performance of the Services may
     require that the Executive travel from time to time as required by the
     Company,

1.5  POLICIES AND PRACTICES

     The Executive will comply with the policies, practices, directions and
     instructions, written or oral, of the Company from time to time in effect.

2.   EXECUTIVE OBLIGATIONS

2.1  EFFORT AND LOYALTY

     The Executive will perform the Services in a competent and faithful manner
     and will devote the time and effort necessary to properly and fully perform
     the Services. The Executive owes a duty of loyalty to the Company and will
     at all times use his best efforts to promote the interests of the Company.

2.2  FIDUCIARY

     The Executive acknowledges that by virtue of the employment contemplated by
     this Agreement, the Executive will be in a fiduciary relationship with the
     Company and will owe fiduciary obligations to Company. The provisions of
     this Agreement are additional to and do not amend, replace or otherwise
     reduce those obligations.

3.   COMPENSATION AND BENEFITS

3.1  SALARY

     The Company will pay the Executive an annual salary of CDN$100,000 (the
     "Salary"), payable in bi-weekly installments less all required or permitted
     withholdings and
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     remittances. The Company will review the Salary from time to time during
     the Term and may, in its sole discretion, increase the Salary.

3.2  OTHER COMPENSATION

     Within 30 days of commencing work with the Company, the Company will
     provide to the Executive a one time signing bonus of $7,500 less all
     required or permitted withholdings and remittances.

     The Executive will be eligible for a pro rata annual bonus of up to 25% of
     that portion of the Salary that is paid to the Executive for the period
     from the Start Date to March 31, 2005 and an annual bonus of up to 25% of
     the Salary for the April 1, 2005 to March 31, 2006 fiscal year of the
     Company. Both potential bonuses will be based on the performance of the
     Executive assessed against the requirements set out in Schedule A to this
     Agreement. The Company will have the discretion to assess to what extent
     and how well the Executive performed the requirements but will act
     reasonably. The terms and conditions of a bonus plan, if any, after the
     2005/06 fiscal year of the Company will be at the discretion of the
     Company.

     The Executive will be eligible to participate in the RRSP plan the Company
     intends to implement in the first quarter of 2005 or as soon as practicable
     thereafter, subject to the terms and conditions of that plan.

     As soon as practicable after the Executive signs this Agreement and the
     Inquiries are completed, the Company will provide to the Executive a
     one-time grant of share options to purchase 300,000 shares of the Company
     at the market price in effect on the date the options are granted. The
     options will vest in eight equal amounts commencing on the three month
     anniversary of the date the Executive starts work and continuing every
     three months thereafter until fully vested. The options expire no later
     than five years after the grant date. Despite the foregoing, this grant of
     options is subject to the terms of the Company's Share Option Plan and the
     approval of the Board of Directors of the Company.

3.3  BENEFITS

     During the Term, the Company will make available to the Executive the
     insured benefit plans customarily available to employees (the "Benefits").
     The terms and conditions of the Benefits will be determined by the plans or
     policies from time to time established or purchased by the Company. The
     Company retains the right to establish new Benefits and to alter or delete
     any Benefits from time to time and at any time in its sole discretion.

3.4  VACATION

     In addition to statutory holidays, the Executive is entitled to four weeks'
     paid vacation within each calendar year, pro-rated for any partial calendar
     year, during the Term.
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     The Executive will schedule vacation at such time or times as the Company
     and the Executive mutually agree. Failing such agreement, the Company may
     set the vacation time or times based on business considerations.

3.5  EXPENSES

     Upon submission of appropriate receipts and written accounts, the Company
     will reimburse the Executive for all reasonable expenses actually and
     properly incurred by him in connection with his duties hereunder in
     accordance with the policies, practices or directions of the Company from
     time to time in effect. The Company will reimburse the Executive for the
     cost of the B.C. Institute of Chartered Accountants annual fees and for the
     reasonable cost of training that the Executive is required to take to
     maintain his professional standing with the B.C. Institute of Chartered
     Accountants.

4.   CONFIDENTIALITY

4.1  ACCESS TO CONFIDENTIAL INFORMATION

     The Executive acknowledges that in the course of carrying out, performing
     and fulfilling the Executive's obligations to the Company, the Executive
     will have access to and be entrusted with Confidential Information, and
     that the disclosure of the Confidential Information to competitors or
     clients of the Company or to the general public will be highly detrimental
     to the best interests and business of the Company.

4.2  DEFINITION

     "Confidential Information" means trade secrets and information that is not
     generally known to the public or that would be reasonably considered
     confidential and proprietary to the Company and its business partners, and
     includes but is not limited to:

     (a)  exploration data, property information, trade secrets, know-how,
          concepts, ideas whether patentable or not, strategy, planning,
          methods, processes, formulae, apparatus, standards, product
          specifications, processing procedures;

     (b)  revenue, costs, pricing and other financial data;

     (c)  customer, supplier, or business partner information (including without
          limitation, names, preferences, financial information, addresses or
          telephone numbers);

     (d)  all access codes, systems software applications, software/systems
          source and object codes, data, documentation, program files, flow
          charts, operational procedures, locations of operations, merchant
          numbers and merchant support and verification numbers; and

     (e)  the private affairs of the Company or any other information which the
          Executive may acquire during the Term with respect to the business and
          affairs of the Company, whether acquired in the course of employment
          or incidentally.
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4.3  EXCLUSIONS

     Notwithstanding the provisions of Section 4.2, "Confidential Information"
     does not include information or data which the Executive can prove:

     (a)  is generally in the public domain at the date of its disclosure to the
          Executive, or which thereafter enters the public domain through no
          fault of the Executive or of any other person owing an obligation of
          confidentiality to the Company (but only after it enters the public
          domain); or

     (b)  was in the Executive's possession on a non-confidential basis prior to
          being disclosed under this Agreement;

     provided that information which comprises part of the Confidential
     Information will not be included within the foregoing exceptions merely
     because individual parts of the information were within the public domain,
     or were within the Executive's prior possession, unless the combination of
     such Confidential Information and excepted information itself was in the
     public domain, or in the Executive's prior possession.

4.4  USE AND DISCLOSURE

     The Executive acknowledges that he will receive the Confidential
     Information solely for the purpose of carrying out the duties of the
     Executive as an employee of the Company. Except as may be specifically
     required in the course of carrying out such duties, the Executive will not,
     during the Term or at any time thereafter:

     (a)  disclose any Confidential Information to any person or entity; or

     (b)  use or exploit, directly or indirectly, the Confidential Information
          for any purpose other than the proper purposes of the Company.

     Despite the foregoing, if the Executive is required by law to disclose any
     Confidential Information then the Executive will promptly notify the
     Company that the Executive may be required to disclose Confidential
     Information and the Executive will consult with and cooperate with the
     Company in any attempt to resist or narrow such disclosure and/or to obtain
     an order or other assurance that such information will be accorded
     confidential treatment. Notwithstanding any disclosure required by law, the
     Confidential Information disclosed will, for all other purposes, continue
     to be treated as Confidential Information under this Agreement.

4.5  RETURN OF CONFIDENTIAL INFORMATION

     Upon the termination of the Executive's employment with the Company for any
     reason, or upon the written request of the Company at any time, the
     Executive will return immediately to the Company all Confidential
     Information then in the Executive's possession or under his control.
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4.6  NOTICES

     Any notices, requests, demands or other communications that are required or
     permitted to be given by one party to the other under this Agreement will
     be given in writing by registered post, personal delivery or facsimile
     addressed to the other party or delivered to such other party at the
     address shown on page 1 hereof or at such other address within British
     Columbia as either party may from time to time specify by notice in writing
     given to the other party.

     Demands or other communications will be deemed to have been received, if
     sent by registered post, then on the date of acknowledged receipt in
     writing by or on behalf of the addressee, if sent by facsimile, then on the
     earlier of the date of transmission if received during normal business or
     working hours of the recipient and the date of the first normal business
     working hours after the date of transmission, or if sent by personal
     delivery, then on the date when delivered to the addressee.

5.   COLLECTION AND USE OF PERSONAL INFORMATION

     The Executive acknowledges that the Company will collect, use and disclose
     personal information only where reasonably necessary for security,
     employment and business purposes. The Executive consents to the Company
     collecting, using and disclosing personal information about the Executive
     only where reasonably necessary for security, employment and business
     purposes in accordance with applicable legislation and any privacy policy
     of the Company that may be in effect from time to time.

6.   SEVERABILITY

     In the event that any provision or part of this agreement is deemed void or
     invalid by a court of competent jurisdiction, the remaining provisions or
     parts will be and remain in full force and effect.

7.   REPRESENTATIONS

     This Agreement contains the entire agreement between the parties hereto
     with respect to the subject matter hereof and supersedes all prior
     agreements or understandings, whether oral or written and whether express
     or implied, between the parties hereto. The Executive acknowledges and
     agrees that any prior agreements or representations, whether oral or
     written and whether express or implied, between the Executive and the
     Company, are hereby terminated and the Executive has no rights or
     entitlements under or arising from any such prior agreements or
     representations against Company. The Executive hereby waives any right to
     assert a claim in tort based on any pre-contractual representations,
     negligent or otherwise, made by the Company.

8.   WAIVER OR MODIFICATION OF AGREEMENT

     No failure or delay of the Company in exercising any power or right
     hereunder will operate as a waiver thereof nor will any single or partial
     exercise of such right or power preclude any other right or power
     hereunder. No amendment, modification or waiver of
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     any condition of this Agreement or consent to any departure by the
     Executive therefrom will in any event be effective unless the same will be
     in writing signed by the Company.

9.   SURVIVAL

     The obligations set out in paragraphs 2.2 and 4 to 15 inclusive will
     survive the termination of the employment of the Executive and continue in
     effect regardless of whether any party is or has been in compliance with
     any provision in this Agreement. The parties will execute and deliver any
     documents and perform any acts necessary to carry out the intent of this
     Agreement.

10.  DIRECTOR AND OFFICER ROLE

     In the event of termination of the employment of the Executive by the
     Company or by the Executive or by death or retirement, the Executive will,
     as of the date of termination, resign from any officer and/or director
     position with the Company.

11.  GOVERNING LAW

     This Agreement will be construed in accordance with and governed by the
     laws of British Columbia and the laws of Canada applicable in British
     Columbia.

12.  HEADINGS

     The headings used in this Employment Agreement are for convenience only and
     are not to be construed in any way as additions to or limitations of the
     covenants and agreements contained in it.

13.  ENUREMENT

     This Agreement will enure to the benefit of and be binding upon the
     respective successors and permitted assigns of the parties.

14.  TIME

     Time is of the essence.

15.  ASSIGNMENT

     The Executive may not assign this agreement The Company may assign this
     Agreement to any entity that is a successor to the business, or
     substantially all of the business, of the Company or is an affiliated or
     related the Company, within the meaning of the British Columbia Business
     Corporations Act.
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IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day
and year first above written.

PINE VALLEY MINING CORPORATION

Per:

/s/ Jeffrey M. Fehn
----------------------------------------
CHAIRMAN

/s/ Martin Rip
----------------------------------------
MARTIN RIP
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                                    EXHIBIT A

<TABLE>
<CAPTION>
                                                     QUANTITATIVE    QUALITATIVE
                                                        FACTORS        FACTORS
             RESPONSIBILITIES                        (75% WEIGHT)   (25% WEIGHT)
             ----------------                        ------------   ------------
<S>                                                  <C>            <C>
Implement new accounting system by a date to be
decided                                                    X

Implement Sarbanes Oxley Compliance                        X

Prepare monthly  reporting package for board by
the third week of each month                               X

Ensure company compliance with all financial
reporting deadlines

Participate  in all  required  training to fulfill
job duties and to retain professional standing                            X

Coordinate activities of outside advisors (audit,
tax, legal)                                                               X

Draft MD&A to accompany financial reports                                 X

Function as a leader for PVM                                              X

Cash management, A/P, etc.                                                X

Assist team in preparation of budgets

Present on earnings webcasts                                              X

Prepare board packages                                                    X

Make presentations at investor and industry
conferences                                                               X

Assist in drafting and editing news releases                              X

Make recommendations on public disclosure issues
</TABLE><PAGE>
                                                                    EXHIBIT 4.43

                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                   (EMPLOYEE)

Notice is hereby given that, effective February 14, 2005 (the "Effective Date")
Pine Valley Mining Corporation (the "Company") has granted to Roy Fougere (the
"Service Provider"), an Option to acquire 100,000 Common Shares ("Optioned'
Shares") up to 5:00 p.m. Vancouver Time on February 14, 2010 (the "Expiry Date")
at a Exercise Price of Cdn$5.60 per share.

At the date of grant of the Option, the Company is classified as a Tier 1
company under TSX Venture Policies.

Optioned Shares will vest and may be exercised as follows:

(a)  12,500 shares on May 14, 2005; and

(b)  12,500 shares every three months thereafter until fully vested.

The grant of the Option evidenced hereby is made subject to the terms and
conditions of the Company's Share Option Plan, the terms and conditions of which
are hereby incorporated herein.

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 TSX Venture Exchange Policies.

PINE VALLEY MINING CORPORATION

/s/ Roy Fougere
-------------------------------------
Authorized Signatory

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