Document:

<PAGE>
                                                                    EXHIBIT 4.44

                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                (SENIOR OFFICER)

Notice is hereby given that, effective February 14, 2005 (the "Effective Date")
Pine Valley Mining Corporation (the "Company") has granted to Martin Rip (the
"Service Provider"), an Option to acquire 300,000 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)  37,500 shares on May 14, 2005; and

(b)  37,500 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.

PINE VALLEY MINING CORPORATION

/s/ Martin Rip
-------------------------------------
Authorized Signatory<PAGE>
                                                                    EXHIBIT 4.45

                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                   (DIRECTOR)

Notice is hereby given that, effective this 9th day of March, 2005 (the
"Effective Date") Pine Valley Mining Corporation (the "Company") has granted to
Jeffrey Fehn (the "Service Provider"), an Option to acquire 250,000 Common
Shares ("Optioned' Shares") up to 5:00 p.m. Vancouver Time on the 9th day of
March, 2010 (the "Expiry Date") at a Exercise Price of Cdn$5.30 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)  31,250 shares on June 1, 2005; and

(b)  31,250 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.

PINE VALLEY MINING CORPORATION

/s/ Jeffrey Fehn
-------------------------------------
Authorized Signatory
<PAGE>
                                SHARE OPTION PLAN

                                OPTION COMMITMENT
                                   (DIRECTOR)

Notice is hereby given that, effective this 9th day of March, 2005 (the
"Effective Date") Pine Valley Mining Corporation (the "Company") has granted to
Graham Mackenzie (the "Service Provider"), an Option to acquire 500,000 Common
Shares ("Optioned' Shares") up to 5:00 p.m. Vancouver Time on the 9th day of
March, 2010 (the "Expiry Date") at a Exercise Price of Cdn$5.30 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)  62,500 shares on June 1, 2005; and

(b)  62,500 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.

PINE VALLEY MINING CORPORATION

/s/ Graham Mackenzie
-------------------------------------
Authorized Signatory<PAGE>
                                                                    EXHIBIT 4.46

                              EMPLOYMENT AGREEMENT

THIS AGREEMENT effective the 11th day of March, 2005.

BETWEEN:

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

         (the "Company")

         SAMUEL YIK, of 7730 Elliott St., 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, Operations of the Company. 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.

1.2  SERVICES

     The Executive will exercise the powers normally or usually associated with
     the position of Vice President, Operations and such other duties and powers
     as the Company may assign to the Executive from time to time (the
     "Services").
<PAGE>
1.3  TERM

     The Executive will commence providing the Services to the Company on March
     16th, 2005, or such other date as mutually agreed, 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$125,000 (the
     "Salary"), payable in bi-weekly installments less all required or permitted
     withholdings and remittances. The Company will review the Salary from time
     to time during the Term, which will include a review after the Executive
     has worked for 6 months, and may, in its sole discretion, increase the
     Salary.

                                        2
<PAGE>
3.2  OTHER COMPENSATION

     For the 2005/2006 fiscal year of the Company (from April 1, 2005 to March
     31, 2006) the Executive will be eligible for a discretionary bonus of up to
     25% of the Salary paid to the Executive in that fiscal year, based on the
     performance of the Executive assessed against the requirements established
     by the Company, In discussion with the Executive, within 60 days of the
     date the Executive starts work. The payment of any bonus for the 2005/2006
     fiscal year and the terms and conditions of a bonus plan, if any, after the
     2005/2006 fiscal year will be at the discretion of the Company.

     The Executive will be eligible to participate in the RRSP plan of 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 4 weeks'
     vacation within each calendar year, pro-rated for any partial calendar
     year, during the Term.

     The Executive wilt 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

                                        3
<PAGE>
     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 or in relation to carrying out the duties of the position.

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 flies, 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.

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

                                        4
<PAGE>
     (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.

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

                                        5
<PAGE>
     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 data 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. The Executive
     consents to the public disclosure of the employment of the Executive with
     the Company.

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 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.

                                        6
<PAGE>
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.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day
and year first above written.

PINE VALLEY MINING CORPORATION

/s/ Jeffrey M. Fehn
---------------------------------------
By: Jeffrey M. Fehn

Its: Chairman

/s/ Samuel Yik
---------------------------------------
SAMUEL YIK

                                        7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]