HASKINS REED

Silver. Tungsten. Bismuth. Copper. Zinc. Lead. Gold.

102.59 GPT Silver (3.28 Ounces/ton) OVER 13.95 METRES

Della – B Zone:  2011 high grade drill-hole BZ11-10 intercept of 102.59 g/t silver, 0.52% copper, 4.96% zinc, and 0.29% bismuth over 13.95 meters.

High grade Skarn deposits similar in mineralization to the Couer Silvertip mine.

100% OWNED WITH SIGNIFICANT PRIOR EXPLORATION

  • 198 surface and underground drill holes.

  • 1,500 metres of underground development work

  • Comprehensive metallurgical studies

CASSIAR TERRANE IN ACTIVE SKEENA REGION

Situated on trend to Coeur Mining’s Silvertip mine (90 km to the north). Adjacent to Cassiar Gold’s Taurus property (1-million ounce gold bulk tonnage resource) and Table Mountain (past producing high grade gold mine and permitted 300 tpd mill).

HISTORIC RESOURCES ESTIMATES IN MULTIPLE MINERALIZED ZONES

THE B-ZONE WAS DRILLED FROM SURFACE & 1,500 METRES OF UNDERGROUND WORKINGS

According to a 43-101 Technical Report prepared for Pacific Bay Minerals in 2011 (available on SEDAR.com), the B Zone hosts skarn-type mineralization.

It occurs in three lenses with an aggregate length of 308 meters, an average true width of 8 meters, and a 40° dip. Historical estimates from a 1974 report by G.L. Lamont, PEng, indicate developed and inferred tonnage based on underground sampling, diamond drilling, and surface assays. The historical estimates include 369,000 tonnes of developed ore reserves at the 5060 level, grading 56.9 g/t silver, 0.53% copper, 2.77% zinc, 0.47% lead, and 0.24% bismuth, considered a reliable historical estimate by the report authors due to professional methods used at the time.

Additionally, 1,370,000 tonnes of inferred ore reserves were estimated, with an assumed grade of 56.9 g/t silver, 0.87% copper, 2.36% zinc, and 0.46% bismuth, based on geological continuity but with less reliable grade assignment due to insufficient sampling.

These historical estimates are disclosed in accordance with NI 43-101 Section 2.4. They are not current mineral resources or reserves, as a Qualified Person has not done sufficient work to classify them as such, and the Company is not treating them as current mineral resources or reserves. The estimates should not be relied upon until verified by further exploration and compliant reporting.

  • Developed Historical Estimate: 369,000 tonnes grading 56.9 g/t Ag, 0.53% Cu, 2.77% Zn, 0.47% Pb, 0.24% Bi (reliable based on sampling and drilling).

  • Inferred Historical Estimate: 1,370,000 tonnes with assumed grade of 56.9 g/t Ag, 0.87% Cu, 2.36% Zn, 0.46% Bi (tonnage reliable, but grade less so due to limited data).

  • Key Assumptions: Continuity of mineralization from surface to depth, based on 1974 data; no modern verification conducted.

Brett Zone High Grade Zinc

The Brett zone is situated immediately northwest of the Mount Reed stock.  Exploration work on the Brett massive sulphide zone comprised 14 line-km of soil sampling, 14 line-km of magnetometer surveying and nine diamond drill holes.

B Zone Silver, Lead, Zinc Copper Bismuth

The ‘B’ Zone is situated at the northern end of the Property.  Trenching, drilling and underground development has shown that skarn-hosted mineralization occurs as three lenses with an aggregate strike length of 308 m, an average true width of 8 m, and an average dip of -40° with strong vertical continuity.

In 1972 a shipment of approximately 90 kg of diamond drill core from the B Zone was submitted by Della Mines to Lakefield Research of Canada Limited.  Lakefield determined the head grade to be: 0.75% copper, 0.47% lead, 3.90% zinc, 0.33% bismuth and 120 gpt silver.  Lakefield found that better metal recoveries were obtained by selective flotation.

The Haskins-Reed Property is a Silver, Lead, Copper, Bismuth and Tungsten prospect with multiple mineralized zones outlined with 198 drill holes substantial underground development completed over a 50 year period of intensive work.

Since 2008, Pacific Bay has invested over $750,000 on the property, including diamond drilling, airborne geophysics, soil geochemistry and other surveys.

Haskins-Reed hosts multiple deposits previously explored separately by several large and small mining firms over the years. Pacific Bay has now compiled these zones into one contiguous property.