Management and Financing Update

The Company has made a number of additions to its management team, arranged a non-brokered private placement...

Trading Reinstatement

The Company has now filed its Annual Audited Financial Statements for the year ended December 31, 2019 and its Interim Financial Statements for the Period ended March 31, 2020.

Corporate Update

Due to complications arising from the Covid19 pandemic, the Company was unable to file its Annual Financial Statements as required by June 15th, 2020. As a result, the British Columbia Securities Commission issued a Cease Trade Order on June 19th, 2020 (the “CTO”) and the Company’s shares are temporarily suspended from trading.

Update on Annual Filings

Canadian Securities Administrators (“CSA”) issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filingsé

Wheaton Creek Property

Wheaton Creek... drill hole (DDH 86-1) that cut 4.9 gpt gold over 3.05 metres. Additional drilling is warranted over a 1.5 kilometre zone prospective for both high grade and low grade bulk tonnage gold mineralization.

Weaver Lake

...the first hole of a two-hole, 236 metre drill program at the Company’s 100% owned Weaver Lake gold property in the New Westminster Mining Division in southern BC returned assays of 2 g/t gold and 13.71 g/t silver over 4.61 metres.

Change of Directors

Pacific Bay Minerals is pleased to report that veteran geologist Frank Moyle, B.Sc., has joined the board of directors of the Company.

Haskins Reed Update

2011 drill hole 11BZ-10 targeting the B-Zone, intersected 14m grading 102.59 g/t silver, 0.52% copper, 4.96% zinc, and 0.29% bismuth.

Shares For Debt

The Company has issued 5,688,588 common shares (post-consolidation) at a deemed price of $0.10 per share to extinguish $568,858 of debts. These shares are subject to a hold period ending May 17, 2019.