For Immediate Release. Vancouver, British Columbia, October 31, 2022. Mr. David Brett, President & CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”) reports that Helder Carvalho has resigned as Vice President of Corporate Development.

Pacific Bay has completed two diamond holes at the Atlin Goldfields Project (“the Property”) near the town of Atlin in northern British Columbia. The drilling encountered mineralization within the Property’s high grade Yellowjacket shear/vein system and assays are pending. Pacific Bay holds an option to acquire up to a 100% interest in the Property from Brixton Metals Inc.

Mr. Antonio Vespa, President & CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”) reports that diamond drilling has commenced at the Company’s Atlin Goldfields Project (“the Property”) near the town of Atlin in northern British Columbia.