Pacific Bay Announces Addition of Technical Advisory Board and Changes to Management

For Immediate Release. Vancouver, British Columbia, September 2, 2022. Antonio Vespa, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”)  announces that Linda Dandy, P.Geo., has joined the Company’s Technical Advisory Board. The Company also reports that, Sebastien Ah Fat has resigned as Vice President of Exploration of the Company, effective immediately.

“We are excited to welcome Linda to our technical team” said David Brett, Chair of Pacific Bay. ““Linda brings over 40 years of mining and exploration experience to Pacific Bay, most notably in orogenic gold deposits of the North American Cordillera.  She has a solid understanding of the Atlin Goldfields Project after planning and supervising the majority of the exploration drilling and mine development work previously completed on the property.   Linda has been working closely with management in preparing us for an exciting exploration campaign.”

“Sebastien he played an important role in acquiring the Atlin Goldfields Option. On behalf of the board of directors and the management team, I thank Sebastien and wish him all the best in the future,: said Antonio Vespa, President & CEO of Pacific Bay. “Under Linda’s guidance, we’ll begin advancing Pacific Bay’s flagship project with an upcoming drill program aimed at defining this potentially world class asset.”

About Pacific Bay Minerals Limited

Pacific Bay Minerals is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of mining projects. Pacific Bay Minerals is focused on advancing its flagship project, Atlin Goldfields, located in Atlin, British Columbia, with a 56,569-hectare package of mineral tenures. The company also holds 100% interest in three mineral properties located in British Columbia: Wheaton Creek Gold, Haskins Reed, and Weaver Gold.

On Behalf of the Board of Directors

Antonio Vespa, President and CEO
(604) 682-2421

IR Contact:
Helder Carvalho, Vice President, Corporate Development / Twitter / LinkedIn

This news release contains “forward‐looking statements” within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to: the expected size and use of proceeds of the Offering, the timing for and expected completion of a definitive option agreement, plans relating to exploration of the Property, the magnitude and quality of the Property, spending commitments, and regulatory approvals (including approvals of the TSXV). Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition, results of exploration activities and development of the Property, risks associated with the completion of a definitive option agreement for the Property or that any such agreement may be terminated or the option not exercised, risks relating to regulatory approvals, and the ability of the Company to complete the Offering as contemplated or at all. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.