Pacific Bay Drops “Consolidated” From Company Name; Symbol Changed to PBM


VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 21, 2008) – Mr. David H. Brett, President and CEO, Consolidated Pacific Bay Minerals Ltd. (TSX VENTURE:CBP) (the “Company”), reports that the Company has changed its name to Pacific Bay Minerals Ltd. in order to strengthen and streamline the Company’s brand. Effective the opening of trading Tuesday, July 22, 2008, the Company will trade under a new stock symbol, PBM. The name change was approved by the Company’s shareholders at its AGM held on June 25, 2008 and subsequently by the TSX Venture Exchange. There is no consolidation of capital. The Company currently has 48,753,165 common shares outstanding.

Consolidated Pacific Bay Minerals Ltd.

David H. Brett, MBA, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.