For Immediate Release. Vancouver, British Columbia, August 22, 2013. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the “Company”) reports that the Company has resolved to settle debts totalling $200,000 ($180,000 of which is owed to two directors of the company) through issuance of 4,000,000 shares at $0.05 per share, to issue 2,000,000 units by way of private placements at $0.05 for proceeds of $100,000 for general working capital purposes, and to issue 1,000,000 shares in lieu of $62,000 in final outstanding cash option payments to fully complete purchase of 100% of the Haskins – Reed Cu-Pb-Zn-Ag-Au-Mo-Bi property in BC. The private placement units will consist of one common share and one common share purchase warrant at $0.10 exercisable for one year. All of the proposed share issuances are subject to the approval of the TSX Venture Exchange.
Pacific Bay Minerals Ltd.
David H. Brett, MBA,
President & CEO
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.