Mr. David Brett reports

PACIFIC BAY MINERALS LTD. ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION

Pacific Bay Minerals Ltd. has proceeded with a share consolidation, on the basis of one new share for five old shares, as was approved by shareholders at the annual and special meeting held on June 6, 2013. As a result of the consolidation, the 62,237,614 common shares that are currently issued and outstanding will be reduced to 12,447,539 shares. The board of directors of the company believe that the consolidation is necessary to access to additional financing for the further exploration of the company's properties.

The effective date for the consolidation is July 9, 2013. The postconsolidation common shares of the company will commence trading on the TSX Venture Exchange at the opening of the market on the effective date remaining under the symbol PBM.

Letters of transmittal describing the process by which shareholders may obtain new share certificates representing their consolidated common shares will be mailed to the registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation, and any fraction will be rounded down to the nearest whole number.

We seek Safe Harbor.