Mr. Charles Desjardins reports

PISTOL BAY TO COMMENCE VTEM SURVEY, CONFEDERATION LAKE PROJECT, NORTHWEST ONTARIO

Pistol Bay Mining Inc. has contracted Geotech Ltd. of Aurora, Ont., to carry out a 1,128-line-kilometre helicopter-borne survey of the central part of the company's land position in the Confederation Lake greenstone belt, southeast of Red Lake, Ont. The survey will use Geotech's versatile time-domain electromagnetic (VTEM Plus) system, which includes a horizontal magnetic gradiometer.

Geotech is an industry leader in airborne electromagnetic survey technology. The VTEM Plus system delivers more power into the ground and a better signal-to-noise ratio than previous VTEM systems, resulting in greater depth penetration and better conductor resolution. Pistol Bay anticipates that this survey will explore the survey area to a significantly greater depth than previous airborne surveys, the last of which was done 20 years ago.

Charles Desjardins, president of Pistol Bay, commented: "We are very excited about the potential of this new survey. We will essentially be exploring a new depth slice of this greenstone belt with its numerous VMS deposits and occurrences, that has never been explored before. This newer technology increases the chances of potentially finding a new zinc-copper-silver deposit like the Arrow zone or the former producing South Bay mine."

The current VTEM survey is the first phase of a belt-scale survey, which will form part of a multidisciplinary exploration program of the Confederation Lake greenstone belt, that is planned to extend over the next few years.

Technical information in this news release has been provided or approved by Colin Bowdidge, PhD, PGeo, a qualified person as the term is defined in National Instrument 43-101.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on precious and base-metal properties in North America.

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