Mr. Charles Desjardins reports

PISTOL BAY GRANTS INCENTIVE STOCK OPTIONS

Pistol Bay Mining Inc. has granted an aggregate of 175,000 incentive stock options to a director of the company. The options are exercisable at 6.5 cents per share for a period of five years from the date of grant. The options have been granted under and are governed by the terms of the company's incentive stock option plan.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the cannabis space looking to enhance shareholder value.