Mr. Charles Desjardins reports

PISTOL BAY CLOSES FINANCING

Pistol Bay Mining Inc. has closed a non-brokered private placement financing for total gross proceeds of $355,500.

The company has allotted and issued 7.11 million units at a price of five cents per unit. Each unit comprises one common share and one transferable warrant, with each warrant entitling the holder to purchase one additional common share of the company for a period of up to 18 months at a price of six cents.

The company will use the proceeds of the private placement for general working capital purposes. All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on Sept. 29, 2019. The private placement is subject to the final approval of the TSX Venture Exchange.

Doug McFaul has resigned as a director and chief financial officer of the company. The company would like to thank Mr. McFaul for his past services. Charles Desjardins, a current director, president and chief executive officer of the company, will assume the role of interim chief financial officer.

About Pistol Bay Mining Inc.

Pistol Bay 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 other resources to enhance shareholders value.

We seek Safe Harbor.