Mr. David Brett reports

DIAMOND DRILLING AT THE BOULDER GOLD PROPERTY ENCOUNTERS BROAD PYRITIZED AND SILICIFIED ZONE

Pacific Bay Minerals Ltd. has completed a 246-metre diamond drill hole at its 100-per-cent-optioned Boulder gold property near the Turnagain River, approximately 60 kilometres east of the village of Dease Lake in the Skeena mining division, British Columbia.

The drill hole was collared on weakly pyritized clastic metasedimentary rocks exposed by recent placer gold mining. The lower half of the drill hole encountered highly altered, quartz-veined and sulphide-rich metasedimentary rocks.

Geological logging of the drill core is now being conducted and drill core samples are being prepared for analysis. The results of the drill core samples will be released when received and reviewed.

"Pacific Bay management is very encouraged by this diamond drill hole as it has encountered well-mineralized material in a geological setting favourable for lode gold deposition," said Pacific Bay chief executive officer David Brett. "Only the assays will reveal if this hole has economic significance, but we now have an excellent target to focus future drilling."

The technical disclosures in this news release were reviewed and approved by Doug Blanchflower, PGeo, a qualified person, as defined by National Instrument 43-101.