Mr. David Brett reports

PACIFIC BAY ARRANGES $70,000 FINANCING

Pacific Bay Minerals Ltd. has arranged a non-brokered private placement of 1.4 million common share units at five cents per unit with one placee for proceeds of $70,000, subject to the approval of the TSX Venture Exchange. The proceeds will be used for exploration and general working capital purposes.

On Feb. 25, 2014, the company announced a private placement of two million units at five cents per unit. Subsequently, the company closed $75,000 of that placement in two tranches. The balance of that placement will not be proceeding.