The TSX Venture Exchange has accepted for expedited filing documentation pertaining to an option agreement dated Feb. 9, 2017, between Pistol Bay Mining Inc. and Precambrian Ventures Ltd. (Greg Campbell), pursuant to which the company may acquire a 100-per-cent interest in four units, comprising approximately 64 hectares, located in the Gerry Lake area of Ontario, known as the Joy North property. In consideration, the company will make cash payments totalling $40,500 and issue a total of 1,005,000 shares as follows:

• Upon exchange acceptance, $3,000 cash and 55,000 shares;
• On or before first anniversary, 100,000 shares;
• On or before second anniversary, 100,000 shares;
• On or before third anniversary, 150,000, two diamond drill holes to depth of 600 metres;
• On or before fourth anniversary, $37,500 cash and 600,000 shares.