The TSX Venture Exchange has accepted for expedited filing documentation pertaining to an amended option agreement dated March 20, 2017, between Pistol Bay Mining Inc. and 1544230 Ontario Inc. (Perry English and Julie English), pursuant to which the company may acquire a 100-per-cent interest in 15 mineral claims (125 units) covering approximately 2,000 hectares, located in the Confederation Lake greenstone belt, southeast of Red Lake, Ont., known as the Lucky 7 and Moth claims. In consideration, the company will make cash payments totalling $72,000 and issue a total of 2.3 million shares in stages as follows:

• Upon acceptance, $12,000 cash and 400,000 shares;
• First anniversary, $16,000 cash and 500,000 shares;
• Second anniversary, $20,000 cash and 600,000 shares;
• Third anniversary, $24,000 cash and 800,000 shares.

A 1.5-per-cent net smelter return royalty has been granted to the optionor, of which 0.75 per cent may be purchased at any time for $400,000.