Mr. Charles Desjardins reports

PISTOL BAY MINING INC. - CLARIFIES TECHNICAL DISCLOSURE

Pistol Bay Mining Inc. has issued this news release to clarify the company's previous disclosure. On Nov. 17, 2016, the company announced that it would file a National Instrument 43-101-compliant technical report by mid-April, 2017, to support Pistol Bay's mineral resource disclosure for the Arrow zone of its Confederation Lake project, southeast of Red Lake, Ont.

The company has not yet filed the required technical report, and accordingly, until such report is filed to support the previous Arrow zone mineral resources reported by the company, the company's mineral resource disclosure of the Arrow zone should not be relied upon. The company expects to file an NI 43-101 technical report respecting the property, known as the Garnet claim group, which includes the Arrow zone and the contiguous claims, including the Fredart (or Fredart Lake), Fredart West, Fredart East (or Fredart Creek), Garnet South, Garnet East and Lucky 7 claim blocks, by the week of Aug. 28, 2017.

The qualified person who has reviewed and approved the technical disclosure in this news release is Dr. Colin Bowdidge, PhD, PGeo, consulting geologist for Pistol Bay.

Technical information in this news release has been provided or approved by Mr. Bowdidge.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on precious and base metal properties in North America.

We seek Safe Harbor.