Received by email:
File: 2018-02-13 Rio Tinto Exercises Option on Pistol Bay's Block-CUranium Properties.pdf
Ph
--->one 604 369 8973
---> TSX-Venture: PST
Suite 70
--->0-838 W Hastings Street
V
--->ancouver, BC, V6C 0A6
RIO TINTO EXERCISES OPTION FOR PISTOL BAY
C-BLOCK URANIUM PROPERTIES
Vancouver, BC February 13, 2018: Pistol Bay Mining Inc. (TSX-V: PST) (Frankfurt OQS2) ("Pistol Bay" or
the "Company") is pleased to report that the Company has entered into an amending and final agreement with Rio
Tinto Canada Uranium Corp. ("RTCUC" or "Rio Tinto"), with regard to the C 4, 5 and 6 Uranium properties, whereby
Rio Tinto will make a final cash payment of $1,000,000 to Pistol Bay.
The C block of Uranium properties, located in the Athabasca Basin of Saskatchewan, is under option to Rio Tinto,
which has earned a 75-per-cent interest to date.
Under the 4th amending and final agreement, Rio Tinto will acquire an additional 25% interest in the Property (thereby
increasing its aggregate interest to 100%), by making a cash payment of $1,000,000 to Pistol Bay within 14 days from
the effective date of this final agreement. As part of this final agreement, no royalty is granted to Pistol Bay with
respect to the property under the agreement.
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base
metal properties in North America. The company has also created a subsidiary for resource driven blockchain
applications. For additional information please visit the Company website at www.pistolbaymininginc.com or contact
Charles Desjardins at pistolbaymining@gmail.com.
On Behalf of the Board of Directors
PISTOL BAY MINING INC.
"Charles Desjardins"
Charles Desjardins,
President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered specula
--->tive. Any and all other
resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward lookin
--->g statements involve risk
and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual res
--->ults may vary depending
upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not
--->limited to, general
economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits
--->the use of certain
terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to
--->be economically and
legally producible under existing economic and operating conditions.
File: 2018-02-13 Rio Tinto Exercises Option on Pistol Bay's Block-CUranium Properties.docx
---> Phone 604 369 8973
---> TSX-Venture: PST
Suite 700-838 W Hastings Street
---> Vancouver, BC, V6C 0A6
RIO TINTO EXERCISES OPTION FOR PISTOL BAY
C-BLOCK URANIUM PROPERTIES
Vancouver, BC - February 13, 2018: Pistol Bay Mining Inc. (TSX-V: PST) (Frankfurt - OQS2) ("Pistol Bay" or the "Compa
--->ny") is pleased to report that the Company has entered into an amending and final agreement with Rio Tinto Canada Uran
--->ium Corp. ("RTCUC" or "Rio Tinto"), with regard to the C 4, 5 and 6 Uranium properties, whereby Rio Tinto will make a
--->final cash payment of $1,000,000 to Pistol Bay.
The C block of Uranium properties, located in the Athabasca Basin of Saskatchewan, is under option to Rio Tinto, which
---> has earned a 75-per-cent interest to date.
Under the 4th amending and final agreement, Rio Tinto will acquire an additional 25% interest in the Property (thereby
---> increasing its aggregate interest to 100%), by making a cash payment of $1,000,000 to Pistol Bay within 14 days from
--->the effective date of this final agreement. As part of this final agreement, no royalty is granted to Pistol Bay with
---> respect to the property under the agreement.
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base meta
--->l properties in North America. The company has also created a subsidiary for resource driven blockchain applications.
---> For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardi
--->ns at pistolbaymining@gmail.com.
On Behalf of the Board of Directors
PISTOL BAY MINING INC.
"Charles Desjardins"
Charles Desjardins,
President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered specula
--->tive. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By thei
--->r nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factor
--->s that will or may occur in the future. Actual results may vary depending upon exploration activities, industry produc
--->tion, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautio
--->nary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms
--->, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be ec
--->onomically and legally producible under existing economic and operating conditions.
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