Pursuant to a directors' resolution dated May 15, 2018, the company has consolidated its capital on a one-new-for-two-old basis. The name of the company has not been changed.

Effective at the opening, June 1, 2018, the shares of Pistol Bay Mining Inc. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as an exploration/development company.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 24,173,824 shares are issued and outstanding

Escrow:  nil shares subject to escrow

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  PST (unchanged)

Cusip No.:  72433U 30 7 (new)