Mr. Charles Desjardins reports

PISTOL BAY MINING AMENDS TERMS OF FINANCING

Pistol Bay Mining Inc. has amended the terms of its non-flow-through units and flow-through units offered pursuant to the non-brokered private placement financing announced on May 17, 2018.

The company has amended the terms of up to four million units to be issued as non-flow-through units, which are now at a price of six cents per unit, consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for 18 months from the date of closing.

In addition, the company has amended the exercise price of the warrants attached to the flow-through units. Up to six million units will be issued as flow-through units at a price of eight cents per unit consisting of one common share and one-half of one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of 12 cents per share for 18 months from the date of closing.

Finders' fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering. The proceeds of the offering will be used for general working capital.

About Pistol Bay Mining Inc.

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

We seek Safe Harbor.