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File: PBMOct2014PP2.docx
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Pacific Bay Arranges $70,000 Financing
For Immediate Release. Vancouver, British Columbia, October 23, 2014. David H. Brett, President and CEO, Pacific Bay
---> Minerals Ltd. (TSX Venture: PBM, the "Company") reports that the Company has arranged a non-brokered private placemen
--->t of 1,400,000 common share units at $0.05 per unit with one placee for proceeds of $70,000, subject to the approval o
--->f the TSX Venture Exchange. The proceeds will be used for exploration and general working capital purposes.
On February 25, 2014, the Company announced a private placement of 2,000,000 units at $0.05 per unit. Subsequently, th
--->e Company closed $75,000 of that placement in two tranches. The balance of that placement will not be proceeding.
Pacific Bay Minerals Ltd.
Per/
David H. Brett, MBA,
President & CEO
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.
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