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File: PST NR Geotech April 12, 2017.docx


Phone 604 369 8973
TSX-Venture: PST
Suite 700-838 W Hastings Street
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PISTOL BAY TO COMMENCE VTEM(TM) SURVEY,
CONFEDERATION LAKE PROJECT, NORTHWEST ONTARIO

April 12, 2017: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2) ("Pistol Bay" or the "Company') is pleased to a
--->nnounce that the Company has contracted Geotech Ltd. of Aurora, Ontario to carry out a 1,128 line-kilometre helicopter
--->-borne survey of the central part of the Company's land position in the Confederation Lake greenstone belt, southeast 
--->of Red Lake, Ontario.  The survey will use Geotech's Versatile Time-Domain Electromagnetic (VTEM Plus) system, which i
--->ncludes a horizontal magnetic gradiometer.

Geotech Ltd. is an industry leader in airborne EM survey technology.  The VTEM Plus system delivers more power into th
--->e ground, and a better signal-to-noise ratio than previous VTEM systems, resulting in greater depth penetration and be
--->tter conductor resolution.  Pistol Bay anticipates that this survey will explore the survey area to a significantly gr
--->eater depth than previous airborne surveys, the last of which was done 20 years ago.

Charles Desjardins, President of Pistol Bay commented, "We are very excited about the potential of this new survey.  W
--->e will essentially be exploring a new depth slice of this greenstone belt with its numerous VMS deposits and occurrenc
--->es, that has never been explored before.  This newer technology increases the chances of potentially finding a new zin
--->c-copper-silver deposit like the Arrow Zone, or the former producing South Bay mine".

The current VTEM survey is the first phase of a belt-scale survey, which will form part of a multi-disciplinary explor
--->ation program of the Confederation Lake greenstone belt, that is planned to extend over the next few years.

Technical information in this news release has been provided or approved by Colin Bowdidge, Ph.D., P.Geo., a Qualified
---> Person as the term is defined in National Instrument 43-101.  

About Pistol Bay Mining Inc. 

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on precious and base 
--->metal properties in North America.  For additional information please contact Charles Desjardins - pistolbaymining@gma
--->il.com - at Pistol Bay Mining Inc.

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.