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File: Attachment 2019.12.11  Pistol Bay Caps Financing at $250,000.docx

Phone 604 369-8973
TSX-Venture: PST
OTC/Pink Sheet: SLTFF
Suite 700-838 W Hastings Street
Vancouver, BC, V6C 0A6

  





Pistol Bay Caps Financing at $250,000

Vancouver, B.C. - December 11, 2019: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTF
--->F) ("Pistol Bay" or the "Company") reports that is closing the previously announced private placement (see PR dated Oc
--->tober 11, 2019) immediately for gross proceeds of $250,000.

CEO Charles Desjardins stated "In view of recent developments in the Dixie area of Red Lake, the Board has determined 
--->to not take on more dilution than is necessary at this time"

Closing is anticipated to occur December 16, 2019

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 is also actively pursuing the right opportunity in other resources to enhan
--->ce shareholders value. For additional information please visit the Company website at www.pistolbaymininginc.com or co
--->ntact Charles Desjardins at pistolbaymining@gmail.com.

On Behalf of the Board of Directors
 
PISTOL BAY MINING INC. 

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning of the Company's plans, intentions and expec
--->tations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking stateme
--->nts". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates
--->", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without 
--->limitation those relating to the Company's future operations and business prospects, are subject to certain risks and 
--->uncertainties that could cause actual results to differ materially from those indicated in the forward-looking stateme
--->nts.