Mr. Charles Desjardins reports

PISTOL BAY DECIDES NOT TO PROCEED WITH PAKWASH SOUTH

Pistol Bay Mining Inc. will not be proceeding with the 100-per-cent option on the Pakwash South property (see news release July 29, 2019).

Charles Desjardins, president and chief executive officer of Pistol Bay, stated, "The company is excited about the additional prospects for gold in the vicinity of the recent Great Bear Resources discovery and have decided to concentrate its efforts in the new year to its Pakwash North and Pakwash East properties."

The Pakwash East block comprises 35 cells with an area of approximately 716 hectares (1,760 acres). It is 12.5 kilometres southeast of Great Bear Resources Dixie Ltd.'s property. It adjoins a 9,650-hectare claim group registered to Great Bear Resources.

The Pakwash North block comprises 106 cells over 2,174 hectares (5,370 acres). It lies 21 kilometres southeast of the Dixie Lake gold discovery now being explored by Great Bear Resources Ltd., and 44 kilometres southeast of the town of Red Lake (see NR dated Sept. 17, 2019).

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.

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