Mr. Charles Desjardins reports

PISTOL BAY OPTIONS OUT DIXIE 17-20, RED LAKE, ONTARIO

Pistol Bay Mining Inc. has optioned out 75 per cent of its Dixie 17 to 20 claims in the Red Lake mining district to Infinite Lithium Corp.

The Dixie 17, 18, 19 and 20 properties consist of 67 claim units (1,072 hectares) located in the Confederation Lake greenstone belt, 35 kilometres southeast of Red Lake, Ont. The Confederation Lake belt is known to host numerous volcanogenic massive sulphide occurrences and deposits. This property will be renamed Dixie 10 Mile by Infinite Lithium.

The largest VMS deposit to date in this region is the South Bay mine, which produced, between 1971 and 1981, approximately 354 million pounds of zinc, 57.6 million pounds of copper and 3.74 million ounces of silver from 1.6 million short tons (grades of 11.06 per cent Zn, 1.8 per cent Cu and 72.7 grams per tonne Ag).

The three Dixie mineralized zones were explored by Selco in the 1977 to 1981 period, by Noranda in 1989 to 1992 and by Tribute Minerals Inc. between 2002 and 2009. Selco drilled a total of 40 diamond drill holes, Noranda drilled seven holes and Tribute Minerals drilled 11 holes.

Terms of this agreement:

1. Infinite Lithium will make the following cash payments to Pistol Bay:
   1. $15,000 on or before the date that is five business days after the exchange approval date;
   2. $10,000 on or before the date that is six months after the exchange approval date;
   3. $30,000 on or before the date that is 12 months after the exchange approval date.
2. Infinite Lithium will issue to Pistol Bay:
   1. 500,000 common shares of Infinite Lithium on of before the date that is five business days after the exchange approval date;
   2. 500,000 common shares of Infinite Lithium on or before the date that is 12 months after the exchange approval date.
3. Infinite Lithium will incur a total of $550,000 in exploration expenditures in or on the claims as follows:
   1. The sum of $250,000 on of before the first anniversary of the closing date;
   2. The sum of $300,000 on or before the second anniversary of the closing date.
4. Upon exercise of this agreement, Infinite Lithium will have the right to purchase an additional 15 per cent in these claims by paying an additional $30,000 plus issuing 500,000 shares of Infinite Lithium to Pistol Bay.

About Pistol Bay Mining Inc.

Pistol Bay is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholder value.

We seek Safe Harbor.