Mr. Charles Desjardins reports

PISTOL BAY SHAREHOLDERS APPROVE ALL MATTERS AT THE AGM

All resolutions were passed at Pistol Bay Mining Inc.'s annual general meeting, held on April 24, 2020.

Each of the nominees for election as a director listed in the company's information circular dated March 30, 2020, was elected as a director of the company for the ensuing year, and the number of directors was fixed at three. Charles Desjardins, Dave Bissoondatt and Glen MacDonald were all elected as directors of the company by a majority of the votes cast by shareholders present or represented by proxy at the meeting.

Manning Elliott LLP of Vancouver, B.C., will remain as the auditor of the company for the ensuing year until the next annual general meeting at a remuneration to be fixed by the directors.

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 the cannabis space, looking to enhance shareholders value.