Mr. Reagan Glazier reports

PACIFIC BAY PRIVATE PLACEMENT UPDATE

The balance of Pacific Bay Minerals Ltd.'s non-brokered private placement announced on March 18, 2024, and March 26, 2024, will not be proceeding. The company closed a first tranche on May 13, whereby the company issued a total of 2.6 million hard units at five cents per hard unit and 1,178,144 flow-through units at seven cents per flow-through unit for aggregate total gross proceeds of $212,470.

About Pacific Bay Minerals Ltd.

Pacific Bay Minerals is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mining projects. Pacific Bay Minerals is focused on its 100-per-cent-owned properties located in British Columbia: the Sphinx Mountain rare earth project near Dease Lake in Northern British Columbia; and the Haskins Reed polymetallic project near Cassiar, B.C.

We seek Safe Harbor.