Mr. Reagan Glazier reports

PACIFIC BAY ANNOUNCES NEW CFO

Reagan Glazier, president and chief executive officer of Pacific Bay Minerals Ltd., has discussed the appointment of a new chief financial officer. Long-time CFO Leanora Brett has stepped down and is replaced by Philip Ellard, CPA. Ms. Brett remains corporate secretary of the company.

Philip Ellard is a designated CPA with a bachelor of commerce honours from the University of British Columbia. His expertise includes providing financial reporting, go-public, taxation and regulatory support services. Mr. Ellard is also CFO of public issuers Neotech Metals Corp., MiMedia Holdings and Newpath Resources Inc.

"Lea Brett's service and dedication to Pacific Bay is greatly appreciated and I look forward to working with her as corporate secretary," said Mr. Glazier. "Philip Ellard is a skilled and talented accounting professional who will help the company execute its aggressive growth strategy."

Brazil update

The TSX Venture Exchange continues its review of the company's proposed acquisition of an option to acquire a 100-per-cent interest in Pereira-Velho gold project, located in inland Alagoas state, Brazil, announced Jan. 7, 2025. Upon satisfactory review by the exchange of technical information about the project, the company expects that trading in the company's stock will resume. Prior to trading resumption, the company will disclose additional technical information about the project.

"With gold prices climbing, it's a good time to be acquiring quality projects," said Mr. Glazier,president and CEO of Pacific Bay. "Our team is working hard to expedite the Pereira-Velho Gold transaction and is excited about the prospect of exploring a project we all believe in strongly."

We seek Safe Harbor.