Options Granted

Pacific Bay Minerals Ltd. 1600 – 409 Granville Street Vancouver, BC, V6C 1T2 Phone: 604-682-2421 Fax: 604-682-7576

Options Granted

Vancouver, BC. Thursday, December 13, 2012. Mr. David H. Brett, CEO & President, Pacific Bay Minerals Ltd. (TSX-V: PBM, the “Company”) reports that the Company has granted 2,150,000 incentive stock options to directors, employees and consultants at an exercise price of $0.10 per share for a period of 2 years expiring December 12, 2014. The new options are primarily to replace options that recently expired.

ON BEHALF OF THE BOARD OF DIRECTORS

“David Brett”

David Brett President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.