Pacific Bay Completes Shares for Debt Transactions

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Pacific Bay Completes Shares for Debt Transactions

For Immediate Release. Vancouver, British Columbia, January 18, 2019, - David H. Brett, President and

CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the “Company”) reports that agreements to settle

debt with seven creditors, (including , certain directors, officers and insiders) as previously announced on

September 14, 2018, and December 21, 2018, have been completed. The Company has issued

5,688,588 common shares (post -consolidation) at a deemed price of $0.10 per share to extinguish

$568,858 of debts. These shares are subject to a hold period ending May 17, 2019.

Pacific Bay Minerals Ltd.

Per/

David H. Brett, MBA

President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Pacific Bay Minerals Ltd.

120 – 601 W. Cordova Street

Vancouver, BC, V6B 1G1

Phone: 604-682-2421