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PBM.V ·

Pacific Bay Minerals Grants Incentive Stock Options

Share Capital & Compensation

Pacific Bay Minerals Grants Incentive Stock

Options

Vancouver, British Columbia--(Newsfile Corp. - February 6, 2024) - PACIFIC BAY MINERALS LTD.

(TSXV: PBM) "Pacific Bay" or the "Company," announces that the Company has granted 2,050,000

incentive stock options (the "Options") to officers and directors of the Company. The Options are

exercisable at $0.05 per share for a period of three years from the date of grant. The Options have been

granted under and are governed by the terms of the Company's Incentive Stock Option Plan.

About Pacific Bay Minerals

Pacific Bay currently has a portfolio of properties in British Columbia's "Golden Triangle" including the

Haskins Reed, 30km East of the Cassiar townsite, and Wheaton Creek projects. Short term focus will be

spent on exploring the two projects and identifying new targets within the highly prospective regions for

both precious and transitional metals.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities

legislation, concerning the business of the Company. Forward-looking information is based on certain

key expectations and assumptions made by the management of the Company. In some cases, you can

identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend,"

"plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and

variations of these terms and similar expressions, or the negative of these terms or similar expressions.

Forward-looking statements in this press release include that statements relating to the Company's

business plans and strategies, statements regarding mineral exploration activities, the Company's

business plans, and other matters. Although the Company believes that the expectations and

assumptions on which such forward-looking information is based are reasonable, undue reliance should

not be placed on the forward-looking information because the Company can give no assurance that they

will prove to be correct. Since forward-looking statements address future events and conditions, by their

very nature they involve inherent risks and uncertainties. Actual results could differ materially from those

currently anticipated due to a number of factors and risks. These include, but are not limited to, risks

associated with the mineral exploration industry in general (e.g., operational risks in development,

exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates

and projections relating to production, costs and expenses, and health, safety and environmental risks),

constraint in the availability of services, commodity price and exchange rate fluctuations, changes in

legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from

potential delays or changes in plans with respect to exploration or development projects or capital

expenditures.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the

accuracy of the contents of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Reagan Glazier, President, CEO and Director

[email protected]

+1 403 815-6663

Pacific Bay Minerals Ltd.

PacificBayMinerals.com

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/196974