Pacific Bay Flow-Through Financing Update

Vancouver, British Columbia, January 4, 2022

For Immediate Release. Vancouver, British Columbia, January 4, 2022. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”) announces that the $100,000 non-brokered private placement announced on the 14th of December, 2021, will not be proceeding.

David Brett, CEO

dbrett@pacificbayminerals.com

(604) 682-2421

Helder Carvalho, Vice President, Corporate Development

hcarvalho@pacificbayminerals.com

pacificbayminerals.com / Twitter / LinkedIn

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Pacific Bay Announces Flow-Through Financing