Mr. David Brett reports

PACIFIC BAY SIGNS WEAVER GOLD PROPERTY OPTION/JOINT VENTURE AGREEMENT

Pacific Bay Minerals Ltd. has signed a letter of intent with Aurwest Resources Corp., whereby Aurwest can earn a 50-per-cent interest in the company's 100-per-cent-owned Weaver gold project over three years (the LOI).

About Weaver gold project

Located in southwestern British Columbia's prolific East Harrison Lake belt, the property hosts strong potential for orogenic gold-silver mineralization hosted in structurally controlled quartz-carbonate vein systems, with historical exploration yielding impressive high-grade results, including up to 63.77 grams per tonne gold and 2,009.44 g/t silver from trench sampling, and multiple drill intercepts with multigram gold and silver over metre-scale widths.

Situated near excellent infrastructure with year-round access via paved highways and forestry roads, the 725-hectare property also offers secondary upside for magmatic nickel-copper sulphide mineralization, drawing parallels to the Pacific Nickel (Giant Mascot) mine. The company believes that Weaver gold warrants continued exploration, supported by its favourable geological setting, confirmed mineralization continuity, and untapped potential along strike and at depth.

"Pacific Bay welcomes this partnership with Aurwest and looks forward resuming exploration at Weaver gold in the near term," said Pacific Bay president and chief executive officer David H. Brett. "We are excited about the surging price of gold and believe Weaver Gold has significant potential."

Under the LOI, Aurwest can earn a 50-per-cent interest in the property by making cash and share payments over three years and completing exploration work as follows:

1. Upon signing of this agreement, $10,000 and 500,000 shares of Aurwest;
2. Upon receipt of regulatory approval, payment to Pacific Bay of $20,000 worth of common shares of Aurwest based on the 20-day volume-weighted average price of Aurwest (VWAP);
3. On or before the first anniversary of the LOI: $15,000 cash; $25,000 worth of Aurwest shares based on the VWAP; and $75,000 in exploration work on the property;
4. On or before the second anniversary of the LOI: $20,000 cash; $75,000 worth of Aurwest shares based on the VWAP; and an additional $100,000 in exploration work on the property;
5. On or before the third anniversary of the LOI: $25,000 cash; and $75,000 worth of Aurwest shares based on the VWAP; and an additional $150,000 in exploration work on the property.

"The Weaver gold project represents and exciting opportunity for Aurwest to get into the gold exploration sector in B.C.," said Aurwest chief executive officer Cam MacDonald. "We're looking forward to getting to work on this high-potential project."

About Pacific Bay Minerals Ltd.

Pacific Bay's flagship, 100-per-cent-owned Haskins-Reed critical minerals project in northwestern British Columbia is one of the leading exploration projects in the Cassiar region. Located next to Cassiar Gold Corp. on Highway 37, Haskins-Reed hosts tungsten, copper, bismuth, silver, lead and zinc in multiple high-grade polymetallic zones, over 125 drill holes, underground workings and significant exploration potential. The company also owns 100 per cent of the Weaver gold project in Southern British Columbia.

The technical disclosures in this news release were reviewed and approved by David Bridge, PGeo, a qualified person, as defined by National Instrument 43-101.

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