Mr. David Brett reports

PACIFIC BAY CORPORATE UPDATE

Pacific Bay Minerals Ltd. has issued 1,089,285 common shares pursuant to the exercise of 1,089,285 warrants at eight cents prior to their expiry on May 13, 2026, for proceeds of $87,143. The proceeds were used to reduce accounts payable of the company. The remainder of the outstanding 3,778,144 eight-cents warrants expired May 13.

The company also advises that Philip Ellard, chief financial officer of Pacific Bay since February of 2025, has stepped down from his role as CFO. Pacific Bay corporate secretary Leanora Brett has been appointed CFO on an interim basis.

"I would like to thank Phillip for his top-notch professional services on behalf of Pacific Bay and wish him all the best moving forward," said Pacific Bay president and chief executive officer David Brett.

About Pacific Bay Minerals Ltd.

Pacific Bay's 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 150 drill holes, underground workings and significant exploration potential. Pacific Bay also recently signed an option agreement to acquire 100 per cent of the Mount Haskins claims, adjoining Haskins-Reed directly to the north. The company also owns 100 per cent of the Weaver gold project in Southern British Columbia, now under option/JV (joint venture) with Aurwest Resources Corp., whereby Aurwest can earn 50 per cent.