Pacific Bay Arranges $70,000 Financing

Pacific Bay Minerals Ltd. 733 – 510 W. Hastings Street Vancouver, BC, V6B 1L8 Phone: 604-682-2421

Pacific Bay Arranges $70,000 Financing

For Immediate Release. Vancouver, British Columbia, October 23, 2014. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the “Company”) reports that the Company has arranged a non-brokered private placement of 1,400,000 common share units at $0.05 per unit with one placee for proceeds of $70,000, subject to the approval of the TSX Venture Exchange. The proceeds will be used for exploration and general working capital purposes.

On February 25, 2014, the Company announced a private placement of 2,000,000 units at $0.05 per unit. Subsequently, the Company closed $75,000 of that placement in two tranches. The balance of that placement will not be proceeding.

Pacific Bay Minerals Ltd.

Per/

David H. Brett, MBA, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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