Pacific Bay Announces New CFO
Pacific Bay Announces New CFO
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2025) - Reagan Glazier, President and
CEO of Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports the
appointment of a new Chief Financial Officer. Longtime CFO Leanora Brett has stepped down and is
replaced by Philip Ellard, CPA. Ms. Brett remains Corporate Secretary of the Company.
Philip Ellard is a designated CPA with a Bachelor of Commerce Honours from the University of British
Columbia. His expertise includes providing financial reporting, go-public, taxation and regulatory support
services. Philip is also CFO of public issuers Neotech Metals Corp, MiMedia Holdings and Newpath
Resources Inc.
"Lea Brett's service and dedication to Pacific Bay is greatly appreciated and I look forward to working
with her as Corporate Secretary," said Reagan Glazier, President & CEO of Pacific Bay. "Philip Ellard
is a skilled and talented accounting professional who will help the Company execute its aggressive
growth strategy."
Brazil Update
The TSX Venture Exchange continues its review of the Company's proposed acquisition of an option to
acquire a 100% interest in Pereira-Velho Gold Project, located in inland Alagoas state, Brazil,
announced January 7
th
, 2025. Upon satisfactory review by the Exchange of technical information about
the Project, the Company expects that trading in the Company's stock will resume. Prior to trading
resumption, the Company will disclose additional technical information about the Project.
"With gold prices climbing, it's a good time to be acquiring quality projects," said Reagan Glazier,
President & CEO of Pacific Bay. "Our team is working hard to expedite the Pereira-Velho Gold
transaction and is excited about the prospect of exploring a project we all believe in strongly."
Pacific Bay Minerals Ltd. Per/
Reagan Glazier, President & CEO
Contact: Reagan Glazier, 403-815-6663,
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to the
timing for payment of the option payments, timing regarding any future financings of the Company
and timing for completion of future expenditures and plans relating to exploration of the Property, the
magnitude and quality of the Property and spending commitments. Such statements and information
are based on numerous assumptions regarding present and future business strategies and the
environment in which Pacific Bay will operate in the future. Certain important factors that could cause
actual results, performances or achievements to differ materially from those in the forward-looking
statements include, amongst others, the global economic climate, dilution, share price volatility and
competition, results of exploration activities and development of the Atlin Goldfields Property, risks
associated with the Agreement, including that the Agreement may be terminated or the option not
exercised, risks relating to regulatory approvals, and the ability of the Company to complete a private
placement financing. Although Pacific Bay has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Pacific Bay does not undertake to update any forward-
looking statements, except in accordance with applicable securities laws.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/240325