PBM Pacific Bay Minerals Ltd

David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM)
(the "Company") reports that Strateco Resources Inc. ("Strateco") (TSX:RCS) has
commenced diamond drilling of uranium targets located on the Company's claims in
the Otish Mountains district of Quebec. The 1500 meter program, now underway,
follows intensive ground prospecting and geological work, focused on the
Company's South Rabbit Ears claims, where outcrops, in situ radiometric
anomalies, and radioactive boulder trains strongly suggest the potential of
Matoush-type uranium mineralization. Strateco can earn a 60% interest in the
Company's Otish Mountains claims by spending $3 million, paying the Company
$500,000, 200,000 shares of Strateco, and other consideration over four years.
At its nearby Matoush deposit, Strateco has outlined a drill-indicated mineral
resource of 250,000 tonnes grading 0.68 per cent U3O8 (containing 3.73 million
pounds U3O8)and an inferred mineral resource estimated to total 1.3 million
tonnes (grading 0.44 per cent U3O8) and containing 13.07 million pounds U3O8.


A large rock outcropping on Company claims in the South Rabbit Ears area ,
located near 2007 Strateco drill hole PB-07-01 and measuring 100 by 25 meters,
exhibits scintillometer readings ranging from 400 to 1100 counts per second.
This is in line with readings obtained in trenches at the Matoush deposit. A
second outcropping, to the south and of slightly greater size, returned similar
anomalous radiometric readings. These in-place radiometric "highs" suggest that
anomalous boulders traced to the target zone originated from nearby structures,
increasing the attractiveness of the drill targets.


"The Strateco team is applying its tremendous Otish Uranium expertise to search
for and develop high quality drill targets on our property," said Pacific Bay
CEO David H. Brett. "With uranium resources growing rapidly at the nearby
Matoush Deposit, the potential for another Matoush style uranium deposit on our
parallel structure is very encouraging."


The technical information contained in this news release has been reviewed and
approved by Ernie Black, P.Eng., a Qualified Person under policy NI43-101.


Pacific Bay Minerals Ltd.

David H. Brett, MBA, President & CEO

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