Mr. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE:PBM) (the "Company" or "Pacific Bay") has learned that, in a reversal of
previous indications, the Hualapai Tribal Council has voted to ban uranium
mining on its Tribal lands which are located near the Grand Canyon in Arizona.
Through its partnership with Denver based Golden Eagle Minerals Ltd, the Company
had been negotiating with the Hualapai to acquire rights to explore and develop
uranium on Hualapai lands, which are underexplored and highly prospective for
uranium rich breccia pipe mineralization. The decision of the Hualapai comes
despite a detailed presentation by Golden Eagle to the Tribal Council outlining
the remote heath risks and low environmental impacts associated with breccia
pipe mining methods.


"The decision to ban uranium mining has come as a result of recent pressure from
their attorney who also works for the Navajo Nation. The Navajo Nation banned
uranium mining due to issues associated with abandoned mines/mills, groundwater
contamination and claims of cancer associated with Navajo workers in prior
mining operations. The Hualapai development scenario would be environmentally
protective with off-site milling, worker safety and no chance for groundwater
contamination since the deposits are quite different than those on Navajo
lands," responded Sean Muller of Golden Eagle in a Tribal council meeting. Sean
Muller was previously the Principal Geologist for the Council of Energy Resource
Tribes. In 1982, Mr. Muller successfully negotiated a uranium lease on the
Hualapai reservation with Energy Fuels that expired when the market price of
uranium dramatically dropped later in the mid-'80s.


Golden Eagle was invited back to continue discussions since in Indian country
perspectives and attitudes can change with time and need for economic
development. However, Pacific Bay and Golden Eagle believe that a reversal of
the decision in unlikely without significant further dialogue and education
regarding the minimal health risks associated with the type of uranium mining
proposed.


"We are very disappointed at this decision and believe a major economic
opportunity for the Hualapai has been passed over," said Company CEO David
Brett. "Golden Eagle's expert team of geoscientists, environmental specialists
and social impact consultants presented what I believe is a water tight case for
positive economic benefits with negligible environmental and health risks
associated with underground mining of breccia pipe style uranium deposits. The
team did their best to dispel common myths and misinformation about uranium
mining. I am hopeful that the Hualapai will remain open to the safe and
environmentally sound economic benefits that could accrue to them."


Pacific Bay and Golden Eagle continue to work together to in an effort to
develop working relationships with tribal groups to establish sustainable,
environmentally sound and economically beneficial exploration and mining
activities.


About Golden Eagle

Golden Eagle (www.goldeneagleminerals.com) is comprised of ex-employees of the
Council of Energy Resource Tribes and the Environmental Protection Agency who
recognize that mining and sustainable development are possible through
innovative economic planning and development of tribal expertise/knowledge in
environmental management. Currently they are working on such a program in
Central America and are negotiating with several uranium and mineral-rich
reservations elsewhere in North America. They would like to see Pacific Bay be a
part of this concept that would benefit indigenous people with prudent
development of their demonstrated mineral deposits.


Pacific Bay Minerals Ltd.

David H. Brett, MBA, President & CEO
Pacific Bay Minerals (TSXV:PBM)
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