Mr. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE:PBM) (the "Company" or "Pacific Bay"), reports that new rock sample
assays and soil geochemical results have confirmed a polymetallic showing and a
large polymetallic soil anomaly, on its 100% optioned Haskins-Reed property,
near Cassiar, BC. Following up of airborne geophysical results, which showed a
large magnetic anomaly (described in the Pacific Bay's September 19, 2008 news
release), Company crews discovered the 'MEE' zinc-copper-silver skarn occurrence
that assayed 10.18% zinc, 1.46% copper and 24 g/t silver over 0.7 metres. A soil
geochemical grid established near the Joe Reed silver-lead-zinc vein outlined a
large and strong multi-element anomaly, 800 metres long and 125 to 500 metres
wide.


The Haskins-Reed is a molybdenum, tungsten, silver, zinc, lead, copper prospect
that hosts over 12 separate mineralized zones; including skarn and porphyry
style occurrences, with historical drilling, underground workings and resource
delineation. The Company believes the Haskins-Reed has the potential to host
large scale porphyry deposits as well as skarn deposits of economic size and
grade.


The MEE showing opens up a new area of interest on the property. Exposed by hand
trenching over a limited area, the showing was examined by Jay Page, PGeo, on
behalf of Discovery Consultants. Page described the showing as a
magnetite-wollastonite-tremolite skarn, developed in a carbonate-rich rock,
containing bands of semi-massive magnetite, including concentrations up to 10 cm
thick of high-grade sphalerite and lesser chalcopyrite, along with some pyrite
and pyrrhotite. Several semi-parallel bands of magnetite and associated
sulphides have a maximum aggregated width of about 60 cm, within a zone 1.3 m
wide. Chip samples assayed 10.18% zinc, 1.46% copper, and 24 g/t silver, over
0.7 metres and 6.44% zinc, 0.38% copper and 10 g/t silver over 1.0 metre. A
panel chip sample over the whole showing assayed 6.55% zinc, 0.61% copper and 15
g/t silver.


In another sector of the property (please see maps posted to the Company's web
site for location and other data), south of the Joe Reed Vein, where Cominco
historically concluded that there was about 80,000 tons of "indicated and
inferred" mineralization grading 6.4 opt silver, 5.5% lead and 4.1% zinc, with
an average width of 5 feet (this resource is "historic" and not in compliance
with 43-101 requirements, should not be relied on by investors, and is included
only for reference), a significant airborne magnetic anomaly, outlined in 2008,
was tested by soil sampling. Results of the latter show a moderate to strong
zinc-lead-silver-arsenic-antimony-bismuth-gold anomaly over an 800-metre
north-south zone, measuring 125 metres to 500 metres in width.


Both the MEE showing and the Joe Reed multi-element soil anomaly warrant further
exploration. The Company plans additional prospecting, soil sampling and backhoe
trenching in the upcoming spring/summer season, to test these zones. In the
meantime, the Company is engaged in a compilation and interpretation of all
significant historical data on the property.


The technical information contained in this news release has been reviewed and
approved by Ernie Black, P.Eng., a Qualified Person under policy NI 43-101. All
assays reported in this news release were prepared by Acme Analytical
Laboratories of Vancouver, B.C.


Pacific Bay Minerals Ltd.

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