David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM)
(the "Company") reports that the Company has received results from a combined
geochemical and geological survey of its Ax Property in north central British
Columbia. This 5,664-hectare property is located approximately 40 km north of
Cassiar, 40 km southeast of Silvercorp's Silvertip Deposit, and 10 km north of
the Company's Haskins-Reed polymetallic property.


The Phase I exploration program was designed to target stratabound,
replacement-style silver-lead-zinc-copper mineralization, similar to the Silver
Tip Deposit, and confirm historical results from the property. Twenty-four rock,
259 soil and 2 silt samples were collected during the geochemical sampling
program.


Six kilometres of soil sampling grid lines were established over the central
part of the property. The most significant soil geochemical anomaly occurs
centrally within the grid area. Values within this anomaly range up to 0.6 g/t
Ag, 1164 ppm Pb, 5497 ppm Zn and 738 ppm Cu. These soil geochemical results
indicate the presence of linear geochemical anomalies that parallel the regional
stratigraphy, possibly reflecting stratabound mineralization.


The following table summarized the most significant rock assays values:



----------------------------------------------------------------------
                        Sample                                        
              Sample     width                                        
Sample          type        (m)  Ag (g/t)    Pb (%)    Zn (%)    Cu (%)
----------------------------------------------------------------------
AX10-5          Chip       2.0      21.5      0.52      1.05      0.46
----------------------------------------------------------------------
AX10-6          Chip       2.5      20.2      0.23      2.70      0.62
----------------------------------------------------------------------
AX10-8          Chip       0.7       4.3      0.41      0.07      0.03
----------------------------------------------------------------------
AX10-11         Chip       1.7      72.1     26.50      0.01      2.30
----------------------------------------------------------------------
AX10-12         Chip       1.4       1.9      0.67      0.01      0.29
----------------------------------------------------------------------
AX10-13        Float                 1.8      1.85      0.01      7.35
----------------------------------------------------------------------



The Company is currently interpreting the exploration results and planning a
2011 exploration program that should include both trenching and geophysical
surveying.


Samples were collected by Pacific Bay Minerals personnel and submitted for
analysis to ECO TECH LABORATORY LTD. in Kamloops, B.C.


Exploration work on the Ax project was supervised by Alex Walus, P.Geo., who is
the Qualified Person, as defined by National Instrument 43-101, for the Ax
exploration program and supervised the preparation of the technical information
in this release.


The company plans to follow up with a reconnaissance exploration program in the
2011 field season.
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