Pacific Bay – Exploring Opportunities through Experience

Pacific Bay – Exploring Opportunities through Experience

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Overview

Pacific Bay Minerals Ltd. (CVE:PBM) is a Canadian resource company with a focus on uranium discoveries.

Highlights

• Major exploration underway in Otish Mountains, Quebec
• Uranium properties in Chubut, Province, Argentina
• Significant showings at Haskins-Reed Polymetalic property in BC
• Experience ranging from exploration through production

Project Summaries

Otish Mountains

The Otish Mountain Proterozoic Basin uranium district of central Québec contains uranium deposits similar to those in the prolific Athabasca Basin of Sasktechewan. The focus of Pacific Bay’s staking and acquisition effort has been the area immediately surrounding the Matoush high grade uranium deposit, discovered by Uranerz Exploration and Mining in the mid-1980′s. Strateco Resources Inc. has been exploring the Matoush deposit since 2005 and in September 2009 released a 43-101 report outlining an indicated mineral resources of 7.46 M pounds U3O8 grading 0.78% U3O8 and inferred mineral resources of 12.78 M pounds U3O8 grading 0.50% U3O8. These resources lie in the AM-15, MT-34 and MT-22 zones, and extend over a strike-length of 1.4 km. The Matoush structure has been traced 11 km to the south and 2.5 km to the north. In late October 2007, Pacific Bay Minerals Ltd. made a strategic decision to join forces with Strateco and option 60% of its 277 claims in the Matoush in order to consolidate the district into a single exploration block. Pacific Bay has combined its database with Strateco’s to prospect potential mineralized trends which extend through both companies’ claims.

Cerro Solo

Pacific Bay has two properties in the Patagonia region of southern Argentina: Cerro Solo claims and Regalo property. PacBay’s Cerro Solo claims lie to the east of the Cerro Solo uranium mine (estimated to hold 10.3 million pounds of uranium). The Cerro Solo claims include 3 contiguous uranium exploration concessions totaling 300 square kilometres (115 square miles) were acquired based on favorable geology and proximity to the Cerro Solo, Cerro Condor and Los Adobes uranium deposits. In April/May of 2006, Mega Uranium (MGA.TSX) conducted a reconnaissance RC drilling programme next to PacBay’s claims to investigate the projected extension of the mineralized zone eastwards from the Cerro Solo uranium deposit. The programme, comprising 26 widely spaced holes of 42-144 metre depths, included intersections of 2m @ 0.11% U3O8 and 1m @ 0.21% U3O8.

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Regalo Property

Pacific Bay’s 100% owned Regalo uranium property is located in the Patagonia Region of southern Argentina approximately 70 kilometers southwest of Pan American Silver’s world class Navidad silver-lead project. The Regalo property lies to the north-west of the Cerro Solo uranium mine (estimated to hold 10.3 million pounds of uranium) which is the subject of increasing international interest. The Regalo was originally explored for gold from 2004 to 2005 and hosts widespread epithermal- style alteration (learn more about the gold exploration below). In June 2005, Pacific Bay discovered an outcrop sample assaying 205 ppm uranium on the Regalo property and initiated further activities for its uranium potential. In 2007, Pacific Bay initiated a 400,000 KM airborne radiometric and magnetic survey at Regalo (cost, approx $400K by paid for by previous partner Aquiline). Completed in 2008, the survey identified numerous priority uranium targets.

Management

David H. Brett, MBA, President & CEO. David has 25 years of public company management and financing experience, including being president of the Pacific Bay from 1995 to 1999, and Managing Director from 1985 to 1992. This is David’s second term as CEO of the Company (as of Dec 2007). As former CEO and President of TSE listed Cusac Gold Mines Ltd. from 2004-2008 (CFO 1996-2004), David financed and oversaw the restart of gold mining operations in 2006, the acquisition of a 1 million ounce gold resource, and negotiated the successful merger with another public mining company in April of 2008. David is also CEO and founder of Knexa Solutions Ltd., an innovative information technology company focused on web-based collaboration and intellectual property trading. David obtained a BA from the University of British Columbia and an MBA from Simon Fraser University.

Guilford H. Brett, BA & B.Ed, Chairman. Mr. Brett is best known for his work with Cusac Gold Mines Ltd., he founded Cusac in 1965 and can be described as one of the more successful prospector/mining-man/financier personalities in the Vancouver mining industry. Under Mr. Brett’s astute management Cusac went public on the VSE in 1966, graduated to NASDAQ in 1980 and was listed on the TSE in 1987. Cusac is one of the few Vancouver mining juniors to “hit for the cycle” by taking a gold property from grass-roots exploration to profitable, full scale gold production. Mr. Brett’s mining experience and knowledge covers a wide variety of mineral projects from large scale porphyry deposits to epithermal gold environments. Mr. Brett brings this background and wealth of experience to the Board as President of Pacific Bay Minerals Ltd.
Douglas Blanchflower, P. Geo., Director. Mr. Blanchflower brings a wealth of exploration experience to the Pacific Bay team. Prior to founding Minorex Consulting in 1982, Mr. Blanchflower worked for a number of major mining firms. As President of Minorex, Mr. Blanchflower implemented innumerable exploration programs from grass-roots to advanced-stage throughout North & South American and Asia. Mr. Blanchflower has particular expertise in property evaluation, 43-101 technical report preparation and resource calculation.

E. Trent Pezzot, P.Geo., Consultant. Mr. Pezzot is a geophysicist with significant expertise in the analysis and interpretation of geophysical data including uranium exploration. A great deal of Pacific Bay’s exploration efforts to date have involved airborne geophysical surveys both in Quebec and Argentina. Trent’s technical skill and expert insight has been invaluable to the company. Mr. Pezzot is a “Qualified Person” under NI 43-101. The Company on Mr. Pezzot from time to time to review and approve of its technical disclosures, including the technical contents of this website.

James G. Evaskevich, Director. Mr. Evaskevich has 28 years of experience in the resources sector, and is currently president and chief executive officer of Yangarra Resources Inv., A TSX Venture Exchange-listed oil and gas company, and is also president and CEO of Cascadia International Resources Inc., A TSX Venture-listed exploration company.

Joel Tarrida, Director. Mr. Tarrida is a real estate developer and builder in Washington, and formerly worked in the banking sector with CIBC and the Canadian Western Bank. Mr. Tarrida brings a wealth of financing and banking experience to board.

Leanora Brett, Corporate Secretary/CFO. Lea brings 15 years of public company experience to the team, managing corporate governance for Pacific Bay.

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