VANCOUVER - Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) ('Pistol Bay' or the 'Company') reports that it has optioned out 75% of its Dixie 17-20 claims in the Red Lake Mining District to Infinite Lithium Corp. (ILI-TSX: V) (OTCQB: ARXRF).

The Dixie 17-18-19,20 properties ('Dixie Claims') consist of 67 claim units (1,072 hectares) located in the Confederation Lake greenstone belt, 35 kilometres southeast of Red Lake, Ontario. The Confederation Lake belt is known to host numerous Volcanogenic Massive Sulphide (VMS) occurrences and deposits. This property will be renamed 'Dixie 10 Mile' by Infinite Lithium Corp.

The largest VMS deposit to date in this region is the South Bay Mine, which produced between 1971 and 1981, approximately 354,000,000 pounds of zinc, 57,600,000 pounds of copper and 3,740,000 ounces of silver from 1,600,000 short tons (grades of 11.06% Zn, 1.8% Cu and 72.7 g/t Ag).

The three Dixie mineralized zones were explored by Selco in the 1977-1981 period, by Noranda in 1989-1992 and by Tribute Minerals Inc. between 2002 and 2009. Selco drilled a total of 40 diamond drill holes, Noranda drilled 7 holes and Tribute Minerals drilled 11 holes.

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholders value.

Forward Looking Statements

Statements included in this announcement, including statements concerning of the Company's plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, 'forward-looking statements'. Forward-looking statements may be identified by words including 'anticipates', 'believes', 'intends', 'estimates', 'expects' and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Contact:

Dave Bissoondatt

Tel: 604-613-3156

Email: dave@pistolbaymininginc.com

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