PGS Paget Minerals Corp.

Paget Minerals Corp. (TSX VENTURE:PGS), ("Paget" or the "Company") announced
today plans for the 2014 exploration season at the 100%-owned, 52,442-hectare
Ball Creek Gold-Copper Project (the "Project") in the Golden Triangle, Iskut
Region, northwestern British Columbia. 


David F. Volkert, President and CEO of Paget, stated "The Ball Creek Project is
host to a number of mineralized porphyries and epithermal targets within an area
of large gold-copper porphyry deposits that characterize this region of
northwestern BC. Overall, there are nine-gold-copper porphyry and gold-silver
epithermal targets within the Paget claim block. Accumulated exploration credits
have resulted in eliminating Paget's holding costs for the core claims at Ball
Creek until 31 December 2022. Exploration work to date has been focused on the
Main gold-copper porphyry target, which is located just eight kilometres from a
paved highway and air strip and thirty-six kilometers from the Northwest
Transmission Line substation and airstrip at Bob Quinn."


Comparisons of Golden Triangle Reserve and Resource Grades with Paget's Main
Zone Gold-Copper Porphyry Drill Results:




----------------------------------------------------------------------------
Project                                                              Cu Eq %
                                  Au g/t        Cu % Au Eq (iii)       (iii)
----------------------------------------------------------------------------
Ball Creek Project - Main                                                   
 Au-Cu Porphyry (i)             0.3-0.75   0.13-0.26   0.51-1.08   0.31-0.65
----------------------------------------------------------------------------
Galore Creek (ii)                   0.29        0.47        1.06        0.64
----------------------------------------------------------------------------
Schaft Creek (ii)                   0.19        0.27        0.62        0.38
----------------------------------------------------------------------------
Red Chris (ii)                      0.31        0.31        0.82        0.50
----------------------------------------------------------------------------
North ROK (ii)                      0.26        0.22        0.62        0.38
----------------------------------------------------------------------------



(i) Significant intervals from historic and 2012 drill programs, no
metallurgical assumptions made


(ii) All numbers reflect weighted averages using sourced data as of February 6,
2014 from, respectively: Teck Resources (December 31, 2012 data posted on
company website), Copper Fox Metals (Feasibility Report dated January 27, 2013),
Imperial Metals (February 2012 data posted on company website), Colorado
Resources (press release dated January 27, 2014).


(iii) AuEq and CuEq calculated from sourced data using $1250 gold and $3 copper
not adjusted for metallurgical recoveries


The planned 2014 exploration program will focus on other mineralized zones
within the Project claim block with the objective of bringing these targets to a
drill-ready stage as soon as possible, including the following:




--  Cliff Zone copper-gold porphyry: Possible nested porphyry with the Main
    Zone gold-copper porphyry noted above. Additional mapping and sampling
    to test stockwork veining with assays up to 0.74% copper and 0.15 g/t
    gold coincident with a magnetic low measuring 1,700 x 400m 
    
--  More Zone gold-copper porphyry: Follow-up mapping, sampling and
    trenching within the north-south gold mineralized zone (gold up to 0.9
    g/t) measuring 800 x 300m zone 
    
--  Mess Zone gold-copper porphyry: Follow-up to significant historic drill
    result of 40m @ 1.0 g/t gold (hole BE10) and trenching with coincident
    mapping and sampling over areas where historic soil and rock samples
    have returned grades of 0.1-1.0% copper and 0.36 - 3.1 g/t gold 
    
--  Ridge copper-gold porphry and epithermal gold-silver mineralization:
    Further mapping and sampling of the alkalic porphyry intrusive with
    associated skarn and hornfels development. Soil samples with values
    ranging from 100 to 500ppb gold have never been fully evaluated or
    drilled. Follow-up of the epithermal Au-Ag mineralization where sampling
    has returned values of 19 and 59 g/t Au and 106 g/t Ag in silica-sulfide
    breccias 
    
--  Valley Zone gold-silver epithermal: Additional reconnaissance of high-
    grade gold-silver structures (2m @ 21.0 g/t Au, 1200 g/t Ag) 
    
--  HP epithermal gold-silver: Additional reconnaissance of vein samples
    that returned an average 2.55 g/t Au and continuous chip sample that
    returned 59m @ 0.6 g/t Au 



Paget has received expressions of interest to jointly advance the Ball Creek
project and the Company will pursue these opportunities concurrently with the
planned program outlined above.


In addition to the Ball Creek Project, Paget has a portfolio of five gold,
silver, copper and molybdenum properties in BC (see www.pagetminerals.com). 


For a complete table of historical significant intervals and the 2012 drill
results at the Main Zone, please click:
http://www.pagetminerals.com/i/pdf/Summary_Intervals_2012-10-09.pdf 


To view maps and cross sections with historical and 2012 drilling at Main Zone,
please click: 

http://www.pagetminerals.com/i/pdf/1-main-target-geol-NR-oct12.pdf

The Ball Creek claim block is subject to a 2% Net Smelter Returns Royalty in
favour of Pembrook Mining Corp. ("Pembrook"), one-half of which can bought by
Paget for $1,000,000, and two payments of $2,000,000 each, the first upon
definition of an NI 43-101 compliant indicated and inferred mineral resource of
not less than 1,000,000 ounces of gold or gold-equivalent and the second on
completion of a positive feasibility study. 


About Paget Minerals Corp.

Paget Minerals Corporation is a publicly traded resource company focused on
mineral exploration and the advancement of its Ball Creek Project in British
Columbia, as well as the San Ricardo Project in Sonora, Mexico. Ball Creek
comprises of a 52,442-hectare, contiguous mineral tenure package in the Golden
Triangle - Iskut Mineral District located just 8km west of Highway 37 and only
36km northwest of the new Northwest Transmission Line Substation at Bob Quinn.
Ball Creek neighbors three major mine development projects in the region --
Galore Creek, Schaft Creek and Red Chris. Paget is also continuing its San
Ricardo Project and has an option to earn up to 60% of the 38,100-hectare
project located within the prolific porphyry and epithermal gold-silver-copper
belt of northern Sonora State, Mexico, from Sundance Minerals Ltd. David
Volkert, President and CEO, serves as the Qualified Person under the definitions
of NI 43-101.


On Behalf of the Board of Paget Minerals Corp.,

David F. Volkert, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paget Minerals Corp.
David Volkert
President & CEO
(778) 327-4449
www.pagetminerals.com

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