PST Pistol Bay Mining Inc

Pistol Bay Mining Inc. (TSX VENTURE:PST) ("the Company") is pleased to report
that it has acquired an extensive inventory of historical data resulting from
previous exploration and development work carried out on the Portland Graphite
property located in Southeastern Ontario. The Portland property is situated 1.6
km north of Highway 15, between Kingston and Ottawa. It is road-accessible and
consists of private lands covering approximately 429 hectares, located 5.5 km
northeast of the community of Portland, Ontario. Power and water are available
on-site and rail access is nearby.


Victoria Graphite Inc. carried out test mining and milling utilizing a 100 tonne
per day pilot plant in the early 1990's. The mill building is still present and
may potentially be an asset to the Company in terms of the ongoing development
of the property.


The recently acquired historical data from the Portland Graphite property
consists of the following material: 




--  Three (3) geophysical reports covering magnetic, VLF, Horizontal Loop EM
    and Mise-a-la-masse surveys - prepared by JVX Ltd. 1987 - 1988.
      
--  Diamond drilling reports from Victoria Graphite Inc. and J.P. Rollinson
    B. Sc. Geologist 1987 - 1989 providing all logging and sampling data for
    the 73 holes on the Portland property.
      
--  Five (5) engineering reports on the Evaluation of Portland Graphite
    Deposit, Leeds County, prepared by Robert H. Morse Ph. D., P. Eng from
    July 1986 to May 1989.
      
--  Metallurgical reports by I.M.D. Laboratories covering processing and
    flotation test work 1987 - 1989.



Paul Gorman, an advisor to the Company for the Portland Graphite property,
stated the following concerning the historical data - "This valuable historical
data will allow the Company to better design an efficient plan to advance the
project to a production decision as quickly as possible."


After thorough analysis of the historical data, the Company's plan - subject to
adequate financing -is as follows:




--  Complete a detailed geophysical survey to better outline stratigraphy,
    structure and high-grade mineralization.
      
--  3-D geological and mineralization models constructed based on review of
    the recently acquired historical data.
      
--  Stripping and mapping of former pit in spring 2014 in order to
    accurately sample and understand controls on mineralization, confirm
    previous metallurgical work.
      
--  First round of drilling focused on high-grade zones on detailed sections
    - planned summer 2014.
      
--  Prioritize areas with highest grade/best widths for 2nd round of
    drilling.
      
--  Initial 43-101 resource estimates, metallurgical, beneficiation studies
    planned completion in 2014 Q2/Q3 - all with the focus of fast-tracking
    the highest grading pod towards DFS and production decision.
      
--  Extensive marketing of Portland product to past customers as well as all
    major North American players - Portland product is well-known to the
    industry. 



About Pistol Bay Mining Inc. (TSX VENTURE:PST) is a diversified Junior Canadian
Mineral Exploration Company with a focus on graphite, precious and base metal
properties in North America.


For additional information please visit www.pistolbaymining.com.

On Behalf of the Board of Directors 

PISTOL BAY MINING INC. 

Charles Desjardins, President and Director 

Neither the 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. 

Cautionary note: 

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pistol Bay Mining Inc.
Charles Desjardins
President and Director
604-683-5445
604-687-9631 (FAX)
info@pistolbaymining.com
www.pistolbaymining.com

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