Pistol Bay Mining Inc.

Pistol Bay Mining Inc.

January 14, 2014 12:37 ET

Pistol Bay Retains STRIKE Communications Inc. for Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2014) - Pistol Bay Mining Inc. (TSX VENTURE:PST) ("the Company") is pleased to announce the engagement of STRIKE Communications Inc. to assist the Company with a strategic mix of corporate communications and investor relations services aimed at increasing investor awareness. The agreement, subject to TSX Venture Exchange approval, is for an initial period of three months, renewable on a monthly basis thereafter on mutual agreement.

Under the terms of the agreement, the Company will pay STRIKE Communications $8,000 per month plus applicable taxes. In addition, Strike Communications will receive 300,000 options according to the Company's stock option plan and the policies of the TSX Venture Exchange. In accordance with exchange regulation TSX Policy 4.4, Section 2.3 (b), these options will vest over a period of 12 months.

STRIKE Communications Inc. is a full service corporate communications and investor relations firm specializing in helping public junior mining and emerging mineral exploration companies listed on the TSX Venture exchange develop and expand market recognition through effective, results-oriented marketing and communications.

The Company further announces that it has arranged a non-brokered private placement of up to 4,000,000 units for total proceeds of up to $240,000, subject to the approval of the TSX Venture Exchange.

Up to 4,000,000 units will be issued as non flow-through units at a price of $0.06 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing.

The proceeds of the private placement will be used for general working capital. Finders fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

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 contact Charles Desjardins at Pistol Bay Mining Inc. or visit www.pistolbaymining.com.

On Behalf of the Board of Directors


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.

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