Pegasus Resources Inc (SLTFF)

[Sam Dan]

Obviously management is preparing for hoped for successful
drilling results on their holdings. Drilling and assay results should begin this month.

"PISTOL BAY ANNOUNCES ENGAGEMENT OF INVESTOR RELATIONS

Pistol Bay Mining Inc. has engaged Terry Bramhall of Clear Cut Communications, based out of Vancouver, B.C., to provide investor relations services to the company.

Clear Cut Communications will assist Pistol Bay in increasing public awareness by managing the company's corporate communications, marketing endeavours, and continuing engagement with shareholders, finance professionals and media contacts.

"I am pleased to be joining and assisting the Pistol Bay team during this pivotal time in the company's development," said Mr. Bramhall.

Clear Cut Communications will be paid $5,000 plus GST (goods and services tax) per month for an initial term of six months with the company having an option to renew for another six months. Clear Cut Communications will also be granted 200,000 stock options of the company, subject to regulatory approval, exercisable at six cents per share. The options will vest at a rate of 25 per cent per quarter from the date of the grant and will be exercisable for a period of five years.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource-driven blockchain applications."