Sam Dan Friday, 10/11/19 04:39:13 PM Re: None Post # of 101 As expected first PP proposed by management - no comment "Pistol Bay Mining Inc. has arranged a private placement of up to 25 million units at a price of two cents per unit for total gross proceeds of up to $500,000. Each unit comprises one common share and one-half of one transferable warrant, with each full warrant entitling the holder to acquire an additional common share of the company at a price of five cents for a period of 12 months from the date of issuance. Proceeds of the private placement will be used as shown in the attached table. Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next five months. Finders' fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange. The private placement is subject to the acceptance of the TSX-V. Proposed financing $500,000 Proposed use of financing Geophysical budget 60,000 TSX filing fees 3,500 Accounting fees for Q1/Q2 8,000 Audit fees 48,000 Property payments outstanding 90,000 Core -- warehouse rental payments 14,000 Transfer agent 2,500 Legal 7,000 AGM budget 5,000 Loan repayments (non-related parties) 60,000 Professional fees (geologist and more) 50,000 Internet/phone 7,000 Consultants (non-related parties) 30,000 Related parties 15,000 Unallocated working capital 100,000 Total use of financing $500,000 About Pistol Bay Mining Inc. Pistol Bay 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."