Pacific Bay Drills 14 Metres of 102.59 g/t (3.3 opt) Silver, 0.52% Copper, 4.96% Zinc, 0.29% Bismuth at Haskins-Reed

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Oct. 26, 2011) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company") reports that the Company encountered significant silver and base metal intercepts from its 11 hole, 1,245-metre drill program at its 100% optioned Haskins-Reed property near Cassiar in northern British Columbia, including 14 Metres of 102.59 g/t Silver, 0.52% Copper, 4.96% Zinc, and 0.29% Bismuth in the B-Zone. The Meteor Zone yielded 17.5 metres of 88.35 g/t silver, 3.39% zinc and 1.11% lead. Full results are reported in the table below.

Hole ID Zone FROM TO Total m Core Silver g/t % Lead % Zinc % Copper % Bismuth
11MZ-05 Meteor 23.9 30.6 4.45 6.7

11MZ-07 Meteor 4.85 22.35 17.5 88.35 1.11 3.39 - -

11MZ-08 Meteor 5.1 13.9 8.8 51.05 - 2.51 - -

11BZ-09 B-Zone 196.3 199.4 3.1 90.60 - 7.10 0.49 0.53

11BZ-09 B-Zone 205.7 218.95 13.25 18.52 - - 0.41 -
Including 205.7 209.95 4.25 - - - - 0.22

11BZ-10 B-Zone 182.1 196.05 13.95 102.59 - 4.96 0.52 0.29
Including 193.25 196.05 2.8 m 0.18% molybdenum

"The Haskins-Reed project continues to demonstrate strong grades over substantial widths," said Pacific Bay CEO David H. Brett. "Of particular interest is the bismuth content, which trades in the range of $11-13 per pound and is an increasingly important metal for a number of specialized industrial uses."

The technical disclosures in this news release were reviewed and approved by Doug Blanchflower, P.Geo., a Qualified Person, as defined by National Instrument 43-101.


Pacific Bay Minerals Ltd.

David H. Brett, MBA
President & CEO



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.



Contact Information

Pacific Bay Minerals Ltd.
Investor Relations
(604) 682-2421 or Toll Free: 1-800-670-6570
Toll Free: 1-800-665-5101 (USA)
(604) 682-7576 (FAX)
www.pacificbayminerals.com