Pistol Bay Mining Inc. (TSX VENTURE:PST) ("the Company") reports that it has
received TSX Venture Exchange approval to amend the terms of the Portland
Graphite Property agreement originally announced February 2013. 


Under the terms of the amendment, John E. Riley and Steven J. Riley ("The First
Optionor" of the Option 1 Property Agreement dated March 5, 2012 - entered into
between The First Optionor and Zimtu Capital Corp. and MPH Consulting Limited)
has agreed, in exchange for 300,000 common shares of the Company, to extend the
due date for a $60,000 payment from March 4, 2014 until May 4, 2014.


The Company also reports that the Investor Relations agreement with STRIKE
Communications Inc., previously announced January 14 2014, has been terminated. 


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 

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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