Pistol Bay Grants Options

Pistol Bay Mining Inc. (TSX VENTURE:PST) ("the Company") announces that pursuant
to its stock option plan, the Company has granted incentive stock options to its
directors, officers, consultants, and employees to purchase in the total of
225,000 common shares in the capital stock of the company, subject to regulatory
approval, exercisable for a period of five years, at a price of $0.05 per share.


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. 


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

Pistol Bay Mining (TSXV:PST)
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