Pacific Bay Starts Exploration at Weaver Gold Property

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Pacific Bay (OTC: PBMFF)/b) announced it has commenced an exploration program at its Weaver Gold Property in southwestern British Columbia, where it is project operator. An exploration team has mobilized to conduct geological mapping, geochemical soil and silt sampling, prospecting and related work.The Weaver Gold Project is under option to Aurwest Resources, which can earn a 50% interest over three years. Program goals include testing gold-in-soil anomalies beyond historic workings, assessing strike extensions and additional structures, and refining geological controls on historic high-grade gold mineralization, according to Pacific Bay.

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Vancouver, British Columbia--(Newsfile Corp. - July 29, 2026) - David Brett, President & CEO of Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company"), reports that the Company has commenced exploration at its Weaver Gold Property in southwestern British Columbia. An exploration team has mobilized to the project to conduct a program of geological mapping, geochemical soil and silt sampling, prospecting and other work. The Weaver Gold Project is under option to Aurwest Resources Corporation (CSE: AWR) ("Aurwest"), whereby Aurwest can earn a 50% interest in the Property over three years. Pacific Bay is the operator of the Project.

The Weaver Gold Property report includes the first phase of work outlined by geologist Kristian Whitehead, P.Geo., with further details included in the previous Press Release issued January 27, 2026. The Weaver Gold Property report includes investigation of strong gold-in-soil anomalies from prior programs located well outside the historic drill collars and underground workings. The goals of the program are to investigate the potential for extending the strike length of the main vein, identify potential parallel or cross-cutting structures, and better understand the geological and structural controls of the historic high-grade gold occurrences.

The mobilized team who are currently onsite will execute the program planning and preparation which includes previously completed a historical drilling and geological research of the property, prepared and compiled updated project maps, built out the project's GIS database, and drafted the exploration plan to align with the detailed report on the project prepared by geologist Kristian Whitehead, P.Geo.

"We're excited to be on the ground again at Weaver Gold, looking to expand the area of interest in advance of potential geophysical exploration and drilling," said Pacific Bay President & CEO David Brett. "The location and accessibility of the Property enables cost-effective work without the often very high expense of mobilization to remote projects in BC."

The Weaver Gold Property, located in southwestern British Columbia approximately 13 kilometers north of Highway 7 near Harrison Mills, has demonstrated notable gold and silver mineralization through historical drilling. Past campaigns have returned impressive intercepts, such as 16.6 g/t gold and 91.9 g/t silver over 1.52 meters and 11.8 g/t gold and 44.6 g/t silver over 2.13 meters from the 1975 program, along with 8.61 g/t gold and 46.2 g/t silver over 3.05 meters and 2.06 g/t gold and 21.4 g/t silver over 6.10 meters from 1996 drilling. More recent 2018 results included 2.49 g/t gold and 7.52 g/t silver over 1.53 meters, underscoring the property's consistent mineralized intervals.

Figure 1 Property Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3362/307046_a0cdd418a4f5db1c_002full.jpg

The technical disclosures in this news release were reviewed and approved by independent geological consultant David Bridge, P.Geo., a Qualified Person, as defined by National Instrument 43-101. David Bridge is not an officer, director or employee of the Company.

About Pacific Bay Minerals

Pacific Bay's 100% owned Haskins-Reed Critical Minerals Project in northwestern BC is one of the leading exploration projects in the Cassiar Region. Located next to Cassiar Gold Corp. on Highway 37, Haskins-Reed hosts tungsten, copper, bismuth, silver, lead, and zinc in multiple high-grade polymetallic zones, over 150 drill holes, underground workings, and significant exploration potential. Pacific Bay also recently signed an option agreement to acquire 100% of the Mount Haskins claims, adjoining Haskins-Reed directly to the north. The Company also owns 100% of the Weaver Gold project in southern BC, now under option/JV with Aurwest Resources Corp. whereby Aurwest can earn 50%.

David H. Brett, MBA
President & CEO
Telephone: (604) 682-2421
Email: dbrett@pacificbayminerals.com

www.pacificbayminerals.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307046

FAQ

What did Pacific Bay (OTC: PBMFF) announce about the Weaver Gold Property on July 29, 2026?

Pacific Bay announced it has started an exploration program at the Weaver Gold Property in British Columbia. According to Pacific Bay, a field team is now on site conducting geological mapping, geochemical soil and silt sampling, prospecting, and preparation for potential future geophysical work and drilling.

Where is Pacific Bay’s Weaver Gold Property located and how accessible is it?

The Weaver Gold Property is in southwestern British Columbia, about 13 kilometers north of Highway 7 near Harrison Mills. According to Pacific Bay, the property’s location and road access allow cost-effective exploration, avoiding the high mobilization costs typical of remote British Columbia projects.

What option agreement exists between Pacific Bay (PBMFF) and Aurwest for the Weaver Gold Project?

The Weaver Gold Project is under option to Aurwest Resources, which can earn a 50% interest over three years. According to Pacific Bay, Pacific Bay remains the project operator while Aurwest’s earn-in structure is tied to this multi-year exploration and development framework.

What historic gold and silver drill results were reported at Pacific Bay’s Weaver Gold Property?

Historic drilling at Weaver returned notable intercepts, including 16.6 g/t gold and 91.9 g/t silver over 1.52 meters and 11.8 g/t gold and 44.6 g/t silver over 2.13 meters. According to Pacific Bay, later programs also reported several mineralized intervals with multi-gram gold and silver values.

What are the main objectives of the new exploration program at the Weaver Gold Property?

The program aims to investigate strong gold-in-soil anomalies outside historic workings, extend the main vein’s strike length, and identify parallel or cross-cutting structures. According to Pacific Bay, it also seeks to clarify geological and structural controls on historic high-grade gold occurrences.

Who is the Qualified Person for Pacific Bay’s Weaver Gold Property exploration program?

Independent geological consultant David Bridge, P.Geo., is the Qualified Person for the Weaver Gold Property. According to Pacific Bay, he reviewed and approved the technical disclosures, and is not an officer, director, or employee of the company, aligning with National Instrument 43-101 requirements.