Pacific Bay Minerals Ltd. announced that the Company has identified new drill targets and refined its drill program through analysis and interpretation of the airborne magnetic, VLF, and radiometric surveys carried out by Precision GeoSurveys Inc. (Precision) over the Wheaton Creek Gold Property in Northern British Columbia. The objective of the analysis was to produce a 3D susceptibility model and identify geophysical areas of interest (GAI) with potential for gold mineralization. This process has identified several targets that are suitable for drilling. With reference to the map below, Pacific Bay is considering the following GAI as priority targets: GAI-10, GAI-9, GAI-11, GAI-7, and GAI-6. Over GAI-10 a number of factors that point to the increased probability of gold mineralization exist in conjunction, making this the highest priority area for future exploration. Additionally, GAI-10 represents the area within which the 1986 drillhole is found. This is an encouraging finding as DDH 86-1 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold observed and suggests this area may produce further positive drill results. The Company plans to proceed with the diamond drilling program in 2022. Wheaton Creek Highlights: 3,019 hectares of mineral tenures 100% owned by the Company; 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold; 5-year multi-year area based (MYAB) permit in good standing and Notice of work (NOW) application approved.