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For Immediate Release / TSX VENTURE: CBP
August 9, 2006
Pacific Bay Granted 30 Additional Claims in the Matoush Area, Otish Mountains Uranium Basin, Québec
Vancouver, British Columbia, August 9, 2006 -- Mr. George Sanders, President, Consolidated Pacific Bay Minerals Ltd. (TSX Venture: CBP, the "Company") is to announce the granting of 30 additional mining claims by the province of Québec in the Matoush Area of the Otish Mountains uranium basin under an agreement with a private individual announced on July 18, 2006. PacBay's holdings in the Otish Mountains now total 120 claims representing an area of over 63 square kilometres (24 square miles) covering unconformity-related, vein-type uranium targets in the Matoush structure and along the SW rim of the Otish Basin adjacent to claim blocks held by uranium explorers Cameco Corporation, Strateco Resources, Inc. and others. PacBay plans to conduct airborne geophysics over these Otish Mountains Basin claims soon. Strateco recently announced very significant high-grade uranium mineralization in drill holes in the Matoush structure less than 4 kms to the south of PacBay's claims in an area originally discovered in the 1980's by Uranerz Exploration and Mining, Ltd.
George Sanders, P.Geo, President, and a Qualified Person under National Instrument 43-101 for the purposes of this News Release, states "These newly granted claims strategically position PacBay in the Matoush structure and surrounding area with its potential for high-grade uranium mineralization, and we have more claims pending in this exciting uranium play. We are aggressively moving forward on both our Otish Mountains and Mont-Laurier field exploration programs in the province of Québec."
Pacific Bay Minerals explores for uranium and precious metals with major projects in Québec and Argentina. A map showing the new PacBay claims and current claim status in the Matoush area has been posted to our website along with a cartoon cross section of the Otish Mountains Basin explaining these unconformity-related, vein-type uranium exploration targets. Please visit our website at www.pacificbayminerals.com for more information on all our programs.
On behalf of the Board of Directors:
"GEORGE SANDERS"
___________________________________
CEO & Director,
Cons. Pacific Bay Minerals Ltd.
If you can not view the maps in this email then please visit our website at https://www.pacificbayminerals.com/otish_mountain.shtml
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For Further Information Please Call:
1-800-670-6570 (Canada)
or 1-800-665-5101 (USA)
604-682-2421 (Local)
Email: ir@pacificbayminerals.com
Web: https://www.pacificbayminerals.com
Stock Quotation:
CBP : TSX VENTURE EXCHANGE
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
About Consolidated Pacific Bay Minerals Ltd.
PacBay is a Canadian Resource company actively exploring for uranium and gold in Argentina and Quebec. Drawing on over 100 years of combined experience, the Company's management has also acquired well located resource properties in British Columbia, and the Yukon.
George Sanders, M.Sc., P. Geo., President for Consolidated Pacific Bay Minerals Ltd., is the designated Qualified Person for PacBay on the above exploration project.
Maps
If you can not view the maps in this email then please visit our website at https://www.pacificbayminerals.com/otish_mountain.shtml
Forward Looking Statements
There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words “believes”, “may”, “plans”, will”, “estimate”, “continue”, “anticipates”, “intends”, “expects” and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Pacific Bay's exploration results and risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.