Pacific Bay Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation and development of mineral properties in Canada and Argentina. It primarily focuses on exploring for uranium, base and precious metals. Properties Watson Lake Claims, Yukon Territory: The company has a 70% interest in mineral claims. The property consists of 38 mineral claims covering an area of 794 hectares in southeastern Yukon Territory, approximately 135 kilometers northwest of Watson Lake. Nugget Mountain Claims, Caribou Mining Division, B.C: The company has a 100% interest in 14 mineral claims known as the Nugget Mountain Property. It owns a 100% interest in 2 post mineral claims in the Cariboo mining division. Haskins-Reed Property (British Columbia): The company has signed an option agreement to acquire 100% of the Haskins-Reed Property located in the Cassiar Mining District of North Central British Columbia. Regalo Property (Argentina): The company has an option agreement to acquire up to a 70% interest in the Regalo Property located in the Patagonia region of southern Argentina. Otish Mountain Matoush Claims, Quebec (Uranium Exploration): The company has a total of 285 mineral claims for uranium exploration in the Otish Mountains of central Quebec for a total area of 150 square kilometers. The company entered into an agreement with Strateco Resources Inc. (Strateco) whereby Strateco was granted the option to earn 60% interest in 277 of the company’s claims located in the Matoush area. Papaskwasati Claims, Otish Mountains, Quebec (Uranium Exploration): The company owns 622 claims in the Papaskwasati Basin of Quebec's Otish Mountains for a total of 333 square kilometers. The company also purchased an additional 151 claims for a total of 81 square kilometers in the Papaskwasati area. Mont-Laurier Claims, Quebec (Uranium Exploration): The company staked a total of 108 claims in the Mont-Laurier district of southern Quebec and holds a total of 63 square kilometers. Cueva del Chacho Claim, Argentina (Uranium Exploration): The company has acquired by staking the Cueva del Chacho property in La Rioja province, Argentina, consisting of a total of 30 square kilometers. Cerro Solo Basin Claims, Argentina (Uranium Exploration): The company has staked 3 cateos in Chubut province, Argentina, for a total of 300 square kilometers. The Cerro Solo Basin claims lie approximately 30 kilometers east of the Cerro Solo sedimentary uranium deposit. Dalziel Property: The company has acquired a 100% interest in five crown granted minerals claims, known as the Dalziel Property, located within its Haskins Reed polymetalic property near Cassiar in North Central British Columbia. Significant Events In September 2009, Pacific Bay Minerals Ltd. reported that the company has acquired, subject to regulatory approval, 100% of four mineral claims in the Slate Bay area of the Red Lake gold district in the province of Ontario, comprising 44 units and totaling 704 hectares . History The company was founded in 1983. It was formerly known as Consolidated Pacific Bay Minerals Ltd. and changed its name to Pacific Bay Minerals Ltd. in July 2008.