Consolidated Pacific Bay Minerals (CBP - TSXV)

Pacific Bay is a publicly traded company on the TSX Venture Exchange, symbol "CBP".  Pacific Bay is a junior exploration company, focused on exploring for uranium and gold in Argentina. The Company's Cerro Solo Uranium project and the Regalo Gold Project are located in the highly prospective Patagonia region of Chubut province. (18.6 million shares out, $0.11 current stock price)

Cerro Solo Uranium Project:
Pacific Bay has discovered several uranium showings on the Regalo property and in late June, announced an outcrop sample assaying 205 ppm uranium. This finding has prompted Pacific Bay to acquire additional claims to expand the Regalo property to protect all of its current uranium showings. The expanded Regalo Project (372 square kilometers) lies just to the north and west of the Cerro Solo uranium mine (estimated to hold 10.3 million pounds of uranium) in central Patagonia which is the subject of increasing international interest.
Pacific Bay has also filed for three exploration permits totalling 300 square kilometres based on favourable geology and proximity to the Cerro Solo, Cerro Condor and Los Adobes uranium deposits. Investors can expect various announcements as this new uranium play unfolds.


Regalo Gold Project:
The Regalo property has extensive gold (up to 1 gram gold) in dry-wash stream sediments and soils throughout the property. The company has recently completed first phase trenching of the Regalo and in the process outlined 4 new zones within the Regalo to focus on.  The objective of the first phase was to conduct grid soil sampling, back hoe trench and define potential target zones that can be drilled in 2005.   PacBay geologist think that the model for the Regalo gold mineralization may be an entirely new style of gold mineralization for central Patagonia, with the large size potential typical of sediment-hosted gold deposits, similar to Nevada.

In early March, at the Toronto PDAC, a well respected newsletter writer, Jim Steel of Mining Insights.com became familiar with the Regalo project and introduced Pacific Bay to his paid subscribers as "An intriguing Long Term Value Story".

Key Points:
-Well positioned in the Cerro Solo Basin Uranium play
-Uranium showings on Regalo property, now expanded
-Extensive and intensive gold anomalies throughout the property
-Large, complex epithermal alteration zones that are favorable for gold mineralization -Similar to Nevada, USA
-Unexplored new area of Argentina
-Partners with IMA Exploration  who have extensive knowledge of this area and great success.

For further information and head to our website at http://www.pacificbayminerals.com

Quoted from december

Consolidated Pacific Bay Minerals (CBP - TSXV)

Pacific Bay is a publicly traded company on the TSX Venture Exchange, symbol "CBP".  Pacific Bay is a junior exploration company, focused on exploring for uranium and gold in Argentina. The Company's Cerro Solo Uranium project and the Regalo Gold Project are located in the highly prospective Patagonia region of Chubut province. (18.6 million shares out, $0.11 current stock price)

Cerro Solo Uranium Project:
Pacific Bay has discovered several uranium showings on the Regalo property and in late June, announced an outcrop sample assaying 205 ppm uranium. This finding has prompted Pacific Bay to acquire additional claims to expand the Regalo property to protect all of its current uranium showings. The expanded Regalo Project (372 square kilometers) lies just to the north and west of the Cerro Solo uranium mine (estimated to hold 10.3 million pounds of uranium) in central Patagonia which is the subject of increasing international interest.
Pacific Bay has also filed for three exploration permits totalling 300 square kilometres based on favourable geology and proximity to the Cerro Solo, Cerro Condor and Los Adobes uranium deposits. Investors can expect various announcements as this new uranium play unfolds.


Regalo Gold Project:
The Regalo property has extensive gold (up to 1 gram gold) in dry-wash stream sediments and soils throughout the property. The company has recently completed first phase trenching of the Regalo and in the process outlined 4 new zones within the Regalo to focus on.  The objective of the first phase was to conduct grid soil sampling, back hoe trench and define potential target zones that can be drilled in 2005.   PacBay geologist think that the model for the Regalo gold mineralization may be an entirely new style of gold mineralization for central Patagonia, with the large size potential typical of sediment-hosted gold deposits, similar to Nevada.

In early March, at the Toronto PDAC, a well respected newsletter writer, Jim Steel of Mining Insights.com became familiar with the Regalo project and introduced Pacific Bay to his paid subscribers as "An intriguing Long Term Value Story".

Key Points:
-Well positioned in the Cerro Solo Basin Uranium play
-Uranium showings on Regalo property, now expanded
-Extensive and intensive gold anomalies throughout the property
-Large, complex epithermal alteration zones that are favorable for gold mineralization -Similar to Nevada, USA
-Unexplored new area of Argentina
-Partners with IMA Exploration  who have extensive knowledge of this area and great success.

For further information and head to our website at http://www.pacificbayminerals.com

DAMN!!! Sorry...I didn't see your post here on CBP.   I believe this one is the dark horse... Will be a pleasant surprise. Am wondering about those who didn't buy PDP PETROLIFERA PETROLEUM (PDP:TSX) http://www.petrolifera.ca/ -- saw it on my screen in November -- thought of jumping in -- should have, could have and didn't.  
PDP in Argentina -- CBP in Argentina. Need I say more?    

**Yahoo Finance**

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 19, 2006) - Mr. Guilford Brett, President of Consolidated Pacific Bay Minerals Ltd. (TSX VENTURE:CBP - News), ("the Company") is pleased to report that field work is underway on the Cueva del Chacho uranium property in La Rioja Province, Argentina where government surveys in the 1970's discovered significant surface radiometric anomalies. The Chacho property is PacBay's top priority among its Argentine uranium prospects because it lies on a favorable mineralized horizon 8 km to the north of the Los Colorados Mine which produced over 55,000 kg of uranium oxide in the 1990's. PacBay's geologists, led by Senior Consulting Geologist Dr. Richard Culbert, P.Eng, will be mapping and sampling the Chacho property to define drill targets in this exciting sedimentary roll-front uranium environment.

In Quebec, PacBay is encouraged by the early exploration results obtained by Nova Uranium in the province's Mount Laurier district. PacBay geologists have staked claims on-trend approximately 4 km to the north of Nova Uranium's key prospect where significant high grade uranium oxide values in drill holes and trenches were reported. Field work is planned for the spring of 2006 on the Mont-Laurier property.

The Company also wishes to report that it has closed its previously announced private placement financing whereby 2,000,000 units at $0.10 per unit were issued for proceeds of $200,000. Each of the units consists of one common share and one warrant to purchase an additional common share at $0.15. 1,672,500 warrants were issued with an expiry date of December 29, 2006 with a hold period expiry date of April 29, 2006 and 327,500 warrants were issued with an expiry date of January 17, 2007 with a hold period expiry date of May 18, 2006. A 10% finders fee in stock at $0.10 was payable on 1,500,000 of the shares resulting in the issuance of 150,000 common shares with hold periods of April 29, 2006 on 120,000 shares and May 18, 2006 on 30,000 shares.

ON BEHALF OF THE BOARD OF DIRECTORS

Guilford H. Brett, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.