Pistol Bay Mining Inc. reported that it has received notice from Rio Tinto Canada Uranium Corporation ("RTCUC") of the upcoming proposed 1,800 meter diamond drill program and ground gravity survey for the Pistol Bay Mining C5 property, located in the Athabasca Basin, Saskatchewan. The program will have a combined budget of approximately $750,000. RTCUC has integrated the existing data available from the C-5 area including the historic drilling, geophysics, and geochemistry, into Arc GIS and Leapfrog 3D.

Based on the available datasets, several possible structural trends have been identified on the property and therefore, the drilling will be aimed at confirming the presence of some of these structures, while also testing them for mineralization. Historic drilling also indicates the presence of a quartzite unit on the property. One of the primary goals of the drilling will be to better constrain and define this unit: similar units are known to be spatially associated with mineralization in areas adjacent to the C-5 property.

RTCUC has identified a series of drill holes designed to confirm structural trends and test for uranium mineralisation. By better understanding the lithological and structural knowledge base at the C5 property, RTCUC will be able to refine and advance any further work on the property. The planned 2013 gravity survey has been designed to infill and extend the gravity survey completed in 2011 by Terra Ventures.

The objective of the survey is to extend the current data set and identify areas of potential alteration that may be related to mineralization. The survey will be completed at 50 meter station spacings along 100 meter spaced lines and will extend the coverage over the entire C-5 block property, which does not already have gravity data. This will amount to approximately 1,500 stations.