Pistol Bay Mining Inc. reported that it has received notice from Rio Tinto Canada Uranium Corporation that it mobilized a camp crew on January 5, 2014. Drilling is scheduled to commence on or around January 11, 2014. A total of approximately 2,500m of diamond drilling is proposed for the 2014 C-5 Block winter exploration program with a budget of $1,200,000.

The program is designed to test five to six holes within the Corridor A target area as a follow-up to mineralization intersected during the winter 2013 exploration program. Drilling is expected to take approximately six to seven weeks. Based on the results of previous exploration carried out by RTCUC, the current focus of exploration at the C-5 property are two quartzite units interpreted to be trending north-south within the southern portion of the project area.

These units are potentially analogous to those seen at the Phoenix and McArthur River deposits which lay in close proximity to the C-5 project area.