PGS Paget Minerals Corp.

Paget Minerals Corp. (TSX VENTURE:PGS) ("Paget" or the "Company") today
announced its 2012 exploration plans for the Ball Creek Project located in the
prolific Golden Triangle - Iskut Mineral District, northwest BC.


The Ball Creek Project covers over 520 square kilometers (52,442 hectares) of
contiguous mineral claims and hosts five gold-copper-molybdenum porphyry targets
and four gold-silver epithermal targets. Located just eight kilometers west of
Highway 37 and the Burrage Airstrip, and 36 kilometers northwest of the new
Northwest Transmission Line Substation at Bob Quinn, the Ball Creek Project lies
central to, and is the most accessible of, all the Iskut District's current
reserves/resources, including:


- Galore Creek - 528Mt @ 0.6% Cu, 0.32g/t Au - Proven & Probable (Teck/Novagold),

- Red Chris - 446Mt @ 0.36% Cu, 0.29g/t Au - Measured & Indicated (Imperial
Metals), and


- Schaft Creek - 821Mt @ 0.25% Cu, 0.18g/t Au - Proven & Probable (Copper Fox
Metals) (see location map:
http://www.pagetminerals.com/i/maps/BallCreek/Ball-Creek-Project-Overview.jpg).


Exploration in 2012 will include grid-drilling to begin delineating a resource
at the Main Gold-Copper Porphyry (historical drill intersections of up to 195m @
0.75g/t Au and 0.22% Cu - see press release dated January 12, 2012), follow-up
the 2011 Rainbow Gold Porphyry discovery (drill intersection of 91m @ 0.76g/t Au
- see press release dated January 12, 2012) and the first drilling on the Valley
Gold-Silver epithermal target (historical surface sampling of up to 21g/t Au and
1,200g/t Ag from quartz-sulfide veins).


Mapping and sampling will also be completed on the Cliff Copper-Gold, Mess Creek
Copper-Gold-Molybdenum and North More Copper-Gold porphyries and the Ridge
Gold-Silver-Copper, HP Gold and Rojo Grande Gold epithermal targets during the
2012 exploration season.


David Volkert, President and CEO, stated, "The Ball Creek Project represents a
high potential project in the Golden Triangle - Iskut Mineral District. The
Project has the right address, multiple targets and has been explored in a
piecemeal fashion over its history. Paget will earn an undivided 100% interest
in the 52,442-hectare, contiguous claim block with the completion of the 2012
exploration program, subject only to a 2% Net Smelter Royalty, half of which may
be purchased by Paget at any time for $1,000,000, and certain subsequent
payments (see press release dated 14 April, 2011)."


"The Ball Creek Project lies entirely within Tahltan First Nation territory. The
Tahltan Nation, through an historic agreement on the Eskay Creek Mine and the
formation of the Tahltan Nation Development Council, has shown itself to be
progressive and business-oriented while maintaining strict environmental and
cultural protection standards. Over the past year, Paget has contracted Tahltan
companies or Tahltan joint venture partners for camp, drilling and helicopter
services, directly employing Tahltan Band members and maintains open and
informed relations with the Nation."


About Paget Minerals Corp.

Paget Minerals Corporation is a publicly traded resource company focused on
mineral exploration and the advancement of the company's priority Ball Creek
Project in British Columbia. The company hosts a 52,442-hectare, contiguous
mineral tenure package in the Golden Triangle - Iskut Mineral District located
just 8km west of Highway 37 and only 36km northwest of the new Northwest
Transmission Line Substation at Bob Quinn and neighbors three major mine
development projects in the Golden Triangle - Galore Creek, Schaft Creek and Red
Chris. In 2012, Paget will focus its BC exploration program on the Ball Creek
Project, as well as advancing its exploration in Mexico. Paget also maintains
its equity position in Trident Gold Corp. exploring for gold in Colombia. David
Volkert, President and CEO, serves as the Qualified Person under the definitions
of NI 43-101.


On Behalf of the Board of Paget Minerals Corp.,

David F. Volkert, President & CEO

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