Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) announced soil and rock samples strongly anomalous in Rare Earth Elements ("REEs") from the Company's 100% owned Cueva del Chacho Property in La Rioja province, Argentina, with values up to 832 ppm Cerium and 338 ppm Lanthanum.

The press release is quoted as saying:

The strongly anomalous samples were taken in 2006 over zones of elevated radioactivity in an area of poor outcrop exposure during a uranium exploration reconnaissance program. Most of the radioactivity was determined to be caused by Thorium, but the two REE results included in the multi-element analysis package, Lanthanum and Cerium, were not reviewed at the time. In view of the newly increased interest in REEs, Pacific Bay is launching further investigation of the property.

Click here to access the entire press release ^[1]

Click here to access Pacific Bay Corporate Site ^[2]