PGS: TSX-V

VANCOUVER, Dec. 20, 2013 /CNW/ - Paget Minerals Corp. (TSX-V: PGS), ("Paget" or the "Company") announces that it has granted a total of 775,000 incentive stock options (the "Options") to directors and officers of the Company. The Options are exercisable at $0.10 per share for a period of five years from the date of grant and shall vest as to 100% upon the first anniversary of the date of grant. The Options were granted pursuant to the Company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

About Paget Minerals Corp.
Paget Minerals Corporation is a publicly traded resource company focused on mineral exploration and the advancement of its Ball Creek Project in British Columbia, as well as the San Ricardo Project in Sonora, Mexico. Ball Creek comprises 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. Ball Creek neighbors three major mine development projects in the region -- Galore Creek, Schaft Creek and Red Chris. Paget is also continuing its San Ricardo Project and has an option to earn up to 60% of the 38,100-hectare project located within the prolific porphyry and epithermal gold-silver-copper belt of northern Sonora State, Mexico, from Sundance Minerals Ltd. 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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Paget Minerals Corp.