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PEX.V ·

Pacific Ridge Adds Geophysical Expert to Newly Formed Technical Advisory Committee

Management Changes Exploration Programs

Pacific Ridge Adds Geophysical Expert to

Newly Formed Technical Advisory Committee

Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - Pacific Ridge Exploration Ltd. (TSXV:

PEX) ("

Pacific Ridge

" or the "

Company

") is pleased to announce the appointment of Dan Core, Ph.D.,

to its Technical Advisory Committee (the "

Committee

"). In addition to Dan, the Committee includes

Borden Putnam III (Committee Chair), an independent director, Craig Hart and Jim Logan, technical

advisors, Dr. Gerald Carlson, Executive Chairman, and Danette Schwab, Vice President Exploration.

Dan will assist the Committee in evaluating and interpreting the large volume of technical data for the

Kliyul copper-gold project with the objective of optimizing drill targets for the upcoming 2021 drill

program. In addition, the Committee will assist Pacific Ridge in its evaluation of new copper-gold

acquisition opportunities.

"We are very pleased to welcome Dan to our technical team," said Gerry Carlson, Pacific Ridge's

Executive Chair. "Dan has excellent experience targeting within porphyry mineral systems, utilizing both

geological and geophysical data sets, and he has experience with our flagship Kliyul project. His

company, Fathom Geophysics, is at the forefront of computer modelling and interpretation of

geophysical data."

About Dan Core

Dan is Principal Geophysicist/ Geologist of Fathom Geophysics, a firm he co-founded in 2008,

specializing in geophysical and geoscience data processing and targeting services for the minerals and

petroleum exploration industries, from the regional scale through to the near-mine deposit scale. Prior to

forming Fathom, Dan spent a three-and-a-half-year stint in targeting roles with Geoinformatics

Exploration, where he worked on the Company's Kliyul project and other porphyry targets in the area. He

has also held internships with Conoco, Kennecott Exploration and ExxonMobil. He has carried out field

work in Chile, Mexico, Australia, the United States and Canada. Dan holds a PhD in geology from the

University of Michigan. During his doctoral research he undertook project work with geologists from

(then) Billiton, Teck, Phelps Dodge, Asarco, Kennecott, and Codelco. His undergraduate degree covers

the fields of geology and mathematics.

About Pacific Ridge

Our goal is to become one of the leading copper-gold exploration companies in British Columbia.

Pacific Ridge's flagship project is the advanced-stage Kliyul copper-gold project, located in the Quesnel

Trough, approximately 50 km southeast of Centerra Gold's Kemess project. Historic drilling at Kliyul

encountered significant porphyry copper-gold mineralization, drill hole KL-15-34 returned 245 metres of

0.75% CuEQ

1

(see Pacific Ridge press release dated December 2, 2020). The Company plans to

launch a drill program at Kliyul this summer.

On behalf of the Board of Directors,

"Blaine Monaghan"

Blaine Monaghan

President & CEO

Pacific Ridge Exploration Ltd.

Corporate Contact:

Blaine Monaghan

President & CEO

Tel: (604) 687-4951

www.pacificridgeexploration.com

https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-

https://twitter.com/PacRidge_PEX

Investor Contact:

G2 Consultants Corp.

Telephone: +1 778-678-9050

Email:

[email protected]

1

Copper equivalent (CuEQ) is equal to ((Cu (per cent) multiplied by $2.25 multiplied by 22.0642) plus

(Au (g/t) multiplied by $1,650 multiplied by 0.032151)) divided by ($2.25 multiplied by 22.0642).

Neither the 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.

The technical information contained within this News Release has been reviewed and approved by

Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as

defined by National Instrument 43-101 policy.

Forward-Looking Information:

This release includes certain statements that may be deemed

"forward-looking statements". All statements in this release, other than statements of historical facts,

that address exploration drilling and other activities and events or developments that Pacific Ridge

Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking

statements in this news release include statements regarding a drill program at Kliyul this summer.

Although Pacific Ridge believes the expectations expressed in such forward-looking statements are

based on reasonable assumptions, such statements are not guarantees of future performance and

actual results or developments may differ materially from those forward-looking statements. Factors

that could cause actual results to differ materially from those in forward looking statements include

market prices, exploration successes, and continued availability of capital and financing and general

economic, market or business conditions. These statements are based on a number of assumptions

including, among other things, assumptions regarding general business and economic conditions,

that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock

exchange and other regulatory requirements in a timely manner, the availability of financing for

Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service

providers to deliver services in a timely manner. Investors are cautioned that any such statements are

not guarantees of future performance and actual results or developments may differ materially from

those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to

update or revise its forward-looking statements, whether as a result of new information, future events or

otherwise, except as required by applicable law.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/83511