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PEX.V ·

Pacific Ridge Adds Porphyry Copper Deposit Expert to Newly Formed Technical Advisory Committee

Management Changes

Pacific Ridge Adds Porphyry Copper Deposit

Expert to Newly Formed Technical Advisory

Committee

Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Pacific Ridge Exploration Ltd. (TSXV:

PEX) ("

Pacific Ridge

" or the "

Company

") is pleased to announce the appointment of James (Jim) M.

Logan, P.Geo., to its newly formed Technical Advisory Committee (the "

Committee

"). In addition to Jim,

the Committee includes Borden Putnam III (Committee Chair), an independent director, Dr. Craig Hart, a

technical advisor, Dr. Gerald Carlson, Executive Chairman, and Danette Schwab, Vice President

Exploration.

The Committee will utilize their wealth of knowledge to interpret the large volume of technical data for the

Kliyul copper-gold project and optimize drill targets for the upcoming 2021 drill program. In addition, the

Committee will assist Pacific Ridge evaluate new copper-gold acquisition opportunities.

"Pacific Ridge is very fortunate to have Jim join the Committee and bring his expertise in porphyry-

related ore deposits," said Borden Putnam III, the Chair of the Committee. "Jim has extensive

experience in the region hosting Kliyul and is quickly becoming involved interrogating the comprehensive

project exploration database and helping refine drill targeting ideas.

We look forward to Jim's

contributions to the program."

About Jim Logan

Jim is an expert on the geology of British Columbia's porphyry copper deposits, having worked in the BC

Ministry of Energy and Mines, where he carried out regional mapping and mineral deposit studies in

northwest BC (Stikine and Iskut rivers Cu-Au porphyry belt), central BC (Quesnel Cu-Mo and Cu-Au

porphyry belt), and southeast BC (Bayonne Au, Mo-W intrusion-related mineralized belt). After retiring

from the BC Geological Survey in 2015, he started his own consulting business. Jim is a Professional

Geoscientist registered in the Province of British Columbia and a fellow of the Society of Economic

Geologists. Jim obtained a B.Sc. degree from Brock University in 1977 and a M.Sc. degree from the

University of British Columbia in 1986.

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/75903