Pacific Ridge Announces AGM Results
Pacific Ridge Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2022) - Pacific Ridge Exploration Ltd. (TSXV:
PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the following
directors were elected at its Annual General Meeting held June 23, 2022: Gerald Carlson, Blaine
Monaghan, Bruce Youngman (an independent director), Borden Putnam III (an independent director),
and Gary Baschuk (an independent director). In addition, the shareholders re-appointed
PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Company and approved the
Company's rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares
will be reserved for issuance under the plan.
The plan is subject to TSX Venture Exchange acceptance.
The following officers were appointed after the Annual General Meeting: Gerald Carlson as Executive
Chairman, Blaine Monaghan as President & CEO, Danette Schwab as Vice President Exploration,
Salvador Miranda as Chief Financial Officer, and Arie Page as Corporate Secretary.
"Pacific Ridge has built a strong management team and board and I'm extremely confident in their
ability to execute and oversee the Company's biggest exploration season in decades,"
said Blaine
Monaghan, President & CEO.
"Crews are mobilizing to the Kliyul copper-gold project and I expect that
the fully funded 6,000 m diamond drill program will be underway in the first week of July.
This will be
the largest ever drill program to take place at Kliyul and will be focused on expanding mineralization
at the Kliyul Main Zone laterally and to depth."
About Pacific Ridge
Our goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's
flagship project is the Kliyul copper-gold project, located in the prolific Quesnel Trough, approximately 50
km southeast of Centerra Gold Inc.'s Kemess mine. In addition to Kliyul, the Company's project portfolio
includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold
project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British
Columbia.
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:
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 expectations that the fully funded 6,000 m diamond drill
program will be underway in the first week of July. 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. Forward-looking statements in this news release
include the potential for Onjo to host an alkalic porphyry copper-gold deposit at depth and plans to
launch an exploration program later this year with the objective of defining future drill targets. 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/128828