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PEX.V ·

Pacific Ridge Announces AGSM Results; Welcomes Harry Nijjar as New Chief Financial Officer

Management Changes Shareholder Meetings

Pacific Ridge Announces AGSM Results;

Welcomes Harry Nijjar as New Chief Financial

Officer

Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - Pacific Ridge Exploration Ltd. (TSXV:

PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that

the following directors were elected at its Annual General and Special Meeting ("AGSM") held on June

27, 2024: Gerald Carlson, Blaine Monaghan, Bruce Youngman (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 Pacific Ridge's rolling incentive

stock option plan (the "Plan") and the adoption of the Company's amended and restated articles

("Amended Articles"). The Plan and the Amended Articles are subject to TSX Venture Exchange

acceptance.

Further, the Company would like to announce that Pacific Ridge's long-serving CFO, Salvador Miranda,

retired at the AGSM. Harry Nijjar is the Company's new CFO. Pacific Ridge would like to thank Salvador

for his service and wishes him all the best in his retirement. Mr. Nijjar is a Managing Director of

Malaspina Consultants Inc. and provides CFO and strategic financial advisory services to his clients

across many industries. Mr. Nijjar is a CPA CMA and has a BCom from the University of British

Columbia.

The following officers were appointed after the AGSM: Gerald Carlson as Chairman, Blaine Monaghan

as President & CEO, Danette Schwab as Vice President Exploration, Harry Nijjar as Chief Financial

Officer, and Arie Page as Corporate Secretary.

About Pacific Ridge

Our goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's

flagship project is its 100% owned Kliyul copper-gold project, located in the Quesnel Trough close to

existing infrastructure. In addition to Kliyul, the Company's project portfolio includes Chuchi copper-gold

project, the RDP copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project,

all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located

in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band,

Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.

On behalf of the Board of Directors,

"Blaine Monaghan"

Blaine Monaghan

President & CEO

Pacific Ridge Exploration Ltd.

Investor Relations:

Tel: (604) 687-4951

Email:

[email protected]

Website:

www.pacificridgeexploration.com

LinkedIn:

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

Twitter:

https://twitter.com/PacRidge_PEX

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.

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,

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

Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. 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/214781