Pacific Ridge Grants Incentive Stock Options

Pacific Ridge Grants Incentive Stock Options

VANCOUVER, B.C., Jan. 12, 2018 -- Pacific Ridge Exploration Ltd. (TSX Venture:PEX) ("Pacific Ridge" or the "Company")

has granted incentive stock options under its 10% rolling stock option plan to certain directors and officers of the Company to

purchase a total of 200,000 common shares at $0.06 per share exercisable for a period of five years.

About Pacific Ridge

Pacific Ridge has assembled a portfolio of highly-prospective gold and base metal projects located in the Yukon, where its

board and management team have a track record of success. Its holdings include the Mariposa, Eureka Dome and Gold Cap

gold exploration projects in the Klondike-White Gold District, RC Gold in the Tintina Gold Belt and Fyre Lake in the Finlayson

District.

On behalf of the Board of Directors,

“Gerald G. Carlson”

Gerald G. Carlson

President & CEO

Pacific Ridge Exploration Ltd.

For further information, contact:

Pacific Ridge Exploration Ltd.

Gerald G. Carlson                                                            

President & CEO                                                              

Tel: (604) 687-4951                                                                                               

www.pacificridgeexploration.com

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.