Pacific Ridge Grants Stock Options
Pacific Ridge Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2021) - Pacific Ridge Exploration Ltd. (TSXV:
PEX) ("
Pacific Ridge
" or the "
Company
") announces that it has granted incentive stock options to
various directors, officers, and consultants to purchase 850,000 common shares at an exercise price of
$0.105 per share exercisable for a period of five years. The options granted to various directors and
officers vest immediately. The 200,000 stock options granted to G2 Consultants, an investor relations
consultant, will vest 25% each quarter over a 12-month period. The stock options are subject to the terms
and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange.
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:
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/76624