PEX.V · 2024-12-30 12:00:00

Pacific Ridge Provides Overview of 2024 Activities and Plans for 2025

Corporate Updates

Pacific Ridge Provides Overview of 2024

Activities and Plans for 2025

Vancouver, British Columbia--(Newsfile Corp. - December 30, 2024) - Pacific Ridge Exploration Ltd.

(TSXV: PEX) (OTCQB: PEXZ) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to provide

an overview of its 2024 activities and its plans for 2025.

2024 Highlights:

Raised $3,467,999 to advance the Chuchi copper-gold porphyry project ("Chuchi"), the Kliyul

copper-gold porphyry project ("Kliyul"), and the Redton copper-gold porphyry project ("Redton"), all

located in the prolific Quesnel terrane in northcentral British Columbia (see Figure 1).

Completed its inaugural diamond drill program at Chuchi (see news release dated November 25,

2024). Drilled 2,716 m in five holes testing a 750 m strike length at the BP Zone ("BPZ")(see

Figures 2 and 3). Four of the five drill holes were among the best-ever recorded at Chuchi, which

suggests that historical drilling results are reliable and that there is greater continuity of

mineralization across BPZ than previously known.

Completed an airborne Z-Axis Tipper Electromagnetic (ZTEM) survey at its 100% owned Kliyul

(See news release dated November 14, 2024). The results of the ZTEM survey bolster the

Company's confidence that the final drill hole of the 2023 exploration program, drill hole KLI-23-

069, intersected a mineralized quartz diorite porphyry stock, believed to be the mineralizing or

source pluton. Further, the results also suggest that Pacific Ridge has only drilled one part of the

porphyry system at the Kliyul Main Zone ("KMZ") exposed in the valley bottom and that much of the

system remains undiscovered and hidden to the north where a large MVI magnetic anomaly

underlies historical surface showings, the Klip occurrence and the Pacific Sugar occurrence (see

Figures 4 and 5).

Completed an induced polarization ("IP") survey at its 100% owned Redton, which adjoins the

eastern boundary of NorthWest Copper Corp.'s ("NorthWest") Kwanika (see news release dated

October 15). The IP survey confirmed a porphyry exploration target, the NEX target, within 3 km of

NorthWest's Kwanika South Zone copper-gold-molybdenum porphyry deposit (see Figure 6).

2025 Plans:

Pacific Ridge will seek to diversify its project portfolio by acquiring a copper porphyry project(s)

located in the United States. Currently, all five of the Company's copper-gold porphyry projects are

located in British Columbia. Pacific Ridge has been actively evaluating opportunities using the

following criteria: discovery potential, road accessible, ability to conduct exploration on a year-

round basis, can acquire a 100% interest, and located on Bureau of Land Management or

patented land in a mining-friendly state. The Company expects to announce an acquisition(s)

sometime in Q1, 2025.

During H1, 2025, Pacific Ridge will start the process of spinning out its Yukon gold projects into a

new company. The Company's Yukon project portfolio includes the Mariposa gold project

("Mariposa"). Drill highlights at Mariposa include drill hole 11-MP-01 which returned 6.44 g/t gold

over 11.1 m within 2.44 g/t gold over 39 metres (see news release dated July 28, 2011).

Pacific Ridge will actively pursue a joint venture partner to advance Kliyul and to test the thesis that

much of the porphyry system at KMZ remains undiscovered and hidden to the north.

Quote

"We are very excited about our future plans,"

said Blaine Monaghan, President and CEO of Pacific

Ridge.

"Acquiring a copper porphyry project or projects in the United States complements our existing

corporate strategy, copper-gold porphyry exploration in British Columbia, and will expand our footprint

into areas that include some of world's largest copper porphyry mines. I look forward to providing

further updates regarding our plans over the weeks and months ahead."

Figure 1

Location of Pacific Ridge's Copper-Gold Porphyry Projects