RDG.V · 2024-05-30 12:00:00

Ridgeline Minerals Provides Exploration Portfolio Update

Corporate Updates

Ridgeline Minerals Provides Exploration

Portfolio Update

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - Ridgeline Minerals Corp. (TSXV: RDG)

(OTCQB: RDGMF) (FRA: 0GC0) ("

Ridgeline

" or the "

Company

") is pleased to provide a 2024

exploration update across its portfolio of five projects in Nevada, two of which are being fully funded

under earn-in exploration agreements with Nevada Gold Mines ("NGM") (

Figure 1

Ridgeline anticipates a 2024 exploration spend up to US $5.5 million, with roughly US $5 million to be

spent by NGM advancing the Swift and Black Ridge projects in 2024.

Additional framework drilling is

proposed at Swift and a detailed field mapping and sampling program is in progress at Black Ridge.

Ridgeline will initiate a 3D Induced Polarization ("IP") survey at its 100% owned Big Blue project as well

as complete ongoing permitting initiatives at its 100% owned Selena project to allow for advanced

exploration under a Plan of Operations ("PoO").

See below for additional details on Ridgeline's 2024

exploration programs.

Chad Peters, Ridgeline's President, CEO & Director commented, "2024 is shaping up to be

Ridgeline's largest exploration budget in Company history, with the majority of that budget being

funded by our partners at Nevada Gold Mines. We will continue to explore our 100% owned

exploration pipeline with a 3D IP survey planned at Big Blue this summer, which will look beneath the

high-grade copper skarn that was mined in the early 1900's in search of the proposed porphyry source

at depth."

Mr. Peters continues, "Our Selena Plan of Operations exploration permit is in the final permitting

stages with approval anticipated in early Q3 of this year. This will be a significant de-risking event for

the project and will allow us to accelerate exploration at the Chinchilla Sulfide and Selena Porphyry

targets."

2024 Exploration Program Highlights

Swift Project -

NGM (Swift project operator) has proposed a 2024 exploration budget of up to US $5.0

million to fund the next phase of framework drilling (3-5 core holes) at Swift (

Figure 2

Exploration permitting is well advanced and drilling is expected to commence in mid to late June.

See September 21, 2021 press release

HERE

for details on the Swift project earn-in terms

Black Ridge Project -

NGM (Black Ridge project operator) has proposed a 2024 exploration budget of

up to US $200,000 to fund the next phase of field mapping and surface geochemical surveys to support

potential framework drilling in 2025 (

Figure 3

Field work has commenced at Black Ridge and is anticipated to continue throughout the summer.

See July 17, 2023 press release

HERE

for details on the Black Ridge project earn-in terms

Big Blue Project -

Ridgeline expects to complete the proposed 3D IP survey in early Q2 2024 pending

contractor availability

The 3D IP survey will look to identify a proposed porphyry source at depth beneath the historical

Delker and Skarn Hill copper mines, which collectively produced a reported 94,434 pounds of

copper ("Cu") at an average grade of 6.2% Cu between 1916-1917

(

Figure 4

Selena Project -

The Selena exploration Plan of Operations is currently in the final steps of the

permitting process before receiving final approval from state and federal agencies

Once approved, Ridgeline will be able to complete up to 200 acres of total surface disturbance

(drill roads, pads, etc.) with the first phase of exploration in the permit proposing up to 240 drill

pads totaling approximately 34 acres of disturbance (

Figure 5

). Further exploration details will be

announced in due course following receipt of the PoO.

Figure 1

: Ridgeline's 195 km² exploration portfolio in Nevada. The Black Ridge and Swift projects are

located on the world-class Carlin and Battle Mountain - Eureka trends