Red Pine Announces the Grant of Stock Options

Red Pine Announces the Grant of Stock Options

Toronto, Ontario – October 1, 2021 -- Red Pine Exploration Inc. (TSX -V: RPX) (“Red

Pine” or the “Company”) announces that its Board of Directors has granted an aggregate

100,000 stock options to Rachel Goldman, a recently appointed director of the Company.

Each stock option is exercisable int o one common share of the Company at a price of

$0.61 CAD per common share, with vesting over 36 months, and exercisable for a period

of five years from the date of grant. The options are granted pursuant to the Company’s

Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto,

Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange

under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontari o, a region that

has seen major investment by several producers in the last five years. Its land package

hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s

Chairman of the Board is Paul Martin, the former CEO of Detour Gol d. The Board has

extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining,

Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets

expertise and is currently the Chief Executive O fficer at Paramount Gold Nevada Corp.

Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration,

Red Pine is strengthening its position as a major mineral exploration and development

player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, [email protected]

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957 [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy

or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify

forward-looking statements by terminology such as "may", "should", "expects", "plans ",

"anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative

of these terms or other comparable terminology. These statements are only predictions

and involve known and unknown risks, uncertainties and other factors that may cause our

or our industry's actual results, levels of activity, performance or achievements to be

materially different from any future results, levels of activity, performance or achievements

expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the

forward-looking information in this news release are reasonable, undue reliance should

not be placed on such information, which only applies as of the date of this news release.

The Company disclaims any intention or obligation to update or revise any forward -

looking information, whether as a result of new information, future events or otherwise,

other than as required by law.