Mr. Gerald Carlson reports

PACIFIC RIDGE ACQUIRES A NEW ZINC EXPLORATION PROJECT IN YUKON

Pacific Ridge Exploration Ltd. has reached an agreement to acquire an option to earn a 100-per-cent interest in the OGI zinc prospect, located just off the Dempster highway, 50 kilometres east of Dawson City, Yukon. The property contains a strong zinc-silver soil geochemical anomaly, underlain by Road River formation sedimentary rocks. Terms of the agreement involve making payments totalling $225,000, issuing one million shares and completing $2.5-million in exploration over five years, with an initial payment of $10,000 and issuance of 100,000 shares. The company must also issue 500,000 shares upon commencement of commercial production. The vendors retain a 2-per-cent net smelter return royalty, half of which can be purchased for $2-million. The agreement is subject to regulatory approval.

About the OGI zinc property

The target at OGI is a sedex-style, stratabound zinc-lead-silver mineralization, similar to Howards Pass and many other zinc-rich base and precious metal occurrences within the Yukon's Selwyn basin. The soil anomaly, with values ranging from 500 to 5,780 parts per million zinc, is 1,000 metres long and over 250 metres wide and open in two directions. Other elements enriched in the soil anomaly include silver, lead, barium, molybdenum, nickel, vanadium, arsenic and phosphorus. The bedrock source of the anomaly is unexplained, as there is no outcrop in the immediate area. A single piece of oxidized float assayed 3 per cent zinc.

The company plans a program of prospecting, expansion of the soil geochemical grid and trenching to be carried out early in the 2017 field season.

About Pacific Ridge Exploration Ltd.

The company's Fyre Lake copper-gold-cobalt massive sulphide deposit is under option to BMC Minerals (No. 1) Ltd. BMC has been granted two options effective as of the closing: the first, a one-year option whereby, in order to maintain and exercise the option, in addition to the $375,000 in payments already made, it must pay the company $2.2-million one year after closing; or the second, a two-year option whereby, in order to maintain and exercise the option, it must pay the company $300,000 one year after closing and $2.42-million two years after closing.

The company's TL zinc project is a 6,420-hectare, road-accessible, zinc-lead-silver property located 80 kilometres northeast of Vernon, B.C., ideally situated with nearby highways, electrical power grid and rail.

The company's Poker Brown gold-silver project is located 190 kilometres from Reno, Nev.

The technical information contained within this news release has been reviewed and approved by Gerald G. Carlson, PhD, PEng, president and chief executive officer of Pacific Ridge and a qualified person as defined by National Instrument 43-101 policy.

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