Mr. Richard Martel reports

BLACK PINE RESOURCES CORP COMPLETES DRILLING PROGRAM AT SUGARLOAF COPPER PROPERTY

Black Pine Resources Corp. has completed the initial drill program at the Sugarloaf project near Tyrone, New Mexico.

The company confirms all drilling has concluded and all earthwork has been reclaimed. All drilling was completed by the contractor, American Drilling Corp., of Spokane, Wash., and produced HQ core with no holes forced to reduce to NQ.

Richard R. Kern, BSc, MSc, PGeo, director and project manager of Black Pine Resources, commented: "After an unusually long permitting process with the U.S. Forest Service and the State of New Mexico, we are happy to announce completion of an initial drilling campaign at Sugarloaf. We look forward to receiving assay results."

Key operational highlights:

• Drill program completed: Eight of the 11 permitted sites were drilled, with all holes final total depths called by the site geologist.
• The HQ core produced is currently being stored at a secure facility in Silver City, New Mexico.
• Assays pending: All core produced by the drill program was quartered, with one-fourth shipped to ALS Chemex in Tucson, Ariz., for multielement analysis along with blind standards and blanks. Assays are currently pending.

The Sugarloaf project is located in a prolific mineral belt near Tyrone, New Mexico, characterized by oxide secondary copper and high-grade sulphide copper ores. The drill program will targeted an oxide secondary copper zone exposed at surface and other porphyry copper targets.

Current mining at the nearby Tyrone open pit is all heap-leachable copper. Recent reports by Freeport McMoRan list a current reserve grade 0.17 per cent copper (Cu) with a lifespan until 2030. (Freeport-McMoRan's Q3 (third quarter) 2024 operational updates for the Tyrone mine). Surface sampling grades at Sugarloaf average plus 0.30 per cent Cu. Both the current Tyrone mine and Sugarloaf are secondary copper deposits that are amenable to sulphuric acid leaching.

The scientific and technical information contained in this news release was reviewed and approved by Richard Kern, BSc, MSc, a qualified person and a proposed director of the resulting issuer, as defined under National Instrument 43-101.

About Black Pine Resources Corp.

Black Pine is a mineral exploration company focused on the acquisition and exploration of mineral properties, and is currently focused on advancing, through drilling and exploration of its Sugarloaf copper project. The Sugarloaf property comprises 77 unpatented mining claims covering a total of 1,544 acres located 650 metres west of Freeport's secondary copper open pit at the Tyrone mine, New Mexico. Surface sampling completed to date on the Sugarloaf property has delineated an area in excess of 5,000 feet long by 1,000 feet wide of mineralization that assays 0.20 per cent to 0.48 per cent copper and several high-angle shear zones that assay up to 6.29 per cent copper. IP/resistivity surveys conducted in 1973 and 2022 have identified an apparent sulphide body in the northeast and a peripheral zone with a geophysical signature consistent with a copper oxide blanket that extends to the south around the area of a small open pit. Leaching tests done on samples from the vicinity of the open pit showed potential leachability using sulphuric acid. Black Pine obtained a plan of operation through the U.S. Forest Service and the State of New Mexico to complete a stage 1 drilling program. Readers are cautioned that the above-mentioned samples are selective and may be biased by nature and therefore are not necessarily representative of the overall grade and extent of any mineralization that could occur on the subject areas of the Sugarloaf property.

We seek Safe Harbor.