Mr. Richard Ginn reports

COPPER RIDGE CLOSES $751,000 PRIVATE PLACEMENT

Copper Ridge Exploration Inc., further to its news release of Sept. 20, 2022, has closed its private placement in the amount of 7.51 million units at 10 cents per unit for total gross proceeds of $751,000. Each unit consists of one common share of the company and one transferable share purchase warrant, with each warrant exercisable into one additional common share at a price of 20 cents per share for a period of two years from date of issue.

All securities issued in respect of the placement are subject to a regulatory hold period expiring four months and one day from the date of issue.

The proceeds of the private placement will be used in conjunction with the acquisition of the Highway lithium project and the Bus lithium project (see the news release dated Sept. 20, 2022), and for general working capital.

The terms of the offering are subject to satisfactory notice to the Canadian Securities Exchange.

The company is engaged in the acquisition, exploration and development of mineral property assets in Canada. The company recently acquired the Highway and Bus lithium properties in the James Bay region of Quebec, and also holds the Solitude Lake property located near the Savant Lake area in the Patricia mining division in Ontario. The company's objectives are to conduct exploration programs on its Solitude Lake property and Quebec lithium properties, and to locate and develop other economic mineral properties of merit.