Mr. Richard Ginn reports

COPPER RIDGE EXPLORATION APPOINTS NEW CFO AND CORPORATE SECRETARY, GRANTS STOCK OPTIONS AND CLARIFIES PRIVATE PLACEMENT AMOUNT

Copper Ridge Exploration Inc. has appointed Joseph Meagher as chief financial officer of the company and Carrie Cesarone as corporate secretary of the company.

Mr. Meagher holds a bachelor of commerce from the University of British Columbia, became a chartered professional accountant (CPA, CA) in 2008, and obtained the chartered director (CDir) designation from The Directors College (a joint venture between McMaster University and The Conference Board of Canada) in 2017. Mr. Meagher has extensive experience working with publicly listed companies.

Ms. Cesarone has worked in the public company sector for over 30 years. She currently works as an independent contractor for TSX Venture Exchange and Canadian Securities Exchange-listed companies and is corporate secretary for several listed issuers. Ms. Cesarone holds a bachelor of arts degree from Simon Fraser University.

Paul Coltura has resigned as chief financial officer, secretary and director of the company.

"On behalf of Copper Ridge and the board of directors, I would like to thank Mr. Coltura for his valuable contributions and efforts while serving as a director, chief financial officer and corporate secretary. We wish him the best of luck in the future," stated R. Dale Ginn, president and chief executive officer.

The company also announces that it has granted incentive stock options authorizing the purchase of 2.1 million common shares to officers, directors and consultants of the company. The options are exercisable at 50 cents per share for a period of three years from the date of grant. The options have been granted under and are governed by the terms of the company's incentive stock option plan.

Further to its news release of Nov. 2, 2022, the company wishes to clarify the total number of units issued under its private placement. The company issued an aggregate of 7.66 million units at 10 cents per unit for total gross proceeds of $766,000. 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.

About Copper Ridge Exploration Inc.

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, 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.