Mr. Dale Ginn reports

COPPER RIDGE CLOSES $3,315,000 FLOW THROUGH FINANCING

Copper Ridge Exploration Inc. has closed the proposed non-brokered private placement. The offering was modestly increased from 4.4 million to 4.42 million flow-through (FT) shares at a price of 75 cents per FT share for gross proceeds of $3,315,000. The offering is part of a charitable donation arrangement structured by PearTree Securities Inc.

The gross proceeds from the issuance of the FT shares will be used to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada), and will also qualify for the federal government's 30-per-cent critical mineral exploration tax credit (CMETC) announced in the federal budget on April 7, 2022, related to the company's Bus and Highway lithium projects, located in the La Grande greenstone belt in Quebec. Further information on the properties is provided in the company's news release dated Sept. 20, 2022, available on SEDAR and on the company's website. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2022. Subscribers resident in Quebec may also qualify for additional provincial tax credits.

All securities issued will be subject to a four-month hold period. The offering is subject to the approval of the Canadian Securities Exchange. No fees or commissions will be payable by the company to PearTree in connection with the offering.

About Copper Ridge Exploration Inc.

Copper Ridge is engaged in the acquisition, exploration and development of mineral property assets in Canada. Copper Ridge recently acquired the Highway and Bus lithium properties in the James Bay region of Quebec and holds the Solitude Lake property located near the Savant Lake area in the Patricia mining division, Ontario. Copper Ridge'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.

We seek Safe Harbor.