Mr. Blaine Monaghan reports

PACIFIC RIDGE PROVIDES OVERVIEW OF 2024 ACTIVITIES AND PLANS FOR 2025

Pacific Ridge Exploration Ltd. has provided an overview of its 2024 activities and its plans for 2025.

2024 highlights:

• Raised $3,467,999 to advance the Chuchi copper-gold porphyry project, the Kliyul copper-gold porphyry project and the Redton copper-gold porphyry project -- all located in the prolific Quesnel terrane in northern-central British Columbia;
• Completed its inaugural diamond drill program at Chuchi (see news release dated Nov. 25, 2024); drilled 2,716 metres in five holes testing a 750-metre strike length at the BP zone (BPZ); four of the five drill holes were among the best ever recorded at Chuchi, suggesting that historical drilling results are reliable and that there is greater continuity of mineralization across BPZ than previously known;
• Completed an airborne Z-axis tipper electromagnetic (ZTEM) survey at its 100-per-cent-owned Kliyul (see news release dated Nov. 14, 2024); the results of the ZTEM survey bolster the company's confidence that the final drill hole of the 2023 exploration program, drill hole KLI-23-069, intersected a mineralized quartz diorite porphyry stock, believed to be the mineralizing or source pluton; further, the results also suggest that Pacific Ridge has only drilled one part of the porphyry system at the Kliyul Main zone (KMZ) exposed in the valley bottom and that much of the system remains undiscovered and hidden to the north where a large MVI (magnetic vector inversion) magnetic anomaly underlies historical surface showings, the Klip occurrence and the Pacific Sugar occurrence;
• Completed an induced polarization (IP) survey at its 100-per-cent-owned Redton, which adjoins the eastern boundary of Northwest Copper Corp.'s Kwanika (see news release dated Oct. 15); the IP survey confirmed a porphyry exploration target, the NEX target, within three kilometres of Northwest's Kwanika South zone copper-gold-molybdenum porphyry deposit.

2025 plans:

• Pacific Ridge will seek to diversify its project portfolio by acquiring a copper porphyry project(s) located in the United States. Currently, all five of the company's copper-gold porphyry projects are located in British Columbia. Pacific Ridge has been actively evaluating opportunities using the following criteria: discovery potential; road accessible; ability to conduct exploration on a year-round basis; can acquire a 100-per-cent interest; and located on Bureau of Land Management or patented land in a mining-friendly state. The company expects to announce an acquisition(s) sometime in Q1 2025.
• During H1 2025, Pacific Ridge will start the process of spinning out its Yukon gold projects into a new company. The company's Yukon project portfolio includes the Mariposa gold project. Drill highlights at Mariposa include drill hole 11-MP-01, which returned 6.44 grams per tonne gold over 11.1 metres within 2.44 grams per tonne gold over 39 metres (see news release dated July 28, 2011).
• Pacific Ridge will actively pursue a joint venture partner to advance Kliyul and to test the thesis that much of the porphyry system at KMZ remains undiscovered and hidden to the north.

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"We are very excited about our future plans," said Blaine Monaghan, president and chief executive officer of Pacific Ridge. "Acquiring a copper porphyry project or projects in the United States complements our existing corporate strategy, copper-gold porphyry exploration in British Columbia, and will expand our footprint into areas that include some of world's largest copper porphyry mines. I look forward to providing further updates regarding our plans over the weeks and months ahead."

About Pacific Ridge Exploration Ltd.

Pacific Ridge Exploration's goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's flagship asset is its 100-per-cent-owned Kliyul copper-gold project, located in the Quesnel terrane close to existing infrastructure. In addition to Kliyul, the company's project portfolio also includes the Chuchi copper-gold project, the 100-per-cent-owned RDP copper-gold project, the 100-per-cent-owned Onjo copper-gold project and the 100-per-cent-owned Redton copper-gold project, all located in British Columbia. The company would like to acknowledge that its British Columbia projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation and Tsay Keh Dene Nation.

The technical information contained within this news release has been reviewed and approved by Danette Schwab, PGeo, vice-president, exploration, and a qualified person as defined by National Instrument 43-101 policy.

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