Pursuant to a special resolution passed by directors dated Jan. 6, 2025, the company has consolidated its capital on a one-new-for-10-old basis. The name of the company has not been changed.

Effective at the opening on Jan. 23, 2025, the common shares of Pacific Ridge Exploration Ltd. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as a mining (non-oil-and-gas) exploration/development company.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 17,396,457 shares are issued and outstanding

Escrow:  nil shares subject to escrow

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  PEX (unchanged)

Cusip No.:  694798 60 4 (new)