Mr. Blaine Monaghan reports

PACIFIC RIDGE CLOSES OVERSUBSCRIBED FINANCING; RAISES OVER $3.0M FOR FOLLOW UP DRILL PROGRAM AT THE RDP COPPER-GOLD PROJECT

Pacific Ridge Exploration Ltd. has closed the second and final tranche of its non-brokered private placement, raising a total of $3,064,988.91.

Proceeds from the offering will be used for a follow-up drill program at the company's 100-per-cent-owned RDP copper-gold project and for general working capital. Drill hole RDP 22-005 returned 107.2 metres (m) of 1.39 per cent copper equivalent (CuEq) or 2.06 grams per tonne (g/t) gold equivalent (AuEq) (0.63 per cent copper, 1.10 g/t gold and 2.91 g/t silver) within 497.2 m of 0.66 per cent CuEq or 0.97 g/t AuEq (0.37 per cent copper, 0.40 g/t gold and 1.60 g/t silver)(see news release dated Oct. 25, 2022). RDP is located at the southern end of the Toodoggone district in north-central British Columbia, approximately 40 kilometres (km) west of the company's flagship Kliyul copper-gold project.

"We would like to thank everyone that participated in the offering," said Blaine Monaghan, president and chief executive officer of Pacific Ridge. "We are excited to go back to RDP and follow up on drill hole RDP 22-005, which returned one of B.C.'s highest-grade porphyry copper-gold intervals in 2022."

In this second tranche, the company issued 15,184,494 units at a price of 14 cents per unit for gross proceeds of $2,125,829.16 and 3,561,292 critical mineral flow-through (FT) units at a price of 17 cents per FT unit for gross proceeds of $605,419.64. In the first tranche (see news release dated March 28, 2025), the company issued 1,632,430 units for gross proceeds of $228,540.20 and 618,823 FT units for gross proceeds of $105,199.91.

Each unit comprises one common share of the company and one common share purchase warrant. Each FT unit comprises one common share of the company issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one warrant. Proceeds from the sale of the FT units will be used for Canadian critical minerals exploration expenses at Pacific Ridge's B.C. projects. These expenditures will qualify as critical mineral flow-through mining expenditures within the meaning of the Income Tax Act (Canada).

In this second tranche of the offering, each warrant is exercisable to purchase one additional non-flow-through common share at an exercise price of 20 cents on or before June 4, 2028. The securities are subject to a hold period ending on Oct. 5, 2025. The company paid finders' fees totalling $55,572.26 and issued 373,872 finders' warrants in connection with the second tranche of the offering. Each finder's warrant is exercisable to purchase one common share at an exercise price of 20 cents on or before June 4, 2028. The offering and payment of finders' fees are subject to TSX Venture Exchange acceptance.

An insider of the company subscribed for an aggregate 100,000 FT units in this tranche of the offering. Such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by the insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Pacific Ridge Exploration Ltd.

The company's goal is to become B.C.'s leading copper 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 includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project and the Redton copper-gold project, all located in B.C. Pacific Ridge would like to acknowledge that its B.C. 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 prepared under the supervision of, and reviewed and approved by, Danette Schwab, PGeo, vice-president of exploration of the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.