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Pacific Ridge Exploration Ltd (4)
Symbol PEX
Shares Issued 97,275,424
Close 2026-08-06 C$ 0.195
Market Cap C$ 18,968,708
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Pacific Ridge Exploration begins drilling at RDP

2026-08-07 15:38 ET - News Release

Mr. Blaine Monaghan reports

DRILLING UNDERWAY AT PACIFIC RIDGE'S RDP COPPER-GOLD PROJECT

Drilling is under way at Pacific Ridge Exploration Ltd.'s 100-per-cent-owned RDP copper-gold project, located in B.C.'s Golden Horseshoe at the southern end of the Toodoggone mining district, 40 kilometres to the west of the company's 100-per-cent-owned Kliyul copper-gold project.

Pacific Ridge plans to drill approximately 3,000 metres at the Day target, just one target area at RDP, which returned 112.2 metres of 1.35 per cent copper equivalent (CuEq) or 2.02 grams per tonne gold equivalent (AuEq) within 405.0 m of 0.71 per cent CuEq or 1.06 g/t AuEq in drill hole RDP-25-011 (see news release dated Oct. 16, 2025).

"The Toodoggone mining district has quickly emerged as Canada's hottest exploration district," said Blaine Monaghan, president and chief executive officer of Pacific Ridge. "Over the last several years, numerous senior mining companies have made strategic investments or entered joint ventures. We are excited to return to RDP and test the interpreted porphyry centre at Day and further define last year's western magnetic lobe discovery."

2026 exploration program at RDP

The 2025 drill program at Day confirmed that the porphyry copper-gold-silver mineralization intersected in the eastern magnetic lobe is in an east-northeast-striking, steeply northward-dipping tabular body, and that the western magnetic lobe is also mineralized. This year's approximately 3,000-metre drill program at Day will focus on testing the interpreted porphyry centre between the western and eastern lobes and more fully defining the 2025 western lobe discovery.

Prior to the start of this year's drill program at RDP, the company completed extensive airborne geophysical surveys, including 1,057 line kilometres of high-resolution, 60 metre-spaced magnetics and 283 line kilometres of 200 metre-spaced magnetotellurics (MT). These new data sets are expected to enhance drill targeting by helping map mineralization and alteration zones, define key structural controls, identify intrusive complexes, and trace potential deep hydrothermal conduits. In addition, nine line kilometres of 100-metre-spaced ground induced polarization (IP) geophysics was completed over Day to further refine sulphide targets, map quartz veining and alteration, and evaluate the depth potential of this compelling porphyry system.

About Pacific Ridge Exploration Ltd.

A Fiore Group company, Pacific Ridge's goal is to become British Columbia's leading copper exploration company. The Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure, is the company's flagship project. In addition to Kliyul, Pacific Ridge's project portfolio includes the RDP copper-gold project, the Onjo copper-gold project and the Redton copper-gold project, all located in British Columbia. The company would like to acknowledge that its British Columbia projects are 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, exploration, of the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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