Mr. Chad Peters reports

RIDGELINE MINERALS ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT UP TO $4,200,000

In connection with its previously announced non-brokered private placement (Jan. 22, 2025, news release), Ridgeline Minerals Corp. has increased the size of the private placement to up to 28 million units at a price of 15 cents per unit for aggregate gross proceeds of up to $4.2-million.

Each unit consists of one common share of the company and one-half non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at a price of 25 cents for a period of 24 months from the date of issue.

The proceeds from the sale of the upsized private placement will be used to finance exploration activities at the company's projects in Nevada and for general working capital.

Certain directors and officers of the company may acquire securities under the upsized private placement. Any such participation would be considered a related party transaction, as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any shares issued to, nor the consideration paid by, such persons will exceed 25 per cent of the company's market capitalization.

The company may pay a 6-per-cent cash finder's fee in connection with the upsized private placement. All securities to be issued in the upsized private placement will be subject to a four-month-plus-one-day hold period from the closing date under applicable securities laws in Canada. The company anticipates closing the upsized private placement as soon as practicable, subject to TSX Venture Exchange approval.

About Ridgeline Minerals Corp.

Ridgeline Minerals is a discovery-focused precious metal and base metal explorer with a proven management team and a 200-square-kilometre exploration portfolio across seven projects in Nevada, United States. The company is a hybrid explorer with a mix of 100-per-cent-owned exploration assets (Big Blue, Atlas, Bell Creek and Coyote) as well as two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge projects, and a third earn-in with South32 at its Selena project.

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