Mr. Chad Peters reports

RIDGELINE MINERALS CLOSES $4.1 MILLION PRIVATE PLACEMENT

Ridgeline Minerals Corp., in connection with its previously announced non-brokered private placement (see Jan. 22, 2025, and Jan. 31, 2025, news releases), has closed its private placement for 27,562,983 units, at a price of 15 cents per unit, for aggregate gross proceeds of $4,134,447.

Each unit consists of one common share of the company and one-half of one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at a price of 25 cents per share until Feb. 13, 2027.

The proceeds from the sale of the private placement will be used to finance exploration activities at the company's projects in Nevada and for general working capital. In connection with the private placement, the company has paid aggregate cash finders' fees of $67,200.

All securities issued pursuant to the private placement will be subject to a statutory four-month-and-one-day hold expiring on June 14, 2025.

Insiders of the company participated in the offering for an aggregate amount of 233,000 units. Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. In completing such transaction, Ridgeline relied on the applicable exemptions from the valuation requirement and minority securityholder approval requirements available under sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the offering by insiders did not exceed 25 per cent of the company's market capitalization

About Ridgeline Minerals Corp.

Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200-square-kilometre exploration portfolio across seven projects in Nevada. 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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