Mr. Chad Peters reports

RIDGELINE MINERALS ANNOUNCES REMAINING 2024 DRILL RESULTS AND PROVIDES 2025 BUDGET GUIDANCE FOR THE SWIFT PROJECT, NEVADA

Ridgeline Minerals Corp. has released the final assay results for core hole SW24-007, at the Swift gold project, currently being operated under an exploration earn-in agreement with Nevada Gold Mines (NGM). NGM has spent a total of $10,078,008 (U.S.) in qualifying work expenditures through Dec. 31, 2024, and has approved a 2025 exploration budget of $5-million (U.S.).

Drill hole SW24-007 was the second of two deep core holes completed in the 2024 program and was drilled to a total depth of 1,071.1 metres (m). The hole was drilled approximately 1.3 kilometres (km) to the southwest of and downdip of hole SW24-006, which returned the highest-grade intercept in project history, including 1.1 m grading 10.4 grams per tonne (g/t) gold (Au) within 2.7 m grading 7.0 g/t Au starting at 676.3 m downhole (see Nov. 7, 2024, news release). Hole SW24-007 intersected several thick, continuous intercepts of low-grade gold, including a highlight intercept of 2.9 m grading 1.9 g/t Au within 24.7 m grading 0.5 g/t Au starting at 963.0 m downhole.

Chad Peters, Ridgeline's president, chief executive officer and a director, commented: "Today's results continue to demonstrate the potential scale of the gold system at Swift. Hole 7 represents one of the best consolidated gram-meter intercepts drilled on the property to date and now brackets the southern margin of a four-square-kilometre gold footprint at the Southwest Swift target."

Mr. Peters continues, "We are very encouraged by the scale of the gold system at Swift and our partners at NGM have approved an expanded drill program for 2025 as we continue vectoring towards the interpreted core of a higher-grade system."

SW24-007 highlights

SW24-007 was designed to test favourable carbonate host rocks (lower plate) at the projected intersection of a north-south-trending fault corridor with the southwestern projection of the Mill Creek thrust fault, a significant structural control and conduit for gold mineralization at Swift:

• A significant portion of the targeted Roberts Mtn. and all of the Mill Creek formation host rocks were offset by a north-south fault corridor, which was intersected farther east than projected. However, drilling still intersected several notable mineralized zones in the upper and lower plate (carbonate host rocks) and further highlights the strength of the hydrothermal gold system at Swift.
• Upper plate intercepts include: 1.4 m grading 1.0 g/t Au within 30.2 m grading 0.4 g/t Au starting at 651.7 m downhole and 1.3 m grading 1.0 g/t Au within 10.4 m grading 0.3 g/t Au starting at 714.2 m downhole.
• Lower plate intercepts include: 2.4 m grading 1.2 g/t Au within 8.9 m grading 0.5 g/t starting at 908.8 m downhole and 2.9 m grading 1.9 g/t Au within 24.7 m grading 0.5 g/t starting at 957.7 m downhole.

A complete table of the Swift assay results is attached.

NGM has incurred a total of $10,078,008 (U.S.) in qualifying work expenditures at the project through Dec. 31, 2024, and must spend a minimum of $20-million (U.S.) in qualifying work expenditures by Dec. 31, 2026, to earn an initial 60-per-cent interest in the project (see Sept. 22, 2021, news release).

2025 exploration budget:

• NGM has approved a 2025 exploration budget totalling $5-million (U.S.) to drill up to five deep core holes at Swift:
  • Drilling will test downdip and along strike of the known mineralized corridor at Southwest Swift to vector toward the interpreted core of a higher-grade gold zone.
• Drilling is expected to begin as early as late Q2 (second quarter) with start dates highly dependent on the pending approval of an amended Bureau of Land Management drill permit.

Swift earn-in terms

NGM retains the right to earn an initial 60-per-cent interest in the Swift project (see Sept. 22, 2021, news release) over an initial five-year term by incurring a minimum of $20.0-million (U.S.) in qualifying work expenditures. NGM retains the option to increase its interest up to 70 per cent by incurring an additional $10.0-million (U.S.) in qualifying work expenditures before Dec. 31, 2029. Within 90 days of a joint venture decision to proceed with development and construction of a mine and/or related processing facilities on Swift, NGM will have a one-time option to elect to provide, or arrange for, third party financing of Ridgeline's portion of debt financing required for the development in consideration, in either case, for an additional 5-per-cent interest in the project for a total of 75 per cent (or 65 per cent if the second option was not exercised).

QA/QC (quality assurance/quality control) procedures

Samples are submitted to ALS Minerals, Elko, Nev., which is a certified and accredited laboratory, independent of Nevada Gold Mines. Samples are prepared using industry-standard prep methods and analyzed using Au-AA23 (Au; 30-gram fire assay) and ME-MS61 (48-element suite; 0.25-gram four-acid digestion/ICP-MS (inductively coupled plasma mass spectrometry)) methods. ALS also undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Nevada Gold Mines' QA/QC program includes regular insertion of CRM (certified reference material) standards, duplicates and blanks into the sample stream with a stringent review of all results completed internally by Nevada Gold Mines technical personnel.

Technical information contained in this news release has been prepared under the supervision of, and approved by, Michael T. Harp, CPG, the company's vice-president, exploration. Mr. Harp is a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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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