Mr. Chad Peters reports

RIDGELINE MINERALS AND NEVADA GOLD MINES COMMENCE 6,000-METER DRILL PROGRAM AT THE SWIFT GOLD PROJECT, NEVADA

Ridgeline Minerals Corp. has commenced a 6,000-metre program at the company's Swift gold project, currently being operated under an exploration earn-in agreement with Nevada Gold Mines.

NGM has approved a 2025 exploration budget of up to $5-million (U.S.). The drill program will build off the success of the 2024 framework drilling campaign where both holes delivered significant gold intercepts in the SW Swift target area including 1.1 metres (m) grading 10.4 grams per tonne (g/t) gold (Au) within 2.7 metres grading 7.0 g/t Au in SW24-006 and 24.7 m grading 0.5 g/t Au in SW24-007 (see Nov. 7, 2024, news release).

Chad Peters, Ridgeline's president, chief executive officer and director, commented: "Swift continues to be a core asset in our exploration portfolio and represents just under 50 per cent of our $11-million exploration budget in 2025. The Nevada Gold Mines team's systematic approach to deep exploration at Swift yielded the first ever high-grade gold intercept in our 2024 program, and we are very excited to see the results of this aggressive drill campaign in 2025."

SW Swift target

Four of the five holes are planned to test along strike of previous high-grade gold intercepts (up to 1.1 m grading 10.4 g/t Au in SW24-006) at the projected intersection of cross-cutting fault zones (that is, fluid conduits) where they intersect a modelled fold hinge (that is, fluid trap) on the hangingwall side of the Mill Creek thrust.

Mill Creek target

The fifth hole will step several kilometres to the north of SW Swift and test favourable Wenban formation (primary Cortez district host rock) limestones along the hangingwall side of the Mill Creek thrust. Historical drilling in the Mill Creek area intersected up to 3.0 m grading 2.1 g/t Au within 18.3 m grading 0.6 g/t Au.

NGM has incurred a total of $10,869,000 (U.S.) in qualifying work expenditures at the project through June 30, 2025, 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, press release).

Swift earn-in terms

NGM retains the right to earn an initial 60-per-cent interest in the Swift project (see Sept. 22, 2021, press 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 g four-acid digestion/ICP-MS) 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 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, 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 totalling up to $60-million (U.S.) in combined partner-financed exploration expenditures.

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