Mr. Jonathan Wiesblatt of Rockridge Resources reports

ROCKRIDGE COMMENCES DRILLING PROGRAM AT KNIFE LAKE COPPER PROJECT, SASKATCHEWAN

Rockridge Resources Ltd. has commenced a diamond drilling program at its Knife Lake copper project located in Saskatchewan, Canada. A minimum of 1,600 metres in six to eight drill holes are planned in the fully financed program. The Knife Lake project, consisting of 49 claims totalling 32,663 hectares (80,712 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan.

Drilling will focus on discovering VMS-style (volcanogenic massive sulphide), predominantly copper deposits along newly defined conductors as well as at depth, underneath the Knife Lake deposit. Several targets in the Gilbert Lake North and South targets will be tested, which are approximately five to six kilometres to the west of the deposit. Infill drilling is also planned in the immediate area of the 2019 maiden resource at the deposit area. Downhole geophysics and borehole electromagnetics (BHEM) will be utilized extensively throughout the program.

Highlights:

• A minimum of 1,600 metres in six to eight drill holes are planned in the fully financed program.
• Drilling will focus on discovering VMS-style copper deposits along newly defined conductors as well as at depth, underneath the Knife Lake VMS deposit.
• Gilbert Lake North and South targets with be drill tested and represent new exploratory target areas with very little historical exploration carried out.
• Infill drilling is also planned in the immediate area of the 2019 maiden resource at the deposit.
• Rockridge completed the first work program in the past approximately 20 years in 2019, with highlight results including 2.03 per cent copper, 9.88 grams per tonne silver, 0.19 g/t gold, 0.36 per cent zinc and 0.01 per cent cobalt (2.42 per cent copper equivalent) over 37.6 m beginning at 11.2 m in hole KF19003.
• The deposit is thought to be a remobilized portion of a primary VMS deposit; most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit.
• Over 300 holes provided data for the first National Instrument 43-101 resource estimate of the shallow Knife Lake deposit.
• The Knife Lake NI 43-101 resource estimate provides excellent anchor for the project: indicated resources: 3.8 million tonnes at 1.02 per cent CuEq or 3.8 million tonnes at 0.83 per cent Cu, 3.7 g/t Ag, 0.097 g/t Au, 82 parts per million Co and 1,740.7 ppm Zn; inferred resources: 7.9 million tonnes at 0.67 per cent CuEq or 7.9 mt at 0.53 per cent Cu, 2.4 g/t Ag, 0.084 g/t Au, 53.1 ppm Co and 1,454.9 ppm Zn.
• There is strong discovery potential in and around the deposit as well as at regional targets on the property; modern exploration techniques and methods are being utilized with a goal of making new discoveries.

Jonathan Wiesblatt, chief executive officer of Rockridge Resources, commented: "We are very pleased that the exploration program has started on time at Knife Lake. The regional targets defined through an extensive VTEM geophysical program completed earlier this month have further defined and enhanced our understanding of the geological settings in and around the Knife Lake deposit. Several hundred holes and thousands of metres have been carried out at the Knife Lake deposit historically with very little focus on the opportunities near the deposit and regionally. We are encouraged by the data from the geophysical program and are looking forward to advancing the project beyond the Knife Lake deposit with this drill program representing the first drilling campaign carried out in decades to test the regional potential of the project. Furthermore, the copper market has been strengthening in recent months amidst a global economic recovery and the continued trend towards more electrification and clean energy initiatives around the world."

Knife Lake geology and history

The Knife Lake project is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15 m thick and contains copper, silver, zinc, gold and cobalt mineralization, which dips 30 degrees to 50 degrees eastward over a known strike length within Rockridge's claim area of 3,700 metres, and a known average downdip extension of approximately 300 metres.

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks, which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy, which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

The company completed 12 holes consisting of 1,053 metres of diamond drilling in the 2019 winter drilling program. This represented the first drilling on the property since 2001 and had two primary objectives: confirm the tenor of mineralization reported by previous operators and expand known zones of mineralization. Highlights from the drill program included previously reported hole KF19003, which intersected net-textured to semi-massive sulphide mineralization from 11.2 m to 48.8 m downhole. This 37.6-metre interval returned 2.03 per cent Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36 per cent Zn and 0.01 per cent Co for an estimated 2.42 per cent CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1-metre interval returned 1.28 per cent Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13 per cent Zn and 0.01 per cent Co for an estimated 1.49 per cent CuEq.

Compilation and initial modelling indicate potential for expansion of the deposit at depth. The recent drilling focused on resource upgrade as well as infill drilling between historical holes. The program gave the company's technical team valuable insights into the property geology, alteration and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

The Knife Lake deposit is a near-surface VMS deposit starting a few metres below surface and the deposit remains open at depth and along strike for potential resource expansion. Recently Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit (see the news release dated Aug. 14, 2019), which consisted of an indicated resource of 3.8 million tonnes at 1.02 per cent CuEq at a 0.4-per-cent CuEq cut-off (3.8 million tonnes at 0.83 per cent Cu, 3.7 g/t Ag, 0.097 g/t Au, 82 ppm Co and 1,740.7 ppm Zn). In addition, there is an inferred resource of 7.9 million tonnes at 0.67 per cent CuEq at a 0.4-per-cent CuEq cut-off (7.9 million tonnes at 0.53 per cent Cu, 2.4 g/t Ag, 0.084 g/t Au, 53.1 ppm Co and 1,454.9 ppm Zn). Refer to the National Instrument 43-101 technical report on the mineral resource estimate for the Knife Lake property, Saskatchewan, dated Sept. 27, 2019, filed on SEDAR.

Qualified persons

Kerry Bates, PGeo, a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and a geologist employed by TerraLogic Exploration Inc., has reviewed and approved the scientific and technical disclosure in this news release relating the Knife Lake project.

About Rockridge Resources Ltd.

Rockridge Resources is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in Canada and other mining friendly jurisdictions. The company's Knife Lake project is in Saskatchewan, which is ranked as one of the top mining jurisdictions in the world by the Fraser Institute. The project hosts the Knife Lake deposit, which is a VMS, near-surface copper-cobalt-gold-silver-zinc deposit open along strike and at depth. The company's Raney gold project is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Rockridge's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favourable jurisdictions.

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