Mr. Michael Michaud reports

RED PINE COMPLETES 2024-25 DRILLING PROGRAM & INITIATES PRELIMINARY ECONOMIC ASSESSMENT WORK AT WAWA GOLD PROJECT

Red Pine Exploration Inc. has completed its 2024-2025 drilling program at the Wawa gold project. The drilling program commenced in November, 2024, and was completed at the end of June, 2025. It consisted of 69 completed drill holes totalling 24,574.5 metres. Additional assays are pending.

The 2024-2025 drilling program achieved its two primary goals:

• Strengthen geological database to evaluate potential starter open pits in two near-surface areas of the Jubilee shear with 9,000 m of the 25,000-metre program of infill drill holes:
  • 45.38 grams per tonne of gold over 3.13-metre core length, including 141.00 g/t Au over 0.88 m (see press release of June 18, 2025);
  • 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m (see press release of June 18, 2025);
  • 14.51 g/t Au over 4.81 m, including 90.40 g/t Au over 0.67 m (see press release of May 12, 2025);
• Test the overall size potential of the gold system of the Wawa gold project beyond the 2024 mineral resource estimate with significant stepouts, over 600 m, from known areas of mineralization:
  • 5.68 g/t Au over 10.72 m, including 19.05 g/t Au over 2.00 m (see press release of March 20, 2025);
  • 8.41 g/t Au over 1.67 m, including 14.9 g/t Au over 0.92 m (see press release of Feb. 19, 2025);
  • The newly discovered gold zone at depth that could extend over 940 m.

Preliminary economic assessment work has commenced on the Wawa gold project:

• An environmental and permitting consultant with over 25 years of experience has been engaged.
• Baseline studies, to support operational design and permitting, have commenced.
• As a result of the financing completed on July 9, 2025, Red Pine is fully financed to complete PEA in early first half 2026 and commence the baseline studies.

Michael Michaud, president and chief executive officer of Red Pine, commented: "We are pleased with the completion of our planned 25,000-metre drilling program. It has not only significantly expanded the size potential of the Wawa gold deposit, but it has also better defined the near-surface mineralization, providing confidence for our review of the starter pit development scenario that is ongoing.

"This drilling is the first step in assessing the potential of a starter open-pit operation that would provide an incremental approach towards a larger open-pit or underground operation. We anticipate the completion of a PEA in early H1 2026 that will outline a development scenario for the project and ultimately highlight the value of the deposit.

"With the successful completion of the recent financing, we are now fully funded to complete the PEA and commence the baseline studies required for the permitting process."

Continuing activities

The company is working on technical and baseline studies to support operation design and permitting. This work includes metallurgical testing and geotechnical work, mine design work, and updating the 2024 mineral resource estimate, as well as studies covering surface water and groundwater, terrestrial and aquatic life, the geochemical characterization of the mineralization and waste rocks from the deposits. For guidance and advice during the permitting process, the company has retained an environmental and permitting consultant with over 25 years of experience in environmental assessments, permitting, compliance, training and education.

Quality assurance/quality control measures

Individual drill core samples are labelled and split in half along a premarked cutting line using a diamond saw. A consistent half-core sample is then placed in an individual plastic sample bag that is sealed. The remaining half-core samples are kept at the core storage facility of the company located on the Wawa gold project. Quarter-core duplicates are taken from certain samples to define the variability of gold distribution. Groups of samples are then placed into durable rice bags sealed with security seals to be transported using a commercial carrier for analysis to Actlabs in Ancaster, Ont. NQ core assays were obtained by 50-gram fire-assaying-AA finish or by one-kilogram screen fire assay. The one-kilogram screen assay method is selected for samples anticipated to contain coarse gold and when the fire-assay-AA finish returns results greater or equal to 2.25 grams per tonne Au. The residual coarse reject portions of the samples remain in storage for a minimum 90-day period if further work or verification is needed.

As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples, and routinely insert blanks immediately after samples with visible gold. Quarter-core duplicates are routinely inserted to evaluate the natural variability of gold mineralization. Assay certificates are sent to at least three members of the senior management team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5 per cent of the pulps and coarse rejects analyzed at Actlabs are sent to Agat Laboratories in Thunder Bay for umpire testing.

Qualified person

Jean-Francois Montreuil, PGeo, and vice-president, exploration, of Red Pine, the qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Red Pine Exploration Inc.

Red Pine is a gold exploration company headquartered in Toronto, Ont., Canada. The company's shares trade on the TSX Venture Exchange under the symbol RPX and on the OTCQB markets under the symbol RDEXF.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years.

The company's land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

We seek Safe Harbor.