Greenridge Exploration Inc. announced it has undertaken an extensive summer exploration work program on its Carpenter Lake Project located on the southern margin of the Athabasca Basin, Saskatchewan. On behalf of Greenridge, Dahrouge Geological Consulting Ltd. is conducting a fourteen-day large-scale Program on the Company's Carpenter Lake Project which includes: Detailed geological mapping in highly prospective target areas; Prospecting and rock sampling over priority target areas; and Scintillometer sweep over priority areas that are lacking outcrop. The primary goal of the Program is to delineate the nature of target areas, and in the process, highlight new high-priority areas that may be further investigated in a future drill program.

DGC has applied its established targeting methodology to Greenridge's geological data, incorporating historical and recent exploration data to outline high-priority target areas. The Program will focus on the Cable Bay Shear Zone ("CBSZ"), a large-scale structural feature that intersects the Project and is host to several airborne radiometric anomalies and a series of well-defined conductors. Other priority items for the Program include investigation of numerous uranium anomalies found in historical lake sediment samples and radon-in-soil anomalies.

The Carpenter Lake Project is situated along the CBSZ, immediately south of the southern rim of the Athabasca Basin. The Project extends from 1 to 35 km south of the Basin margin and is underlain by Archean rocks of the Athabasca Basin and Mudjatik Domain. Athabasca Group sandstone does not occur within the Project area.

The Virgin River Domain to the west of the CBSZ is about 40 km wide east-west. The bulk of the Virgin River Domain is comprised of felsic gneisses featuring a strong northeasterly fabric. Additionally, the Company's Weyman Copper Project in southeast British Columbia sits on the south portion of the famous Quesnel Terrance.

The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.