Pacific Ridge Exploration Ltd. announce that it has identified a six kilometre ("km") long copper-gold porphyry trend at the Chuchi copper-gold project ("Chuchi" or the "Project") located in the prolific Quesnel Terrane in northcentral British Columbia 35 km northeast of Centerra Gold Inc.'s ("Centerra") Mount Milligan Mine. Since acquiring Chuchi in May 2022, Pacific Ridge has completed airborne and ground-based geophysics programs and a gridded soil sampling and mapping program at the Project. This, combined with compilation and review of historical data, has resulted in the development of an exploration model for a six km long copper-gold porphyry trend that includes several highly prospective target areas, including the BP Zone, which hosts a historical geological resource of 50 million tonnes with grades between 0.21 - 0.40% copper and 0.21 - 0.44 grams per tonne ("g/t") gold.

This historical geological resource is not compliant with National Instrument 43-101 standards. A Qualified Person has not done sufficient work to classify the historical geological resource as current mineral resources or mineral reserves and Pacific Ridge is not treating the historical geological resource as current mineral resources or mineral reserves. Investors are cautioned that the historical geological resource does not mean or imply that economic deposits exist at Chuchi.