Vancouver, B.C. – July 23, 2024 - Pacific Ridge Exploration Ltd. (PEX: TSX Venture; PEXZF: OTCQB; PQWN: FSE) ("Pacific Ridge" or the "Company") is pleased to announce that a helicopter-borne Z-Axis Tipper Electromagnetic ("ZTEM") geophysical survey is underway at its 100% owned flagship Kliyul copper-gold project ("Kliyul"). In addition to the ZTEM survey at Kliyul, the Company is also planning an induced polarization ("IP") geophysical survey at its 100% owned Redton copper-gold project ("Redton"), and a 2,500 – 3,500 m diamond drill program at the Chuchi copper-gold project ("Chuchi") this summer. Kliyul, Redton, and Chuchi are located in the prolific Quesnel terrane in northcentral British Columbia (see Figure 1).

"I'm very excited about the ZTEM survey underway at Kliyul," said Blaine Monaghan, President and CEO of Pacific Ridge. "Results of the 2023 drill program provided us with new vectors for targeting higher-grade copper-gold porphyry mineralization and possibly the source intrusion at the Kliyul Main Zone. I am confident that we will be able to increase the grade profile and the mineralized extents of the Kliyul Main Zone if the ZTEM survey results confirm our understanding."

ZTEM Survey at Kliyul

The ZTEM survey at Kliyul will comprise 599 line-kilometres, covering approximately 85% of Kliyul, and will include the BAP Ridge, Ginger, Ginger
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