Pacific Ridge’s Common Shares Trading On The OTCQB; Kliyul Copper-Gold Project Update

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Vancouver, B.C. – July 30, 2021 – Pacific Ridge Exploration Ltd. (PEX: TSX Venture; PEXZF: OTCQB) (“Pacific Ridge” or the “Company”) is pleased to announce that its common shares are now trading on the OTC Venture Market (“OTCQB”) under the ticker symbol “PEXZF”. B. Riley Securities acted as the Company’s OTCQB sponsor. B. Riley Securities, Inc. is a full-service investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the United States, providing corporate finance, research, sales and trading services.

The OTCQB offers early stage and developing international companies the benefits of being publicly traded in the U.S. without the complexity and cost of a U.S. exchange listing. As a verified market with efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.

Kliyul copper-gold project update

The start of the fully funded 2,500 metre diamond drill program at the Kliyul copper-gold project (“Kliyul” or “Project”) was delayed due to a wildfire that temporarily closed the main access road to the project area. The fire is now under control and the road is again open. However, Pacific Ridge will remain responsive to local conditions as required. Camp construction is nearly complete and the drill rig should arrive in the next several days. The Company expects that the drill program will commence shortly and will update investors when drilling starts.

Kliyul is located in Northwestern British Columbia (“B.C.”), approximately 50 km southeast of Centerra Gold Inc’s  Kemess mine and 5 km from the Omineca mining road and power line, in one of the most geochemically anomalous areas for copper and gold in the Quesnel Terrane. Historic drilling at Kliyul encountered significant copper-gold porphyry-related mineralization. For example, drill hole KJ-15-34 intercepted 245 metres of 0.75% CuEQ(see Pacific Ridge news release dated December 2, 2020) which is an indication of Kliyul’s potential.

Pacific Ridge utilized its newly constructed Kliyul database, which includes all the geological, geochemical, geophysical and drill data, to prioritize drill targets within the large and highly prospective Kliyul project area. The Company also drew upon the knowledge and expertise of Technical Advisory Committee members Jim Logan, M.Sc., an expert on the geology of B.C. porphyry copper deposits, and Dan Core (Fathom Geophysics), Ph.D., who is at the forefront of computer modelling and interpretation of geophysical data.

About Pacific Ridge

Our goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge’s flagship project is the Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold’s Kemess mine. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project and the Redton copper-gold project, both located in British Columbia. Pacific Ridge will continue to search for projects that offer discovery opportunity in our regions of expertise.  

On behalf of the Board of Directors,

“Blaine Monaghan”

Blaine Monaghan

President & CEO

Pacific Ridge Exploration Ltd.

Corporate Contact:

Blaine Monaghan

President & CEO

Tel: (604) 687-4951www.pacificridgeexploration.com

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