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Flow Metals Announces Phase Two Program Results

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Flow Metals Corp. (CSE: FWM) (“Flow Metals” or the “Company”) is pleased to announce results from the second phase summer program at the New Brenda Project located in south-central British Columbia.Highlights include:706 total soil samples taken over the Xenolith-Porphyry (“XP”) targetPotassic alteration and confirmed Cu-Ag porphyry mineralization in thin sectionNew 1100 by 1800m Cu-Ag-M-Zn anomaly, unconstrained to the north”The latest soil sample grid at XP has extended the kilometer-scale Ag-Cu-Mo anomaly over a coincidental magnetic-low. The larger and stronger soil anomaly to the northeast edge of the survey zone is slightly offset from the mag-low ring. The anomaly remains open to the north. Our focus is now to follow up with a grouping of 3.5km IP lines to highlight subsurface sulphides and generate drill targets,” commented Scott Sheldon CEO of Flow Metals.ResultsThe soil grid extension and infill to the north and east has resulted in a large higher grade anomalous zone spanning at least 1800m by 1100m. The new copper-molybdenum-zinc-silver anomaly is offset from the strongest portion of the mag destruction ring. XP Target HistoryIn 2018, a 10m wide outcrop with chalcopyrite mineralization was discovered and a grab sample was taken. The sample contained 0.67% Cu and 46.11 ppm Ag and elevated trace elements such as Bi, Te and U. The sample had pervasive potassic alteration in the form of biotite replacing hornblende. An airborne magnetic survey was later conducted in 2021 that revealed a large ring-shaped magnetic low anomaly directly underneath the rock sample.   Figure 1: (Top left) Copper values in soil, (Top right) Silver values in soil, (Bottom left) Molybdenum values in soil, (Bottom right) Zinc values in soil. Please see the following link for high definition images. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7235/189809_612bf0a7646e7984_00001full.jpgThe XP target represents a new Porphyry style geochemical and magnetic anomaly. XP is hosted in the Pennask batholith also seen at the neighboring Brenda mine to the east. The target is also near the contact with the Osprey Lake batholith which hosts the neighboring Elk mine to the west. The xenoliths from which XP gets its name are heavily altered Nicola volcanics that have been replaced by biotite.Director Resignation and AppointmentThe Company also announces that Mr. Adrian Smith has resigned from the Board of Directors and Mr. Harley Slade has been appointed in his place effective immediately. The Company wishes to thank Mr. Smith for his dedicated service on the Board of Directors. Mr. Slade is currently the President of Caveman Exploration, a company focused on providing exploration services in Canada. He first started working with Flow Metals in 2018 at both the New Brenda and Sixtymile projects. Mr. Slade holds a degree in Geology from Simon Fraser University.QAQC, Sample processingB-horizon soil samples were taken with chain of custody maintained until the samples were delivered to MS Analytical. Samples were analysed using ICPMS 4-acid digestion with standards and blanks inserted by the lab. The 706 results were analysed using statistical percentile probabilistic methods to determine anomalous values and regional baselines. Baseline and anomalous values will be further refined with more sample data.Qualified PersonAdrian Smith, P. Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.About Flow MetalsFlow Metals is a mining exploration company focused on advancing two 100% owned road access projects in established mining districts of British Columbia and Yukon.For further information, please contact:Scott Sheldon, President604.725.1857Scott@FlowMetals.comForward-Looking InformationThis press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. There are several risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.ca.The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189809

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Kutcho Copper Defines High Priority Drill Targets

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has completed target generation over its entire prospective project package that already hosts three volcanogenic massive sulphide (“VMS”) copper-zinc deposits – Main, Sumac and Esso. The exploration package encompasses several high priority targets, as well as a suite of longer lead target areas. The Esso West target is the highest priority and has geophysical and geologic characteristics very similar to the Esso deposit, the highest grade of the three known deposits at Kutcho and lies immediately along strike to the west.High Priority Targets:Esso West: 1,900 m strike by 500 m down dip coincident ZTEM1, VTEM2, magnetic, and seismic target that lies along strike to the west of the high-grade Esso deposit. Historical, drilling down dip, and at the eastern margin of the target returned an intercept of 7.2m @ 2.0% Cu and 5.2% Zn.Mother: 7.5 km long, partially coincident ZTEM and VTEM target. A total of four historical drill holes tested portions of the target and define a prospective geological environment for a potential VMS deposit, including surface rock chip samples that returned > 10% Cu, 0.10% Zn, 69 g/t Ag and 2.2 g/t Au over widths of 2.5 to 5cm.Far East: 3.5 km long, partially coincident ZTEM, VTEM and magnetic target. A total of four historical drill holes tested a 400 m strike length of the target and defined a prospective geological environment for potential VMS deposits, including anomalous copper and zinc values in syngenetic pyritic mudstones.Vince Sorace, President & CEO of Kutcho Copper comments: “We are pleased to have completed this phase of our target generation at Kutcho. The collection of new ZTEM, VTEM, magnetic and seismic data has given our technical team the tools to unlock the full value of the generations of exploration data collected on the project. This work defined a land package that encompasses over 60 strike km of fold-repeated favourable stratigraphy that we have distilled down to three compelling high priority targets and two additional favourable trends. We are looking forward to drill testing the Esso West and Mother targets, as well as advancing field evaluation of the Cairn, Far East and Sumac Ridge trends, in 2024.”Exploration TargetsThe targets have been prioritized by their similarity to known mineralization, strength of geophysical signatures and strength of supporting information (drilling, mapping, soil sampling, chip sampling, stream sampling, etc.). The highest priority group all lie within the Kutcho upper formation, where known mineralization occurs, including the Main, Sumac and Esso deposits. These priority targets include Esso West, Mother, and Far East. The other targets are on interpreted fold-repetitions of the same productive time horizon with similar volcanic stratigraphy to the south of the main trend and are less well explored. Figure 1: Overall Exploration Target Isometric View To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_002full.jpgEsso West TargetThe Esso West target covers an area of 1,900 m strike by 500 m down dip and is defined by a coincident ZTEM, VTEM, magnetic, and seismic anomaly that lies along strike and to the west of the high-grade Esso deposit. The target is bracketed by a total of five historic drillholes that consist of a combination of moderately to strongly sericite – pyrite altered quartz – crystals tuffs that correlate to the immediate hanging wall rocks to the Main, Sumac, and Esso deposits and sericite – pyrite altered lapilli tuffs, which are indicative of the foot wall sequence below the three known deposits. However, none of these holes directly tested the Esso West target. In addition, a fence of historical drillholes that were testing for the west extension of Esso mineralization struck the interpreted down dip eastern margin of the target and intersected semi-massive and massive sulphides in several holes and returned a best intercept of 7.2m @ 2.0% Cu and 5.2% Zn in E094B3. Esso West would be a key focus of planned drill testing during 2024. Figure 2: Esso West Target Plan View To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_003full.jpg    Figure 3: Esso West Target Morphology Isometric View* To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_004full.jpg *See news release dated February 11, 2021 for details of the Esso mineral resource estimate (“MRE”), including important required disclosures under National Instrument 43-101, as well assumptions, qualifications and exclusions used in preparing the MRE, cautionary language in respect of the inferred mineral resources and details of the Qualified Person responsible for the MRE. Additional information can be found in the Feasibility Study Technical Report dated effective November 8, 2021, which is intended to be read in its entirety. Mother TargetMother is a 7.5 km long, partially coincident ZTEM and VTEM target. A total of four historical drill holes have tested portions of the target and define a prospective geological environment for a potential VMS deposit. Two historical holes anchored on the western extents of the target intersected an interpreted felsic flow dome consisting of a combination of sericite altered quartz, quartz – feldspar and lapilli felsic tuffs similar to the setting of the Main, Sumac, and Esso deposits. Silica exhalates with jasperoid development, and bands of magnetite and semi massive – massive sulphides occur between felsic units. These exhalates returned surface rock chip samples that ranged from 2.3% to greater than 10% Cu, 0.04% – 0.10% Zn, 15 g/t – 69 g/t Ag and 0.3 g/t – 6.2 g/t Au over widths of 2.5 to 5cm. Two drillholes located 2 km and 5 km to the west of these holes intersected more distal felsic tuffaceous volcanic rocks and mudstones. The 2 km target segment between the felsic dome and distal basin mudstones is a prime environment for hosting potential VMS style mineralization. A preliminary ground program is planned for 2024, prior to drill testing the target. Figure 4: Mother exploration target To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_005full.jpg  Far East TargetFar East is a 3.5 km long partially coincident ZTEM and VTEM and magnetic target. A total of four historic drill holes have tested 400 m (or ~11%) of the strike length of the target and define a prospective geological environment for a potential VMS deposit where anomalous copper and zinc values in syngenetic pyritic mudstones occur between a combination of felsic crystal and lapilli volcanic tuffs. Discreet segments of the target are defined by VTEM and magnetic anomalies that are similar to those over the three known deposits. The far eastern end of the anomaly suggests the possibility of a new fold nose-type target. Figure 5: Far East exploration target To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_006full.jpg  Secondary TargetsPriority 2 targets present slightly different geologic environments to the known deposits. They are located in the Kutcho mid and lower formations which are yet to show significant results from exploration, however the strength of ZTEM/VTEM targets are compelling and additional field work is required to define drill targets. These target areas include Sumac Ridge and Cairn. Sumac Ridge lies within felsic volcanic rocks in the footwall of the known mineralization in an area of tight folding. The area has significant pyrite in outcrop and only two drillholes, located over 1,600 m apart, have tested this multi – kilometer target. Cairn is a new VTEM target, with supporting ZTEM, generated in 2023. This multi – kilometer target has only seen cursory mapping and reconnaissance rock sampling to date. A comprehensive ground exploration program is planned for 2024 to evaluate both the Sumac Ridge and Cairn targets. There are several more ZTEM and VTEM targets on the Kutcho Property. As more is learnt through the planned 2024 program, these other targets will be re-evaluated and prioritized for further work. Qualified PersonsThe technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, P.Eng. BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.About Kutcho Copper CorpKutcho Copper Corp is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho project and is positioned to advance permitting with the objective of getting to a positive construction decision.Vince SoracePresident & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp, please email info@kutcho.ca or visit our website at www.kutcho.ca.Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “looking forward”, “planned”, “potential”, “prospective” “targets” and similar expressions, or that events or conditions “will” or “would” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the results of the geophysical programs and their ability to define targets, if any, and whether or not such targets represent mineralization of potential economic interest; the Company’s ability to fund follow-up drill testing of any targets identified and the results of such follow-up work. In respect of the Company’s feasibility study referenced herein, material risks and uncertainties include the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.Kutcho is a mineral exploration focused company and the Company’s Projects are in the mineral exploration stage only. The degree of risk increases substantially where an issuer’s properties are in the mineral exploration stage as opposed to the development or operational stage. Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.Historical Information This news release includes historical information that has been reviewed by Kutcho’s qualified person. Kutcho’s review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, Kutcho cannot directly verify the accuracy of the historical data, including (but not limited to) the procedures used for sample collection and analysis. Therefore, any conclusions or interpretations borne from use of this data should be considered too speculative to suggest that additional exploration will result in mineral resource delineation. Kutcho encourages readers to exercise appropriate caution when evaluating these data and/or results.Historical drill core was geologically logged with lithologies identified and notable geological features recorded. Historical drill core was split in half (and in rare cases sawn in half) along sample intervals (lithology and mineralization dependent) generally less than 3 m. Chemical analysis was performed dominantly for base metals (Pb, Zn, Cu), and precious metal analysis (Au and Ag), and infrequently for and rarely for major elements and trace elements. Historically, different commercial laboratories were utilized. These lab facilities may or may not have had accreditation and in all cases accreditation (if applicable) pre-dated current ISO standards. Over that period, a variety of digestion and assay methods were used, including atomic absorption, fire assay atomic absorption, aqua regia atomic absorption and aqua regia ICP with varying detection limits. Reference materials (if any) were inserted at the analytical level and thus were unblind to the facility processing the samples.________________________1 ZTEM is the Z-Axis Tipper Electromagnetic is a geophysical technique utilizing natural earth currents to image the subsurface three-dimensional distribution of apparent resistivity to depths exceeding one kilometer.2 VTEM is the “Versatile Time-Domain Electromagnetic” technique and is useful for detecting and discriminating between moderate to excellent conductors.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189774

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Pacific Ridge Intersects 111.0 M of 0.45% Copper Equivalent or 0.67 g/t Gold Equivalent Within 600.4 M of 0.27% Copper Equivalent or 0.40 g/t Gold Equivalent at the Kliyul Copper-Gold Project; Drilling Further Expands Known Extents of Kliyul Main Zone Mineralization

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (“Pacific Ridge” or the “Company”) is pleased to announce results from diamond drill holes KLI-23-063 to KLI-23-066 from this year’s exploration program at the Kliyul copper-gold porphyry project (“Kliyul” or “Project”). Drill hole KLI-23-065 intersected 111.0 m of 0.45% copper equivalent (“CuEq”) or 0.67 g/t gold equivalent (“AuEq”) (0.24% copper, 0.30 g/t gold, and 0.70 g/t silver) within 600.4 m 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.53 g/t silver). Holes KLI-23-063 to KLI-23-066 have expanded the known extents of Kliyul Main Zone (“KMZ”) mineralization to ~750 m east-west, ~ 600 m north-south, and ~600 m vertical depth. Kliyul is located in the prolific Quesnel Terrane in northcentral British Columbia close to existing infrastructure (see Figure 1).HighlightsDrill hole KLI-23-065 intersected 111.0 m of 0.45% CuEq or 0.67 g/t AuEq (0.24% copper, 0.30 g/t gold, and 0.70 g/t silver) within 600.4 m of 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.53 g/t silver).Drill hole KLI-23-066 intersected 116.9 m of 0.44% CuEq or 0.65 g/t AuEq (0.28% copper, 0.22 g/t gold, and 0.96 g/t silver) within 299.0 m of 0.27% CuEq or 0.39 g/t AuEq (0.17% copper, 0.14 g/t gold, and 0.60 g/t silver).2023 drilling to date has expanded the known extents of KMZ mineralization to ~750 m east-west, ~ 600 m north-south, and ~ 600 m vertical depth. KMZ remains open in every direction.”2023 drilling to date has more than doubled the known extents of KMZ mineralization,” said Blaine Monaghan, President & CEO of Pacific Ridge. “At the end of 2022 the known extents of KMZ mineralization were ~600 m east-west, ~350 m north-south, and ~600 m vertical depth, the known extents are now ~750 m east-west, ~600 m north-south, and ~600 m vertical depth, an increase of more than 110%! I look forward to reporting the remaining three drill holes from Kliyul.”Pacific Ridge completed 19 diamond drill holes (KLI-23-051 to KLI-23-069) totaling 10,284 metres at Kliyul this year, the largest ever exploration program at the Project. The Company announced drill results for holes KLI-23-051 to KLI-23-054 in August with drill hole KLI-23-054 returning 305.5 m of 0.59% CuEq or 0.87 g/t AuEq (0.23% copper, 0.51 g/t gold, and 1.22 g/t silver) (see news release dated August 23, 2023). Pacific Ridge announced drill results for holes KLI-23-055 to KLI-23-059 in October with drill hole KLI-23-058 returning 103.5 m of 0.63% CuEq or 0.93 g/t AuEq (0.18% copper, 0.66 g/t gold, and 0.93 g/t silver) within 388.5 m of 0.42% CuEq or 0.62 g/t AuEq (0.18% copper, 0.35 g/t gold and 1.05 g/t silver) (see news release dated October 10, 2023). The Company announced drill results for KLI-23-59 to KLI-23-62 in November with drill hole KLI-23-062 returning 113.0 m of 0.48% CuEq or 0.71 g/t AuEq (0.22% copper, 0.36 g/t gold, and 1.65 g/t silver) within 485.7 m of 0.27% CuEq or 0.40 g/t AuEq (0.15% copper, 0.17 g/t gold, and 0.89 g/t silver) (see news release dated November 07, 2023). Results for the remaining three drill holes will be released once they are received and compiled.  Figure 1Location of Kliyul To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_001full.jpg   Figure 2Plan View of KMZ with Magnetic Vector Inversion (“MVI”) Amplitude Magnetics and Tilt Derivative (“TDR”) Anomaly Footprints To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_002full.jpg Figure 3Cross Section – Looking West-Northwest To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_003full.jpgTable 1 2023 Kliyul Assay Results Summary for Drill Holes KLI-23-063 to KLI-23-066HoleFrom(m)To(m)Width(m)Cu(%)Au(g/t)Ag(g/t)CuEq(%)*AuEq(g/t)**KLI-23-063536.0543.57.50.070.340.650.300.45KLI-23-064161.0166.05.00.050.581.870.450.67and230.0234.74.70.060.575.500.480.71and501.5507.45.90.040.571.250.430.64KLI-23-06510.7611.0600.40.140.180.530.270.40including90.0201.0111.00.240.300.700.450.67and256.2279.122.90.180.120.390.270.40and358.0467.8109.80.170.160.590.280.41and502.9611.0108.10.130.330.550.350.53and608.4610.01.60.1013.655.009.3213.85KLI-23-066161.0460.0299.00.170.140.600.270.39including201.0317.9116.90.280.220.960.440.65and349.4361.011.60.280.190.610.410.62and440.9460.019.10.250.170.800.370.55and627.0644.0 Ɨ17.00.050.140.600.150.22  *CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).**AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.There has been no metallurgical testing on Kliyul mineralization. The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on the average recoveries from Kemess Underground, Mount Milligan, and Red Chris.)Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.Ɨ End of hole Click on the link below to view drill results from previous holes that Pacific Ridge completed at Kliyul, holes KLI-21-036 to KLI-23-0622023-12-05_assay_summary_-_pacific_ridge_drill_holes.pdfDiscussion of Drill Holes KLI-23-063 to KLI-23-066Drill holes KLI-23-063 to KLI-23-066 tested for northern, western and eastern extensions of KMZ, stepping out farther into adjacent fault blocks in those directions. The step-outs varied in size and included a double step-out in KMZ East with KLI-23-063 being drilled 1 km east of KMZ and KLI-23-066 being drilled 500 m to the east. This offers a unique east-west sectional perspective on mineralization styles associated with KMZ over a kilometre distance. In addition, KLI-23-065 stepped out 200 m to the southwest of KMZ, adding to the east-west drilling section. The collar-to-collar distance from KLI-23-065 in KMZ West to KLI-23-063 in KMZ East is 1240 m, representing the entire lateral extent of the known KMZ porphyry system. In addition, KLI-23-066 provided a test of the TDR filtered model of aeromagnetic data being used as an alternative porphyry footprint delineator to the near-surface expression of the 3D MVI Induced model. Whereas KLI-23-066 lies outside the interpreted footprint boundary of the MVI, it is within the boundary of the TDR. This is significant because the TDR is being utilized for its ability to enhance low amplitude magnetic anomalies (including structural trends) such that satellite magnetic anomalies to KMZ central zone can be better resolved. There are large (200-250 m diameter) TDR anomalies in the northeast part of KMZ North (see Figure 2) that have only been marginally tested with drilling, including by KLI-22-046 which returned 59.0 m of 0.89% CuEq (0.24% copper, 0.87 g/t gold, and 2.29 g/t silver) within 169 m of 0.55% CuEq (0.20% copper, 0.46 g/t Au, and 1.65 g/t Ag) (see news release dated January 18, 2023). Intersecting mineralization in KLI-23-066 adds confidence to targeting the northeastern TDR anomalies in 2024.Drill hole KLI-23-064 was collared from the same location as KLI-23-060 in KMZ North and drilled at moderate inclination to the north to test for an extension of KMZ mineralization to the northwest of the KMZ central zone and intersected predominantly late-mineral diorite. It also provided a test of the TDR versus MVI footprint models as this drill hole is fully within the MVI footprint but drills outside of the TDR. Results indicate that there is continuity of mineralization between KMZ and KMZ West across the Lui Fault and mineralization extends as much as 135 m farther to the west-southwest of KLI-22-050. It remains open in the west, including at depth. Results also indicate that mineralization is continuous for another 100 m to the east of KLI-22-049 in KMZ East and confirms that the TDR footprint is a reliable indicator of KMZ mineral potential at depth. Mineralization remains open in KMZ East and at depth. With these step-outs, the known east-west extent of KMZ mineralization is now 750 m. Furthermore, detailed review of precious and base metal ratios (gold: copper and silver: gold) of KMZ mineralization across the 1240 m-long east-west section suggests there are at least three different laterally zoned mineralization signatures: Distal D-veins (quartz-sericite-pyrite) and/or local skarn occurrences; intermediate or peripheral style mineralization with stronger chlorite-sericite alteration relative to magnetite; and KMZ-proximal (proximal to plutonic source) with stronger magnetite relative to chlorite-sericite. Work is continuing to refine these mineralization signatures and related domains to determine their deposit-scale geometry in order to more precisely vector towards higher grade mineralization in 2024. The next batch of results, the last three 2023 diamond drill holes (KLI-23-067 to KLI-23-069), will support expansion of this modelling across Valley Fault and into KMZ North.Summary of Drill Holes KLI-23-063 to KLI-23-066KLI-23-063 (azimuth 270°, inclination -60°, planned length 400 m, drilled length 566 m) was collared in KMZ East, 1 km east of the KMZ central area. It tested a pipe shaped subtle MVI and TDR magnetic anomaly that merges with a larger magnetic anomaly at depth and a coincident chargeability high. The shape of the geophysical feature resembles an apophysis branching off the deep KMZ East geophysical anomaly to shallow levels. Surface geochemistry is anomalous in high-level porphyry pathfinder elements copper, tin, tellurium, bismuth and antimony.Lithology consists mainly of volcaniclastic andesite to 352 m. Narrow units (up to 9.4 m wide) of augite porphyry occur with narrow late-mineral diorite dykes (up to 7.1 m wide). After 352 m, diorite becomes the predominant lithology to end-of-hole with late-mineral diorite dykes becoming abundant beyond 432 m. A 30.7 m wide fault zone was encountered from 441.4-472.1 m.Alteration is predominantly chlorite-sericite with weak patchy magnetite. Locally strong sericitic alteration and banded chlorite occurs near shear zones. Propylitic alteration is weak to moderate with patchy and vein-controlled epidote. Late-stage anhydrite veins are common.Mineralization includes a weakly mineralized interval from 84-102 m grading 0.01% copper, 0.16 g/t gold and 0.32 g/t silver that is associated quartz-pyrite veins (D-veins). A 0.68 m wide interval at 262.5 m with 0.26% copper, 0.43 g/t gold and 1.66 g/t silver is associated with an augite porphyry dyke and a bornite-chalcopyrite bearing quartz vein. From 536-543.5 m, there is a 7.5 m interval with 0.07% copper, 0.34 g/t gold and 0.65 g/t silver associated with a quartz-pyrite-chalcopyrite vein. Molybdenum and tungsten are also anomalous in these veins. This deepest intersection is significant because it represents mineralization at the eastern margin of a coincident magnetic-chargeability-resistivity high geophysical anomaly starting at 350 m vertical depth that is continuous across all KMZ East and back to KMZ.KLI-23-064 (azimuth 360°, inclination -75°, planned length 600 m, drilled length 548 m) was drilled from the same pad as KLI-23-060 in KMZ North and tested the northwest part of KMZ North where there was no historical drilling. Drilling tested the northern margin of the MVI anomaly and a coincident geophysical anomaly of interest.Lithology is predominately late-mineral diorite with lesser early-mineral diorite and volcaniclastic andesite. Alternating early- and late-mineral diorite phases and volcaniclastic andesite occurs throughout much of the drill hole suggesting drilling may have been at shallow angle to a late-mineral diorite dyke or sheeted dyke series and a fault. Narrow (< 3 m) feldspar porphyry and andesite dykes are noted locally. There is intermittent faulting and shearing between 133-388.7 m. A narrow (6.3 m wide) megacrystic feldspar porphyry dyke was encountered at 532 m.Alteration is pervasive propylitic (epidote ± albite) with local moderate chlorite-sericite. Epidote, with pyrite and calcite occurs in veins. Potassic alteration occurs as patchy magnetite-chlorite ± biotite and diffuse magnetite veinlets. Local actinolite-quartz ± chlorite veins increase after 397 m depth.Mineralization includes several narrow zones of low-grade mineralization including a 5 m interval from 161-166 m of 0.05% copper, 0.58 g/t gold, 1.87 g/t silver, 0.46% zinc, 0.15% lead that is associated with a calcite-sphalerite-hematite base metal vein. From 230-234.7 m, there is a 4.7 m interval of 0.06% copper, 0.57 g/t gold and 5.50 g/t silver that is associated with 10-40 cm wide white quartz veins with weakly anomalous molybdenum, zinc, tungsten, and tellurium. From 501.5-507.4 m there is a 5.9 m interval of 0.04% copper, 0.57 g/t gold and 1.25 g/t silver that is associated with a 50 cm wide quartz-pyrite vein and shear foliation. It is also weakly anomalous in molybdenum, tungsten, and tellurium.KLI-23-065 (azimuth 060°, inclination -80°, planned length 400 m, drilled length 650 m) was collared 100 m southwest of the Lui Fault in the KMZ West zone. It was designed to drill steeply and test for a continuation of KMZ mineralization into KMZ West. Lithology is mainly volcaniclastic andesite host rock (63%) with intermittent quartz diorite dykes (21%) up to 49 m wide, and feldspar ± hornblende porphyry dykes (10%) up to 20 m wide. Additional units include a hornblende andesite dyke (6.9 m wide) at 467.8 m and a late-mineral diorite dyke (21.7 m wide) at 615.3 m. The Lui Fault was not clearly intersected but the combination of late-mineral diorite, sodic-calcic alteration, wavy vein fabrics, banded chlorite, and a gold-rich quartz vein with banded to massive pyrite suggests drilling intersected the fault zone starting around 540 m.Alteration is mainly chlorite-sericite overprinting weak patchy magnetite. Inner propylitic alteration includes epidote patches and epidote ± chlorite in intermediate-stage veins. Sodic-calcic (albite-actinolite-chlorite) alteration with patchy sericitic alteration intensifies after 550 m. Mineralization includes the 111.0 m interval from 90-201 m of 0.24% copper, 0.30 g/t gold and 0.70 g/t silver. It is associated with disseminated pyrite-chalcopyrite, early-stage quartz-magnetite-chalcopyrite veins, and intermediate-stage anhydrite-chalcopyrite-pyrite ± epidote veins. A 109.8 m interval from 358-467.8 m of 0.17% copper, 0.16 g/t gold and 0.59 g/t silver is associated with early- and intermediate-stage quartz-chalcopyrite-pyrite and anhydrite-chalcopyrite veins, and quartz-sulfide veins with sericitic alteration (D-veins); this interval also has a continuous weak molybdenum anomaly averaging 27.2 ppm. A 35 m interval from 576-611 m of 0.09% copper, 0.76 g/t gold and 0.75 g/t silver is similarly associated with early- to intermediate-stage veins and quartz-sulfide veins with actinolite, banded chlorite and banded-to-massive pyrite. This banded vein returned 1.56 m of 0.10% copper, 13.65 g/t gold, and 5.0 g/t silver. The 35 m interval is weakly anomalous in molybdenum (9.1 ppm) and the banded vein in tellurium and tungsten.KLI-23-066 (azimuth 175°, inclination -65°, planned length 700 m, drilled length 644 m) stepped out 100 m east of KLI-23-049 in KMZ East. It tested a margin of the same deep chargeability high anomaly that KLI-23-063 tested farther to the east. In addition to testing for an expansion of KMZ East, it was designed to cross the Divide Lake Fault at depth and test the deep southeastern part of the KMZ central block.Lithological units alternate between volcaniclastic andesite (34%; average length of 9.5 m), quartz diorite (48%; average length of 9.4 m), feldspar ± hornblende porphyry and aplite dykes (14%; average length of 8.1 m), and andesite dykes (2%; average length of 0.9 m).Alteration is chlorite-sericite with locally stronger sericitization. There is accompanying inner-propylitic alteration that includes vein-hosted epidote and propylitic altered FHP dykes. Magnetite is trace-to-weak but becomes patchy and vein-hosted after 161 m.Mineralization includes disseminated and vein-hosted pyrite and chalcopyrite, and chalcopyrite associated with magnetite. The 116.9 m interval from 201-317.9 m of 0.28% copper, 0.22 g/t gold, and 0.96 g/t silver is related to early-stage quartz-magnetite-sulfide veins and stronger magnetite alteration. A 17 m interval from 627-644 m (end-of-hole) of 0.05% copper, 0.14 g/t gold, and 0.60 g/t silver is related to a quartz-molybdenite vein with strong sericitic alteration. The vein is anomalous in molybdenum (86.3 ppm) and tungsten.About KliyulOwned 100% by Pacific Ridge, the Kliyul copper-gold project ("Kliyul" or the "Project") is over 90 km2 in size and is located in the prolific Quesnel Terrane close to existing infrastructure. Kliyul hosts a number of compelling exploration targets, including the Kliyul Main Zone ("KMZ") which has been the Company's focus since acquiring the Project in 2020. Subsequently, Pacific Ridge has completed more than 17,500 m of diamond drilling and has expanded the known extents of KMZ mineralization to 750 m east-west, up to 600 m north-south, and up to 600 m vertical depth. KMZ remains open in every direction.QA/QC (Quality Assurance/Quality Control)Pacific Ridge's 2023 exploration program is being managed by Equity Exploration Consultants Ltd. of Vancouver, B.C. The drill contractor was Paycore Drilling of Valemount, B.C. Half-core HQ (63.5 mm) or NQ (47.6 mm) sawed samples from continuous intervals throughout the reported drill holes were sealed on site and shipped to ALS Global Laboratories ("ALS") preparation lab in Reno. Fire assay and multielement analyses were completed at ALS Minerals analytical laboratory in North Vancouver. Drill core was crushed, pulverized and analyzed for 48 elements using a four-acid dissolution followed by ICP-MS (ME-MS61) with over limits by ore grade four-acid dissolution followed by ICP-AES (OG62), with a 30 g sample analyzed for gold by fire assay and atomic absorption finish (Au-AA23). Blanks and commercially certified reference materials were inserted blind into the sample stream with an overall insertion rate of 5%. Field duplicates representing a quarter core split of the original sample are inserted at 2.5%. Pulp and crush duplicates are inserted at 5% insertion rate by the laboratory. The QAQC results are reviewed as batches are returned from the laboratory and appropriate actions are implemented where required. The QA/QC results for the reported drill holes are acceptable.About Pacific RidgeOur goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel Terrane close to existing infrastructure. In addition to Kliyul, the Company's project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.On behalf of the Board of Directors,"Blaine Monaghan"Blaine MonaghanPresident & CEOPacific Ridge Exploration Ltd.Corporate Contact:Blaine MonaghanPresident & CEOTel: (604) 687-4951www.pacificridgeexploration.comhttps://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-https://twitter.com/PacRidge_PEXInvestor Contact:G2 Consultants Corp.Telephone: +1 778-678-9050Email: ir@pacificridgeexploration.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189844

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MTB Reports Final Results from Drilling on the Red Cliff Copper-Gold Project as Reported from Our Joint Venture Partner, Decade Resources

December 5, 2023

Montrose Zone extended to the north.Parallel en echelon gold bearing shoots within a 40-metre-wide zone.Ground between the Montrose and Red Cliff Zones remains untested.Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: E8H) (“MTB” or the “Company”) reports results from the second phase of drilling on the Red Cliff property located near Stewart, BC in the “Golden Triangle” area. MTB owns a 35% interest in the project with Decade Resources Ltd. (“DEC” or “Decade”) owning the remaining 65%. Decade is the operator.The property is host to numerous historic workings and showings including from south to north, the historic Red Cliff mine, the Chimney Zone, the Road Zone, the Water Pump Zone, the lower and upper Montrose Zones, and the Waterloo Zone. The gold bearing showings occur along a north-northwest striking belt that is at least 2 kilometres in length. Mineralization occurs in steeply plunging en-echelon ore shoots within this broad trend and there is high potential for the discovery of other ore shoots within this belt. Splays off the main trend have also been identified in historic drilling.The Montrose Zone is complex and may consist of several ore shoots within a wide interval of altered rocks. It is associated with latite intrusive that has altered the adjoining country rock, obscuring the contacts. One to ten percent fine grained pyrite is present throughout the mineralized zones. Veining within the intrusive and contact areas consists of sphalerite-galena-minor chalcopyrite mineralization. Fine visible gold is commonly noted in these veinlets. Later stage chalcopyrite-pyrite-quartz veins are present along the west side of the mineralized zone. Coarse visible gold is commonly present in the later mineralization. The Montrose zone is north-south trending with cross-cutting east-west trending veins from 2 to 5 m wide. Historic reports make mention of massive sulphide veins up to 2.5 m with reported assays up to 270 g/t gold and as well as 49 g/t gold over 0.5 m. This historic sampling has not been verified by either MTB or DEC. The 2023 program was designed to test the northern extension of the Montrose Zone as well as define near surface high grade gold-copper for a potential 10,000 tonne bulk test in the Upper Montrose area. Drilling results for both phase 1 (reported in MTB NR, July 18, 2023) and phase 2 are shown below.Table 1 – Results, Phase 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5332/189858_9ff0f7a9342e0b16_001full.jpgTable 2 – Results, Phase 1 (as reported in MTB NR, July 18, 2023)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5332/189858_9ff0f7a9342e0b16_002full.jpgAbout MTBMTB has six active projects spanning 670 square kilometres (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.Telegraph is located in the vicinity of 4 world-class porphyry deposits being advanced by major mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). Field work by MTB on its 344 square kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to others in the area.The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 km from the deep-water port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered 5 kgs of silver over 5 metres. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. Recent drill results include 2 meters of 26 g/t gold.On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Several targets with high-grade silver potential remain to be tested. On the Theia project, work by MTB and previous explorers has outlined a silver bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5%.Southmore is in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s and was overlooked until MTB consolidated the property and carried out airborne geophysics and field work which confirmed several zones of gold and copper, with values up to 20% copper and 35 g/t gold.On behalf of the Board of Directors:Lawrence RoulstonPresident & CEOFor further information, contact: Caroline Klukowskicaroline@mtb-metals.comNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This news release may contain certain “forward-looking statements”. Forward-Looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189858

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Flow Metals Announces Phase Two Program Results

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Flow Metals Corp. (CSE: FWM) (“Flow Metals” or the “Company”) is pleased to announce results from the second phase summer program at the New Brenda Project located in south-central British Columbia.Highlights include:706 total soil samples taken over the Xenolith-Porphyry (“XP”) targetPotassic alteration and confirmed Cu-Ag porphyry mineralization in thin sectionNew 1100 by 1800m Cu-Ag-M-Zn anomaly, unconstrained to the north”The latest soil sample grid at XP has extended the kilometer-scale Ag-Cu-Mo anomaly over a coincidental magnetic-low. The larger and stronger soil anomaly to the northeast edge of the survey zone is slightly offset from the mag-low ring. The anomaly remains open to the north. Our focus is now to follow up with a grouping of 3.5km IP lines to highlight subsurface sulphides and generate drill targets,” commented Scott Sheldon CEO of Flow Metals.ResultsThe soil grid extension and infill to the north and east has resulted in a large higher grade anomalous zone spanning at least 1800m by 1100m. The new copper-molybdenum-zinc-silver anomaly is offset from the strongest portion of the mag destruction ring. XP Target HistoryIn 2018, a 10m wide outcrop with chalcopyrite mineralization was discovered and a grab sample was taken. The sample contained 0.67% Cu and 46.11 ppm Ag and elevated trace elements such as Bi, Te and U. The sample had pervasive potassic alteration in the form of biotite replacing hornblende. An airborne magnetic survey was later conducted in 2021 that revealed a large ring-shaped magnetic low anomaly directly underneath the rock sample.   Figure 1: (Top left) Copper values in soil, (Top right) Silver values in soil, (Bottom left) Molybdenum values in soil, (Bottom right) Zinc values in soil. Please see the following link for high definition images. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7235/189809_612bf0a7646e7984_00001full.jpgThe XP target represents a new Porphyry style geochemical and magnetic anomaly. XP is hosted in the Pennask batholith also seen at the neighboring Brenda mine to the east. The target is also near the contact with the Osprey Lake batholith which hosts the neighboring Elk mine to the west. The xenoliths from which XP gets its name are heavily altered Nicola volcanics that have been replaced by biotite.Director Resignation and AppointmentThe Company also announces that Mr. Adrian Smith has resigned from the Board of Directors and Mr. Harley Slade has been appointed in his place effective immediately. The Company wishes to thank Mr. Smith for his dedicated service on the Board of Directors. Mr. Slade is currently the President of Caveman Exploration, a company focused on providing exploration services in Canada. He first started working with Flow Metals in 2018 at both the New Brenda and Sixtymile projects. Mr. Slade holds a degree in Geology from Simon Fraser University.QAQC, Sample processingB-horizon soil samples were taken with chain of custody maintained until the samples were delivered to MS Analytical. Samples were analysed using ICPMS 4-acid digestion with standards and blanks inserted by the lab. The 706 results were analysed using statistical percentile probabilistic methods to determine anomalous values and regional baselines. Baseline and anomalous values will be further refined with more sample data.Qualified PersonAdrian Smith, P. Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.About Flow MetalsFlow Metals is a mining exploration company focused on advancing two 100% owned road access projects in established mining districts of British Columbia and Yukon.For further information, please contact:Scott Sheldon, President604.725.1857Scott@FlowMetals.comForward-Looking InformationThis press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. There are several risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.ca.The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189809

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Kutcho Copper Defines High Priority Drill Targets

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has completed target generation over its entire prospective project package that already hosts three volcanogenic massive sulphide (“VMS”) copper-zinc deposits – Main, Sumac and Esso. The exploration package encompasses several high priority targets, as well as a suite of longer lead target areas. The Esso West target is the highest priority and has geophysical and geologic characteristics very similar to the Esso deposit, the highest grade of the three known deposits at Kutcho and lies immediately along strike to the west.High Priority Targets:Esso West: 1,900 m strike by 500 m down dip coincident ZTEM1, VTEM2, magnetic, and seismic target that lies along strike to the west of the high-grade Esso deposit. Historical, drilling down dip, and at the eastern margin of the target returned an intercept of 7.2m @ 2.0% Cu and 5.2% Zn.Mother: 7.5 km long, partially coincident ZTEM and VTEM target. A total of four historical drill holes tested portions of the target and define a prospective geological environment for a potential VMS deposit, including surface rock chip samples that returned > 10% Cu, 0.10% Zn, 69 g/t Ag and 2.2 g/t Au over widths of 2.5 to 5cm.Far East: 3.5 km long, partially coincident ZTEM, VTEM and magnetic target. A total of four historical drill holes tested a 400 m strike length of the target and defined a prospective geological environment for potential VMS deposits, including anomalous copper and zinc values in syngenetic pyritic mudstones.Vince Sorace, President & CEO of Kutcho Copper comments: “We are pleased to have completed this phase of our target generation at Kutcho. The collection of new ZTEM, VTEM, magnetic and seismic data has given our technical team the tools to unlock the full value of the generations of exploration data collected on the project. This work defined a land package that encompasses over 60 strike km of fold-repeated favourable stratigraphy that we have distilled down to three compelling high priority targets and two additional favourable trends. We are looking forward to drill testing the Esso West and Mother targets, as well as advancing field evaluation of the Cairn, Far East and Sumac Ridge trends, in 2024.”Exploration TargetsThe targets have been prioritized by their similarity to known mineralization, strength of geophysical signatures and strength of supporting information (drilling, mapping, soil sampling, chip sampling, stream sampling, etc.). The highest priority group all lie within the Kutcho upper formation, where known mineralization occurs, including the Main, Sumac and Esso deposits. These priority targets include Esso West, Mother, and Far East. The other targets are on interpreted fold-repetitions of the same productive time horizon with similar volcanic stratigraphy to the south of the main trend and are less well explored. Figure 1: Overall Exploration Target Isometric View To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_002full.jpgEsso West TargetThe Esso West target covers an area of 1,900 m strike by 500 m down dip and is defined by a coincident ZTEM, VTEM, magnetic, and seismic anomaly that lies along strike and to the west of the high-grade Esso deposit. The target is bracketed by a total of five historic drillholes that consist of a combination of moderately to strongly sericite – pyrite altered quartz – crystals tuffs that correlate to the immediate hanging wall rocks to the Main, Sumac, and Esso deposits and sericite – pyrite altered lapilli tuffs, which are indicative of the foot wall sequence below the three known deposits. However, none of these holes directly tested the Esso West target. In addition, a fence of historical drillholes that were testing for the west extension of Esso mineralization struck the interpreted down dip eastern margin of the target and intersected semi-massive and massive sulphides in several holes and returned a best intercept of 7.2m @ 2.0% Cu and 5.2% Zn in E094B3. Esso West would be a key focus of planned drill testing during 2024. Figure 2: Esso West Target Plan View To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_003full.jpg    Figure 3: Esso West Target Morphology Isometric View* To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_004full.jpg *See news release dated February 11, 2021 for details of the Esso mineral resource estimate (“MRE”), including important required disclosures under National Instrument 43-101, as well assumptions, qualifications and exclusions used in preparing the MRE, cautionary language in respect of the inferred mineral resources and details of the Qualified Person responsible for the MRE. Additional information can be found in the Feasibility Study Technical Report dated effective November 8, 2021, which is intended to be read in its entirety. Mother TargetMother is a 7.5 km long, partially coincident ZTEM and VTEM target. A total of four historical drill holes have tested portions of the target and define a prospective geological environment for a potential VMS deposit. Two historical holes anchored on the western extents of the target intersected an interpreted felsic flow dome consisting of a combination of sericite altered quartz, quartz – feldspar and lapilli felsic tuffs similar to the setting of the Main, Sumac, and Esso deposits. Silica exhalates with jasperoid development, and bands of magnetite and semi massive – massive sulphides occur between felsic units. These exhalates returned surface rock chip samples that ranged from 2.3% to greater than 10% Cu, 0.04% – 0.10% Zn, 15 g/t – 69 g/t Ag and 0.3 g/t – 6.2 g/t Au over widths of 2.5 to 5cm. Two drillholes located 2 km and 5 km to the west of these holes intersected more distal felsic tuffaceous volcanic rocks and mudstones. The 2 km target segment between the felsic dome and distal basin mudstones is a prime environment for hosting potential VMS style mineralization. A preliminary ground program is planned for 2024, prior to drill testing the target. Figure 4: Mother exploration target To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_005full.jpg  Far East TargetFar East is a 3.5 km long partially coincident ZTEM and VTEM and magnetic target. A total of four historic drill holes have tested 400 m (or ~11%) of the strike length of the target and define a prospective geological environment for a potential VMS deposit where anomalous copper and zinc values in syngenetic pyritic mudstones occur between a combination of felsic crystal and lapilli volcanic tuffs. Discreet segments of the target are defined by VTEM and magnetic anomalies that are similar to those over the three known deposits. The far eastern end of the anomaly suggests the possibility of a new fold nose-type target. Figure 5: Far East exploration target To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3735/189774_1284a5e104908bf2_006full.jpg  Secondary TargetsPriority 2 targets present slightly different geologic environments to the known deposits. They are located in the Kutcho mid and lower formations which are yet to show significant results from exploration, however the strength of ZTEM/VTEM targets are compelling and additional field work is required to define drill targets. These target areas include Sumac Ridge and Cairn. Sumac Ridge lies within felsic volcanic rocks in the footwall of the known mineralization in an area of tight folding. The area has significant pyrite in outcrop and only two drillholes, located over 1,600 m apart, have tested this multi – kilometer target. Cairn is a new VTEM target, with supporting ZTEM, generated in 2023. This multi – kilometer target has only seen cursory mapping and reconnaissance rock sampling to date. A comprehensive ground exploration program is planned for 2024 to evaluate both the Sumac Ridge and Cairn targets. There are several more ZTEM and VTEM targets on the Kutcho Property. As more is learnt through the planned 2024 program, these other targets will be re-evaluated and prioritized for further work. Qualified PersonsThe technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, P.Eng. BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.About Kutcho Copper CorpKutcho Copper Corp is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho project and is positioned to advance permitting with the objective of getting to a positive construction decision.Vince SoracePresident & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp, please email info@kutcho.ca or visit our website at www.kutcho.ca.Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “looking forward”, “planned”, “potential”, “prospective” “targets” and similar expressions, or that events or conditions “will” or “would” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the results of the geophysical programs and their ability to define targets, if any, and whether or not such targets represent mineralization of potential economic interest; the Company’s ability to fund follow-up drill testing of any targets identified and the results of such follow-up work. In respect of the Company’s feasibility study referenced herein, material risks and uncertainties include the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.Kutcho is a mineral exploration focused company and the Company’s Projects are in the mineral exploration stage only. The degree of risk increases substantially where an issuer’s properties are in the mineral exploration stage as opposed to the development or operational stage. Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.Historical Information This news release includes historical information that has been reviewed by Kutcho’s qualified person. Kutcho’s review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, Kutcho cannot directly verify the accuracy of the historical data, including (but not limited to) the procedures used for sample collection and analysis. Therefore, any conclusions or interpretations borne from use of this data should be considered too speculative to suggest that additional exploration will result in mineral resource delineation. Kutcho encourages readers to exercise appropriate caution when evaluating these data and/or results.Historical drill core was geologically logged with lithologies identified and notable geological features recorded. Historical drill core was split in half (and in rare cases sawn in half) along sample intervals (lithology and mineralization dependent) generally less than 3 m. Chemical analysis was performed dominantly for base metals (Pb, Zn, Cu), and precious metal analysis (Au and Ag), and infrequently for and rarely for major elements and trace elements. Historically, different commercial laboratories were utilized. These lab facilities may or may not have had accreditation and in all cases accreditation (if applicable) pre-dated current ISO standards. Over that period, a variety of digestion and assay methods were used, including atomic absorption, fire assay atomic absorption, aqua regia atomic absorption and aqua regia ICP with varying detection limits. Reference materials (if any) were inserted at the analytical level and thus were unblind to the facility processing the samples.________________________1 ZTEM is the Z-Axis Tipper Electromagnetic is a geophysical technique utilizing natural earth currents to image the subsurface three-dimensional distribution of apparent resistivity to depths exceeding one kilometer.2 VTEM is the “Versatile Time-Domain Electromagnetic” technique and is useful for detecting and discriminating between moderate to excellent conductors.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189774

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Pacific Ridge Intersects 111.0 M of 0.45% Copper Equivalent or 0.67 g/t Gold Equivalent Within 600.4 M of 0.27% Copper Equivalent or 0.40 g/t Gold Equivalent at the Kliyul Copper-Gold Project; Drilling Further Expands Known Extents of Kliyul Main Zone Mineralization

December 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (“Pacific Ridge” or the “Company”) is pleased to announce results from diamond drill holes KLI-23-063 to KLI-23-066 from this year’s exploration program at the Kliyul copper-gold porphyry project (“Kliyul” or “Project”). Drill hole KLI-23-065 intersected 111.0 m of 0.45% copper equivalent (“CuEq”) or 0.67 g/t gold equivalent (“AuEq”) (0.24% copper, 0.30 g/t gold, and 0.70 g/t silver) within 600.4 m 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.53 g/t silver). Holes KLI-23-063 to KLI-23-066 have expanded the known extents of Kliyul Main Zone (“KMZ”) mineralization to ~750 m east-west, ~ 600 m north-south, and ~600 m vertical depth. Kliyul is located in the prolific Quesnel Terrane in northcentral British Columbia close to existing infrastructure (see Figure 1).HighlightsDrill hole KLI-23-065 intersected 111.0 m of 0.45% CuEq or 0.67 g/t AuEq (0.24% copper, 0.30 g/t gold, and 0.70 g/t silver) within 600.4 m of 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.53 g/t silver).Drill hole KLI-23-066 intersected 116.9 m of 0.44% CuEq or 0.65 g/t AuEq (0.28% copper, 0.22 g/t gold, and 0.96 g/t silver) within 299.0 m of 0.27% CuEq or 0.39 g/t AuEq (0.17% copper, 0.14 g/t gold, and 0.60 g/t silver).2023 drilling to date has expanded the known extents of KMZ mineralization to ~750 m east-west, ~ 600 m north-south, and ~ 600 m vertical depth. KMZ remains open in every direction.”2023 drilling to date has more than doubled the known extents of KMZ mineralization,” said Blaine Monaghan, President & CEO of Pacific Ridge. “At the end of 2022 the known extents of KMZ mineralization were ~600 m east-west, ~350 m north-south, and ~600 m vertical depth, the known extents are now ~750 m east-west, ~600 m north-south, and ~600 m vertical depth, an increase of more than 110%! I look forward to reporting the remaining three drill holes from Kliyul.”Pacific Ridge completed 19 diamond drill holes (KLI-23-051 to KLI-23-069) totaling 10,284 metres at Kliyul this year, the largest ever exploration program at the Project. The Company announced drill results for holes KLI-23-051 to KLI-23-054 in August with drill hole KLI-23-054 returning 305.5 m of 0.59% CuEq or 0.87 g/t AuEq (0.23% copper, 0.51 g/t gold, and 1.22 g/t silver) (see news release dated August 23, 2023). Pacific Ridge announced drill results for holes KLI-23-055 to KLI-23-059 in October with drill hole KLI-23-058 returning 103.5 m of 0.63% CuEq or 0.93 g/t AuEq (0.18% copper, 0.66 g/t gold, and 0.93 g/t silver) within 388.5 m of 0.42% CuEq or 0.62 g/t AuEq (0.18% copper, 0.35 g/t gold and 1.05 g/t silver) (see news release dated October 10, 2023). The Company announced drill results for KLI-23-59 to KLI-23-62 in November with drill hole KLI-23-062 returning 113.0 m of 0.48% CuEq or 0.71 g/t AuEq (0.22% copper, 0.36 g/t gold, and 1.65 g/t silver) within 485.7 m of 0.27% CuEq or 0.40 g/t AuEq (0.15% copper, 0.17 g/t gold, and 0.89 g/t silver) (see news release dated November 07, 2023). Results for the remaining three drill holes will be released once they are received and compiled.  Figure 1Location of Kliyul To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_001full.jpg   Figure 2Plan View of KMZ with Magnetic Vector Inversion (“MVI”) Amplitude Magnetics and Tilt Derivative (“TDR”) Anomaly Footprints To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_002full.jpg Figure 3Cross Section – Looking West-Northwest To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/189844_95d596ac148798d6_003full.jpgTable 1 2023 Kliyul Assay Results Summary for Drill Holes KLI-23-063 to KLI-23-066HoleFrom(m)To(m)Width(m)Cu(%)Au(g/t)Ag(g/t)CuEq(%)*AuEq(g/t)**KLI-23-063536.0543.57.50.070.340.650.300.45KLI-23-064161.0166.05.00.050.581.870.450.67and230.0234.74.70.060.575.500.480.71and501.5507.45.90.040.571.250.430.64KLI-23-06510.7611.0600.40.140.180.530.270.40including90.0201.0111.00.240.300.700.450.67and256.2279.122.90.180.120.390.270.40and358.0467.8109.80.170.160.590.280.41and502.9611.0108.10.130.330.550.350.53and608.4610.01.60.1013.655.009.3213.85KLI-23-066161.0460.0299.00.170.140.600.270.39including201.0317.9116.90.280.220.960.440.65and349.4361.011.60.280.190.610.410.62and440.9460.019.10.250.170.800.370.55and627.0644.0 Ɨ17.00.050.140.600.150.22  *CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).**AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.There has been no metallurgical testing on Kliyul mineralization. The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on the average recoveries from Kemess Underground, Mount Milligan, and Red Chris.)Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.Ɨ End of hole Click on the link below to view drill results from previous holes that Pacific Ridge completed at Kliyul, holes KLI-21-036 to KLI-23-0622023-12-05_assay_summary_-_pacific_ridge_drill_holes.pdfDiscussion of Drill Holes KLI-23-063 to KLI-23-066Drill holes KLI-23-063 to KLI-23-066 tested for northern, western and eastern extensions of KMZ, stepping out farther into adjacent fault blocks in those directions. The step-outs varied in size and included a double step-out in KMZ East with KLI-23-063 being drilled 1 km east of KMZ and KLI-23-066 being drilled 500 m to the east. This offers a unique east-west sectional perspective on mineralization styles associated with KMZ over a kilometre distance. In addition, KLI-23-065 stepped out 200 m to the southwest of KMZ, adding to the east-west drilling section. The collar-to-collar distance from KLI-23-065 in KMZ West to KLI-23-063 in KMZ East is 1240 m, representing the entire lateral extent of the known KMZ porphyry system. In addition, KLI-23-066 provided a test of the TDR filtered model of aeromagnetic data being used as an alternative porphyry footprint delineator to the near-surface expression of the 3D MVI Induced model. Whereas KLI-23-066 lies outside the interpreted footprint boundary of the MVI, it is within the boundary of the TDR. This is significant because the TDR is being utilized for its ability to enhance low amplitude magnetic anomalies (including structural trends) such that satellite magnetic anomalies to KMZ central zone can be better resolved. There are large (200-250 m diameter) TDR anomalies in the northeast part of KMZ North (see Figure 2) that have only been marginally tested with drilling, including by KLI-22-046 which returned 59.0 m of 0.89% CuEq (0.24% copper, 0.87 g/t gold, and 2.29 g/t silver) within 169 m of 0.55% CuEq (0.20% copper, 0.46 g/t Au, and 1.65 g/t Ag) (see news release dated January 18, 2023). Intersecting mineralization in KLI-23-066 adds confidence to targeting the northeastern TDR anomalies in 2024.Drill hole KLI-23-064 was collared from the same location as KLI-23-060 in KMZ North and drilled at moderate inclination to the north to test for an extension of KMZ mineralization to the northwest of the KMZ central zone and intersected predominantly late-mineral diorite. It also provided a test of the TDR versus MVI footprint models as this drill hole is fully within the MVI footprint but drills outside of the TDR. Results indicate that there is continuity of mineralization between KMZ and KMZ West across the Lui Fault and mineralization extends as much as 135 m farther to the west-southwest of KLI-22-050. It remains open in the west, including at depth. Results also indicate that mineralization is continuous for another 100 m to the east of KLI-22-049 in KMZ East and confirms that the TDR footprint is a reliable indicator of KMZ mineral potential at depth. Mineralization remains open in KMZ East and at depth. With these step-outs, the known east-west extent of KMZ mineralization is now 750 m. Furthermore, detailed review of precious and base metal ratios (gold: copper and silver: gold) of KMZ mineralization across the 1240 m-long east-west section suggests there are at least three different laterally zoned mineralization signatures: Distal D-veins (quartz-sericite-pyrite) and/or local skarn occurrences; intermediate or peripheral style mineralization with stronger chlorite-sericite alteration relative to magnetite; and KMZ-proximal (proximal to plutonic source) with stronger magnetite relative to chlorite-sericite. Work is continuing to refine these mineralization signatures and related domains to determine their deposit-scale geometry in order to more precisely vector towards higher grade mineralization in 2024. The next batch of results, the last three 2023 diamond drill holes (KLI-23-067 to KLI-23-069), will support expansion of this modelling across Valley Fault and into KMZ North.Summary of Drill Holes KLI-23-063 to KLI-23-066KLI-23-063 (azimuth 270°, inclination -60°, planned length 400 m, drilled length 566 m) was collared in KMZ East, 1 km east of the KMZ central area. It tested a pipe shaped subtle MVI and TDR magnetic anomaly that merges with a larger magnetic anomaly at depth and a coincident chargeability high. The shape of the geophysical feature resembles an apophysis branching off the deep KMZ East geophysical anomaly to shallow levels. Surface geochemistry is anomalous in high-level porphyry pathfinder elements copper, tin, tellurium, bismuth and antimony.Lithology consists mainly of volcaniclastic andesite to 352 m. Narrow units (up to 9.4 m wide) of augite porphyry occur with narrow late-mineral diorite dykes (up to 7.1 m wide). After 352 m, diorite becomes the predominant lithology to end-of-hole with late-mineral diorite dykes becoming abundant beyond 432 m. A 30.7 m wide fault zone was encountered from 441.4-472.1 m.Alteration is predominantly chlorite-sericite with weak patchy magnetite. Locally strong sericitic alteration and banded chlorite occurs near shear zones. Propylitic alteration is weak to moderate with patchy and vein-controlled epidote. Late-stage anhydrite veins are common.Mineralization includes a weakly mineralized interval from 84-102 m grading 0.01% copper, 0.16 g/t gold and 0.32 g/t silver that is associated quartz-pyrite veins (D-veins). A 0.68 m wide interval at 262.5 m with 0.26% copper, 0.43 g/t gold and 1.66 g/t silver is associated with an augite porphyry dyke and a bornite-chalcopyrite bearing quartz vein. From 536-543.5 m, there is a 7.5 m interval with 0.07% copper, 0.34 g/t gold and 0.65 g/t silver associated with a quartz-pyrite-chalcopyrite vein. Molybdenum and tungsten are also anomalous in these veins. This deepest intersection is significant because it represents mineralization at the eastern margin of a coincident magnetic-chargeability-resistivity high geophysical anomaly starting at 350 m vertical depth that is continuous across all KMZ East and back to KMZ.KLI-23-064 (azimuth 360°, inclination -75°, planned length 600 m, drilled length 548 m) was drilled from the same pad as KLI-23-060 in KMZ North and tested the northwest part of KMZ North where there was no historical drilling. Drilling tested the northern margin of the MVI anomaly and a coincident geophysical anomaly of interest.Lithology is predominately late-mineral diorite with lesser early-mineral diorite and volcaniclastic andesite. Alternating early- and late-mineral diorite phases and volcaniclastic andesite occurs throughout much of the drill hole suggesting drilling may have been at shallow angle to a late-mineral diorite dyke or sheeted dyke series and a fault. Narrow (< 3 m) feldspar porphyry and andesite dykes are noted locally. There is intermittent faulting and shearing between 133-388.7 m. A narrow (6.3 m wide) megacrystic feldspar porphyry dyke was encountered at 532 m.Alteration is pervasive propylitic (epidote ± albite) with local moderate chlorite-sericite. Epidote, with pyrite and calcite occurs in veins. Potassic alteration occurs as patchy magnetite-chlorite ± biotite and diffuse magnetite veinlets. Local actinolite-quartz ± chlorite veins increase after 397 m depth.Mineralization includes several narrow zones of low-grade mineralization including a 5 m interval from 161-166 m of 0.05% copper, 0.58 g/t gold, 1.87 g/t silver, 0.46% zinc, 0.15% lead that is associated with a calcite-sphalerite-hematite base metal vein. From 230-234.7 m, there is a 4.7 m interval of 0.06% copper, 0.57 g/t gold and 5.50 g/t silver that is associated with 10-40 cm wide white quartz veins with weakly anomalous molybdenum, zinc, tungsten, and tellurium. From 501.5-507.4 m there is a 5.9 m interval of 0.04% copper, 0.57 g/t gold and 1.25 g/t silver that is associated with a 50 cm wide quartz-pyrite vein and shear foliation. It is also weakly anomalous in molybdenum, tungsten, and tellurium.KLI-23-065 (azimuth 060°, inclination -80°, planned length 400 m, drilled length 650 m) was collared 100 m southwest of the Lui Fault in the KMZ West zone. It was designed to drill steeply and test for a continuation of KMZ mineralization into KMZ West. Lithology is mainly volcaniclastic andesite host rock (63%) with intermittent quartz diorite dykes (21%) up to 49 m wide, and feldspar ± hornblende porphyry dykes (10%) up to 20 m wide. Additional units include a hornblende andesite dyke (6.9 m wide) at 467.8 m and a late-mineral diorite dyke (21.7 m wide) at 615.3 m. The Lui Fault was not clearly intersected but the combination of late-mineral diorite, sodic-calcic alteration, wavy vein fabrics, banded chlorite, and a gold-rich quartz vein with banded to massive pyrite suggests drilling intersected the fault zone starting around 540 m.Alteration is mainly chlorite-sericite overprinting weak patchy magnetite. Inner propylitic alteration includes epidote patches and epidote ± chlorite in intermediate-stage veins. Sodic-calcic (albite-actinolite-chlorite) alteration with patchy sericitic alteration intensifies after 550 m. Mineralization includes the 111.0 m interval from 90-201 m of 0.24% copper, 0.30 g/t gold and 0.70 g/t silver. It is associated with disseminated pyrite-chalcopyrite, early-stage quartz-magnetite-chalcopyrite veins, and intermediate-stage anhydrite-chalcopyrite-pyrite ± epidote veins. A 109.8 m interval from 358-467.8 m of 0.17% copper, 0.16 g/t gold and 0.59 g/t silver is associated with early- and intermediate-stage quartz-chalcopyrite-pyrite and anhydrite-chalcopyrite veins, and quartz-sulfide veins with sericitic alteration (D-veins); this interval also has a continuous weak molybdenum anomaly averaging 27.2 ppm. A 35 m interval from 576-611 m of 0.09% copper, 0.76 g/t gold and 0.75 g/t silver is similarly associated with early- to intermediate-stage veins and quartz-sulfide veins with actinolite, banded chlorite and banded-to-massive pyrite. This banded vein returned 1.56 m of 0.10% copper, 13.65 g/t gold, and 5.0 g/t silver. The 35 m interval is weakly anomalous in molybdenum (9.1 ppm) and the banded vein in tellurium and tungsten.KLI-23-066 (azimuth 175°, inclination -65°, planned length 700 m, drilled length 644 m) stepped out 100 m east of KLI-23-049 in KMZ East. It tested a margin of the same deep chargeability high anomaly that KLI-23-063 tested farther to the east. In addition to testing for an expansion of KMZ East, it was designed to cross the Divide Lake Fault at depth and test the deep southeastern part of the KMZ central block.Lithological units alternate between volcaniclastic andesite (34%; average length of 9.5 m), quartz diorite (48%; average length of 9.4 m), feldspar ± hornblende porphyry and aplite dykes (14%; average length of 8.1 m), and andesite dykes (2%; average length of 0.9 m).Alteration is chlorite-sericite with locally stronger sericitization. There is accompanying inner-propylitic alteration that includes vein-hosted epidote and propylitic altered FHP dykes. Magnetite is trace-to-weak but becomes patchy and vein-hosted after 161 m.Mineralization includes disseminated and vein-hosted pyrite and chalcopyrite, and chalcopyrite associated with magnetite. The 116.9 m interval from 201-317.9 m of 0.28% copper, 0.22 g/t gold, and 0.96 g/t silver is related to early-stage quartz-magnetite-sulfide veins and stronger magnetite alteration. A 17 m interval from 627-644 m (end-of-hole) of 0.05% copper, 0.14 g/t gold, and 0.60 g/t silver is related to a quartz-molybdenite vein with strong sericitic alteration. The vein is anomalous in molybdenum (86.3 ppm) and tungsten.About KliyulOwned 100% by Pacific Ridge, the Kliyul copper-gold project ("Kliyul" or the "Project") is over 90 km2 in size and is located in the prolific Quesnel Terrane close to existing infrastructure. Kliyul hosts a number of compelling exploration targets, including the Kliyul Main Zone ("KMZ") which has been the Company's focus since acquiring the Project in 2020. Subsequently, Pacific Ridge has completed more than 17,500 m of diamond drilling and has expanded the known extents of KMZ mineralization to 750 m east-west, up to 600 m north-south, and up to 600 m vertical depth. KMZ remains open in every direction.QA/QC (Quality Assurance/Quality Control)Pacific Ridge's 2023 exploration program is being managed by Equity Exploration Consultants Ltd. of Vancouver, B.C. The drill contractor was Paycore Drilling of Valemount, B.C. Half-core HQ (63.5 mm) or NQ (47.6 mm) sawed samples from continuous intervals throughout the reported drill holes were sealed on site and shipped to ALS Global Laboratories ("ALS") preparation lab in Reno. Fire assay and multielement analyses were completed at ALS Minerals analytical laboratory in North Vancouver. Drill core was crushed, pulverized and analyzed for 48 elements using a four-acid dissolution followed by ICP-MS (ME-MS61) with over limits by ore grade four-acid dissolution followed by ICP-AES (OG62), with a 30 g sample analyzed for gold by fire assay and atomic absorption finish (Au-AA23). Blanks and commercially certified reference materials were inserted blind into the sample stream with an overall insertion rate of 5%. Field duplicates representing a quarter core split of the original sample are inserted at 2.5%. Pulp and crush duplicates are inserted at 5% insertion rate by the laboratory. The QAQC results are reviewed as batches are returned from the laboratory and appropriate actions are implemented where required. The QA/QC results for the reported drill holes are acceptable.About Pacific RidgeOur goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel Terrane close to existing infrastructure. In addition to Kliyul, the Company's project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.On behalf of the Board of Directors,"Blaine Monaghan"Blaine MonaghanPresident & CEOPacific Ridge Exploration Ltd.Corporate Contact:Blaine MonaghanPresident & CEOTel: (604) 687-4951www.pacificridgeexploration.comhttps://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-https://twitter.com/PacRidge_PEXInvestor Contact:G2 Consultants Corp.Telephone: +1 778-678-9050Email: ir@pacificridgeexploration.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189844

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MTB Reports Final Results from Drilling on the Red Cliff Copper-Gold Project as Reported from Our Joint Venture Partner, Decade Resources

December 5, 2023

Montrose Zone extended to the north.Parallel en echelon gold bearing shoots within a 40-metre-wide zone.Ground between the Montrose and Red Cliff Zones remains untested.Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: E8H) (“MTB” or the “Company”) reports results from the second phase of drilling on the Red Cliff property located near Stewart, BC in the “Golden Triangle” area. MTB owns a 35% interest in the project with Decade Resources Ltd. (“DEC” or “Decade”) owning the remaining 65%. Decade is the operator.The property is host to numerous historic workings and showings including from south to north, the historic Red Cliff mine, the Chimney Zone, the Road Zone, the Water Pump Zone, the lower and upper Montrose Zones, and the Waterloo Zone. The gold bearing showings occur along a north-northwest striking belt that is at least 2 kilometres in length. Mineralization occurs in steeply plunging en-echelon ore shoots within this broad trend and there is high potential for the discovery of other ore shoots within this belt. Splays off the main trend have also been identified in historic drilling.The Montrose Zone is complex and may consist of several ore shoots within a wide interval of altered rocks. It is associated with latite intrusive that has altered the adjoining country rock, obscuring the contacts. One to ten percent fine grained pyrite is present throughout the mineralized zones. Veining within the intrusive and contact areas consists of sphalerite-galena-minor chalcopyrite mineralization. Fine visible gold is commonly noted in these veinlets. Later stage chalcopyrite-pyrite-quartz veins are present along the west side of the mineralized zone. Coarse visible gold is commonly present in the later mineralization. The Montrose zone is north-south trending with cross-cutting east-west trending veins from 2 to 5 m wide. Historic reports make mention of massive sulphide veins up to 2.5 m with reported assays up to 270 g/t gold and as well as 49 g/t gold over 0.5 m. This historic sampling has not been verified by either MTB or DEC. The 2023 program was designed to test the northern extension of the Montrose Zone as well as define near surface high grade gold-copper for a potential 10,000 tonne bulk test in the Upper Montrose area. Drilling results for both phase 1 (reported in MTB NR, July 18, 2023) and phase 2 are shown below.Table 1 – Results, Phase 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5332/189858_9ff0f7a9342e0b16_001full.jpgTable 2 – Results, Phase 1 (as reported in MTB NR, July 18, 2023)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5332/189858_9ff0f7a9342e0b16_002full.jpgAbout MTBMTB has six active projects spanning 670 square kilometres (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.Telegraph is located in the vicinity of 4 world-class porphyry deposits being advanced by major mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). Field work by MTB on its 344 square kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to others in the area.The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 km from the deep-water port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered 5 kgs of silver over 5 metres. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. Recent drill results include 2 meters of 26 g/t gold.On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Several targets with high-grade silver potential remain to be tested. On the Theia project, work by MTB and previous explorers has outlined a silver bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5%.Southmore is in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s and was overlooked until MTB consolidated the property and carried out airborne geophysics and field work which confirmed several zones of gold and copper, with values up to 20% copper and 35 g/t gold.On behalf of the Board of Directors:Lawrence RoulstonPresident & CEOFor further information, contact: Caroline Klukowskicaroline@mtb-metals.comNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This news release may contain certain “forward-looking statements”. Forward-Looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189858

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