Pacific Ridge Announces Results of VTEM™ Survey, Fyre Lake Project, Yukon

VANCOUVER — Pacific Ridge Exploration Ltd. (TSX Venture: PEX) (“Pacific Ridge” or the “Company”) is pleased to announce preliminary results of a helicopter borne VTEM™ electromagnetic and magnetic geophysical survey on the Company’s Fyre Lake copper-gold-cobalt massive sulphide deposit, located in the Finlayson Lake District, Yukon. The survey was flown by Geotech Ltd. of Aurora, Ontario under contract to Merah Resources Limited (“Merah”), who has an option to earn an interest in the property

Merah has reported the following VTEM™ survey highlights:

• The survey successfully delineated magnetic and electromagnetic (EM) anomalies along a 1.8 km trend directly associated with the currently defined Kona Deposit* massive sulphide;

• New magnetic and EM anomalies have been identified that potentially extend the Kona Deposit a further 1 km,directly along strike and beyond the currently defined limit of drilling;

• Additional magnetic and EM targets defined by the survey, similar in size and amplitude to the anomalies directly associated with the Kona Deposit, have been identified east and west of the Kona Deposit and represent high priority drill targets;

• The newly generated exploration targets increase Merah’s confidence that there is significant potential both to expand the size of the Kona Deposit and to discover additional mineralized zones, which could add to the value and economics of the Fyre Lake project.

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