Pacific Ridge Exploration Ltd. announced its 2024 exploration plans which include a diamond drill program at the Chuchi copper-gold project ("Chuchi"), Z-Axis Tipper Electromagnetic ("ZTEM") and magnetotellurics ("MT") geophysical surveys at the Kliyul copper-gold project ("Kliyul") and an induced polarization ("IP") survey at the Redton copper- gold project ("Redton"). Chuchi, Kliyul, and Redton are located in the prolific Quesnel terrane in northcentral British Columbia. Chuchi (or the "Project") is over 160 km2 in size and comprises of three claim blocks, Chuchi, under option from Centerra Gold Inc. ("Centerra"), and Chuchi South and Chuchi West, under option from American Copper Development Corporation.

The Project is road accessible and is located approximately 35 km northwest of Centerra's Mount Milligan Mine. Chuchi hosts several compelling exploration targets within a six-kilometre-long porphyry trend, including the BP Zone. The Company believes that the BP Zone has significant, untested potential for porphyry copper-gold mineralization at depth as many of the historic drill holes were shallow, less than 150 m in depth, and ended in mineralization.

Further, the porphyry centre has yet to be identified. Owned 100% by Pacific Ridge, Kliyul is over 90 km2 in size and is located in the prolific Quesnel terrane close to existing infrastructure. Kliyul hosts several compelling exploration targets within a six-kilometre long mineralized trend, including KMZ, which has been the Company's focus since 2020.

Pacific Ridge has completed more than 17,500 m of diamond drilling at KMZ and has expanded the known mineralized extents to 760 m east-west, up to 600 m north-south, and up to 650 m vertical. KMZ remains open in every direction and at depth. Drill highlights include drill hole KLI-21-037 which returned 316.7 m of 0.79% CuEq or 1.17 g/t AuEq (0.30% copper, 0.70 g/t gold, and 2.17 g/t silver) within 566.7 m of 0.51% CuEq or 0.75 g/t AuEq (0.20% copper, 0.44 g/t gold, and 1.31 g/t silver).