Spruce Ridge Resources Ltd. announced that assessment reports for three mineral licences covering its South Pond Copper-Gold Property within Spruce's Great Burnt Property (2,890 ha) located in Central Newfoundland are being filed after the applicable deadlines. The Company has held the mineral claims since 1999. Acceptance of the late filing as been requested from the Newfoundland and Labrador Mineral Lands Division.

The South Pond Copper-Gold Property was most recently discussed by the Company in its news release of July 19, 2022. Shareholders are advised that the exploration results discussed in that news release relate to a property area for which Spruce may no longer have the required mineral licenses. The Great Burnt Copper Zone is contained in a separate mining lease and remains in good standing.

The mineral claims covering the Pipestone nickel prospect (4,575 ha) have expired due to lack of sufficient assessment work required to keep the claims in good standing. This property was not under active exploration.