Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased to report new drilling results from its ongoing exploration program. The new results continue to indicate that broad zones of gold mineralization exist in the hanging wall and footwall of the Jubilee Shear in geological structures that were sparsely tested by historic drilling programs.

• Hanging wall of (above) the Jubilee Shear (Figure 2)
  • Minto B Shear
    • Intersection of 2.68 g/t gold over 25.22 m in SD-23-419 that includes 38.33 g/t Au over 0.98 m and 12.72 g/t Au over 0.87m (Figure 3):
  • Minto C Shear System
    • Near-surface intersection of 5.06 g/t gold over 13.28 m including 11.22 g/t gold over 3.51 m and 10.19 g/t gold over 2.34 m in the Minto C shear system in SD-22-408
    • 0.97 g/t gold over 7.86 m including 3.49 g/t gold over 1.06m in the Minto C Shear system in SD-23-419
• Footwall of (below) the Jubilee Shear
  • Old Tom Vein Network
    • Intersection of 7.67 g/t gold over 5.89 m, including 48.8 g/t Au over 0.83 m in SD-22-418 (Figure 3)
    • Other intersections in the Old Tom Vein Network include 70.9 g/t gold over 1.14 m in SD-22-414 and 2.06 g/t gold over 11.45m, including 13.00 g/t Au over 1.00 m in SD-22-417 (see press releases of February 16^th and 23^rd 2023)
• Jubilee Shear outside the boundary of the 2019 resource
  • 5.85 g/t over 6.82 m including 13.73 g/t gold over 2.63 m in SD-22-412
  • 57 m down-plunge of the intersection of 5.46 g/t gold over 10.51 m including 11.48 g/t gold over 3.27 m in SD-22-414 in the same gap in the 2019 boundary of the resource (see press release of February 23^rd 2023).

Quentin Yarie, President and CEO of Red Pine Exploration commented:

“The intersection of significant gold mineralization above and below the Jubilee Shear continues to support that a revised resource would include a shallow pit constrained resource. Gold mineralization in hanging wall structures like the Minto B Shear, demonstrates lateral and vertical continuity with the peripheral materials also being mineralized (intrusion related gold system). The extensional vein networks recently identified on the property continue to demonstrate the significant increased size potential of a revised resources. The combination of all these new zones of mineralization associated with both the Surluga and Minto Mine South deposits have the potential to substantially increase our gold inventory.”

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

*Assay results presented over core length. True width for the intersections varies between 50 to 95% depending on the intersected geological structure.

Quality Assurance/Quality Control Measures

Drill core samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.