Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased to report new drill results from its continuing exploration program. The results demonstrate the pervasiveness of gold mineralization over broad areas surrounding the Surluga resource, including significant intersections in the hanging wall of the Jubilee Shear Zone.

• Significant intersections in the Minto B/Jubilee Triangle (Figure 1) confirm the presence and continuity of gold mineralization in the area where the two structures Minto B and Jubilee shear are converging.
  • 0.83 g/t gold over 72.06m in SD-22-404 (Figure 2)
    • Includes 1.65 g/t gold over 29.17m including 6.64 g/t gold over 5.87m in the Minto B Shear Zone
  • 0.66 g/t gold over 128.85 m in SD-22-417 (Figure 3)
    • Includes 3.28 g/t gold over 8.44m in the Jubilee Shear Zone

Several shallow mineralized intersections in the Minto C Shear System located east of the Minto B Shear Zone.

• • Includes 1.75 g/t gold over 8.26m including 10.9 g/t over 1.05 m in SD-22-404
• Extension of the Surluga North Vein Network 105 m east of the intersection in SD-22-396 in SD-22-405

• • • Includes 2.56 g/t gold over 1m in SD-22-405 and 4.3 g/t gold over 1.48m in SD-22-403
• Gold mineralization is proven to extend 450m down-dip of the resource boundary in the Surluga North area at the northern limit of the current Surluga resource.

• Multiple mineralized intersections in the Jubilee Shear system south of the Parkhill Fault
  • Includes the intersection of 5.81 g/t gold over 1.49 m in JS-22-398
  • Support the persistence of gold mineralization in that underexplored segment of the Jubilee shear system
• Identification of new mineralized structures in the Nyman-Grace mineralized system.
  • New results indicate the persistence of the Grace Shear Zone beyond the area where it was mined in the early 20^th century.
  • New mineralized structures discovered in DG-22-338 north of the Grace Shear Zone

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

“As we begin our 2023 program focused on resource growth, we continue to evaluate the potential of a hybrid open pit/underground constrained resource (Press release December 06, 2022). In the attached cross section, the continuity of gold mineralization within the Jubilee shear is apparent at lower cut-offs that may be conducive to a shallow open pit with a potential of adding tonnage and ounces to the existing Surluga deposit. Our focus for 2023/24 remains to be an increase in the resource(s) on the Wawa Gold Project.”

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 35 to 90% depending on the intersected geological structure

Red Pine Exploration Inc. announces changes to Management.

Red Pine Exploration Inc. announces that effective immediately, Jim O’Neill, Chief Financial Officer (“CFO”), has left the Company and we wish Jim all the best in his future endeavours. The Company begun the search for a replacement.

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.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

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.

Figure 1 – Location of the Minto B / Jubilee Triangle and the current drill hole collar locations from the Surluga Area

Figure 2 – Cross Section of hole SD-22-404 with the Minto B /Jubilee Triangle and the Gold found in the Hanging wall and Footwall of the Surluga Deposit

Figure 3 – Cross Section of hole SD-22-417 with the Minto B ./Jubilee Triangle and the Gold found in the Hanging wall and Footwall of the Surluga Deposit