Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased to report new drilling results from its continuing exploration program. The new results indicate that high-grade vein networks, comparable to the Surluga North Vein Network intersected in SD-22-396 (5.13 g/t gold over 37.47 m), are present in the footwall of the Surluga; an area that was historically untested and wide open for resource expansion. (Figures 1 & 2)

Highlights

• 5.07 g/t gold over 27.35 metres in SD-22-414 including:
  • infilling a large zone classified as barren in the 2019 Surluga Deposit
    • 5.46 g/t gold over 10.51 metres including 11.48 g/t gold over 3.27 metres
  • Extension/continuation of a series of f high-grade quartz veins below the Jubilee Shear footwall (Figure 2)
    • 70.9 g/t gold over 1.14 metres

• Drill holes from 2022 in the footwall of the Jubilee Shear indicated the occurrence of high-grade quartz veins with the potential to increase the existing resource. These are part of the newly identified intrusive related gold system (IRGS).
  • 2.06 g/t gold over 11.45 metres, including 13.00 g/t Au over 1.00 metres in SD-22-417 130 metres north of the intersection in SD-22-414 (see press release of February 16^th, 2023)

• Visible gold observed in a quartz vein of the same vein network in SD-22-418, 165 metres north of SD-22-414 and 75 metres from SD-22-417 (assays pending)
• In addition, there have been multiple mineralized intersections in the hanging wall of the Jubilee Shear (Minto B is in the hanging wall of the Jubilee Shear) such as:
  • 1.16 g/t gold over 7.12 metres including 5.72 g/t over 0.82 metres in SD-22-407

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

“With the intersection of high-grade gold outside the existing resource of the Surluga Deposit within the footwall and hanging wall of the Jubilee Shear (host of the Surluga Deposit), we continue to demonstrate potential upside to the Wawa Gold Project. The historic drilling programs focussed on the Surluga Deposit constrained by the Jubilee Shear and did not routinely extend much beyond those boundaries. Other existing gaps in our high-grade resource will be infilled as part of this years planned resource expansion. We will continue to test the mineralized systems in both the hanging wall and footwall of the Jubilee Shear. All these results continue to add to the potential for a shallow high grade open pit model.”

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 55 to 90% depending of 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.

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 2a – Cross Section of hole SD-22-414 with the Minto B ./Jubilee shears zones and the Gold found in the Hanging wall and Footwall of the Surluga Deposit

Figure 3b – 3D Capture of SD-22-414 with the Minto B ./Jubilee shears