Pacific Ridge Exploration Ltd. announced that the first four diamond drill holes (KLI-23-51 to KLI-23-054) from this year's exploration program at the Kliyul copper-gold porphyry project ("Kliyul" or "Project") intersected significant copper-gold mineralization with drill hole KLI-23-05 4 returning 305.5 m of 0.62% copper equivalent ("CuEq") (0.23% copper, 0.51 g/t gold, and 1.22 g/t silver) within 540.3 m of 0.46% CuEq (0.19% copper, 0.36 g/t gold, and1.09 g/t silver). KLI-23-052, a 130 m step out southeast from KLI-06-30, returned 137.0 m of 0.42% CuEq (0.,22% copper, 0.26 g/t gold, and one.41 g/t silver) from 63.0 m. KLI-23-052 also returned 27.8 m at 0.67% CuEq (0".29% Cu, 0.51 g/T Au and 2.05 g/t silver) from 161.2 m, and 63.2 m at 0.40% CuEq (0.'23% copper, 0.21 g/t gold, and 2.53 g/t silver) from 403.8 m. KLI-23 -051, a 110 m south-southeast step out from KLI-22-043, intersected 36.0 m of 0.43% CuEq (0;22% copper, 0.28 g/t gold, and 0.37 g/t silver) from 70.0 m. The drill hole ended early at 138 m due to technical difficulties in a cross-fault structure. KLI-23-053, a steeply drilled 130 m south-southeast step up from KLI-22-04, returned 31.5 m of 0.45% CuEq (0 the27% copper, 0.24 g/t gold, and0.93 g/t silver) from 102.5 m. The first four drill holes have expanded the known extents of the Kliyul Main Zone (KMZ) mineralized body to 600 m east-west, up to 450 m north-south (previously 350 m north-south), and up to 600 m vertical depth.

A combination of IP chargeability high (>20 mV/V), DC resistivity high (>2000 ohm-m) and moderate-to-high MVI Induced 3D model values continues to be a reliable geophysical targeting signature for mineralization at Kliyul. Pacific Ridge has completed approximately 6,500 m of the planned 9,000 metre diamond drill program at Kliyul. Further drill results will be released once they are received and compiled.