On April 8, 2024, Pacific Ridge Exploration Ltd. closed the transaction. The Company issued 1,058,750 non-flow-through units at a price of CAD 0.08 per NFT Unit for gross proceeds of CAD 84,700. Each NFT Unit is comprised of one common share of the Company and one common share purchase warrant and Each FT Unit is comprised of one common share and one Warrant. Each Warrant is exercisable to purchase one additional non-flow-through common share at an exercise price of CAD 0.12  any time for a period of two years. The securities issued in the second tranche are subject to a hold period ending on August 6, 2024. The Company paid finder's fees totaling CAD 4,362 in connection with this tranche of the Financing. The Financing and payment of finder's fees are subject to TSX Venture Exchange acceptance. An insider of the Company, through a company controlled by him, subscribed for 150,000 NFT Units in this tranche of the Financing.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 53 placees, 2 existing insiders for 520,000 units and 6 pro groups for 2,856,184 units. The company has paid finder's fees of CAD 70,428.12 in the transaction.