Red Pine Exploration Inc. reported on new results from its 2022 Phase 1 exploration program. The exploration results continue to support the expansion of current resources and the potential for additional centres of mineralization within the Wawa Gold Project. High-grade assay results received from the 2022 drilling in the up-dip extension of the Sadowski zone: 52.12 g/t gold over 2.29 metres in SD-21-350 including 162.52 g/t gold over 0.30 metres and 145.20 g/t gold over 0.41 metres.

492 g/t silver over 0.90 metres in SD-21-309; Additional high-grade intersection in the down plunge extension of the Surluga deposit in the North, with the primary mineralization zone remaining open at depth and along strike. 8.44 g/t gold over 5.71 metres; Confirmation of Company's exploration strategy and targeting approach: surface mapping and orientated core measurements to refine targets, drilling to confirm gold mineralization. Strong endorsement of Phase 1 Exploration Plan and potential expansion later in 2022.

Assay results from the current drill program are coming back on a more regular basis. The reader is cautioned that the potential tonnages and grades of the exploration targets are conceptual in nature, that there has been insufficient exploration to increase the current mineral resources, and that it is uncertain if further exploration will result in any of the exploration targets being delineated as a mineral resource. The exploration targets are part of a coherent system – supporting the possibility that the Wawa Gold project contains a larger, higher-grade gold system; Surluga south area – Discovery of high-grade gold in the Sadowski Vein Network and high-grade silver in the Jubilee Shear Zone: In the Surluga South area, hole SD-22-350 intersected a near-surface and high-grade quartz vein that is part of the Sadowski Vein Network.

The intersection in SD-22-350 is located 81 metres up-dip from the intersection of 29.29 g/t gold over 2.02 metres in SD-21-297A in the Sadowski Vein Network. The Sadowski Vein Network has now been traced over a strike length of 100 metres and to a vertical depth of 85 metres. It remains open to the North and at depth.

In SD-21-309 in a late fault sub-parallel to the Jubilee Shear Zone foliation, Red Pine identified high-grade silver mineralization. The continuity and size of that zone of silver mineralization remains to be determined. Update on Exploration drilling – Jubilee Shear Zone south of the Parkhill Fault: Red Pine is continuing to test the under-explored segment of the Jubilee Shear Zone south of the Parkhill fault and has now completed 6 holes (assays pending) covering 275 metres of strike length along the southern segment of the Jubilee.

In all the completed drill holes, the Jubilee Shear Zone thickens considerably, reaching an apparent thickness of up to 400 metres. A zone of strong quartz veining associated with sulfide mineralization, varying in width between 4 and 10 metres, is being consistently observed in the 6 holes completed in the upper part of the Jubilee Shear Zone. Quality Assurance/Quality Control ("QA/QC") Measures: Drill core samples were transported in security sealed bags for analyses at 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 then 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.